June 2023: Wednesday 21 June 2023 - 9:00am
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Floorplan
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    Key features

    • Investment currently let at £31,400 pa
    • Believed to be significantly under-rented
    • Prominent corner building
    • In same ownership for nearly 23 years

    Description

    The property comprises a three storey building arranged as a ground floor shop together with a three bedroom flat above on the first and second floors. Part of the property runs underneath the railway.

    Additional information

    Tenure

    Freehold. Part of the property runs underneath the railway. Please refer to legal pack for further details.

    Accommodation

    Please note the areas provided are approximate and have been sourced from the VOA.


    Ground - 330.12 sq m (3,553 sq ft)

    Basement - 73.32 sq m (789 sq ft)

    First/second - Not measured


    Total Commercial Area - 403.44 sq m (4,342 sq ft)

    Tenancy

    Ground - Let to a tenant trading on a lease at a rent of £20,000 pa (please see legal pack for the lease).

    First/Second - Let on an AST at a rent of £11,400 pa (£950 pcm) - it is thought that this rent is well below market rent.

    Rent

    £31,400 pa

    Notes

    Please note that no lease/licence for the land under the railway is being sold. Please refer to the legal pack for further information.

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      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property is located in a popular location in Kentish Town, on the west side of Grafton Road, at it's junction with Athlone Street in a predominantly residential area. The property is 0.2 miles from Kentish Town West Overground Station.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums