12 February 2025: Wednesday 12 February 2025 - 9:00am
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    Key features

    • Former NatWest Bank
    • Next to Hackney Central Station
    • Prominent Corner Building
    • Spacious Layout
    • Arranged over Ground and First floors
    • Flexible Use Class E
    • Freehold
    • Vacant Possession
    • Development Potential (STPP)
    • Viewings available by request
    • Virtual Tour available by request

    Description

    This iconic former NatWest Bank building, located on a prominent corner, offers an exceptional opportunity in one of East London’s most vibrant areas. Positioned directly adjacent to Hackney Central Station, this landmark property benefits from excellent transport links and high footfall, making it an ideal location for a wide range of businesses.

    Surrounded by major retailers and popular brands—including Costa Coffee, M&S, TK Maxx, Travelodge, Iceland, JD Sports, and McDonald’s—this highly visible property is in the heart of Hackney.

    With potential for conversion to alternative uses, including residential (subject to the necessary consents), this property provides an exciting opportunity to investors and developers looking to acquire a rare, versatile and sought-after asset in a highly desirable area.

    Additional information

    Tenure

    Freehold

    Accommodation

    The premises are currently arranged over ground and first floor, providing the following approximate areas:


    Ground Floor: 3,086 sq. ft. (286.69 sq. m)


    First Floor: 2,000 sq. ft. (185.84 sq. m)


    Total: 5,086 sq. ft (472.53 sq. m)

    Planning

    Whilst there are no existent planning consents, the property could potentially be converted to alternative uses, including residential (subject to obtaining the requisite consents).

    We understand that planning permission for change of use to residential was approved in 2020 on part 2nd and 3rd floor of the building.

    Notes

    Joint Auctioneer:

    Nicholson Boyd MRICS

    Director Savills Auctions

    +447971990348

    nicholson.boyd@savills.com


    There are two long leaseholds attached to the property for the first and second floor of the adjoining property and part first and second floor of the original property. These have been sold off on a 125-year lease in November 2005 and November 2020 respectively at a ground rent of £100.00 per annum for each flat.


    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.

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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

      Hackney is a popular area of East London approximately 4 miles north east of central London, being between Shoreditch and Lower Clapton

      Transport

      Hackney Central ( approximately 250 m from the property) and Hackney Downs ( approximately 480 m from the property) Overground stations lying at either end of Amhurst Road.

      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