Home > Auctions > 28 May 2025 28 May 2025 - 9:00am > Lot 20

28 May 2025: Wednesday 28 May 2025 - 9:00am
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    Key features

    • A freehold three storey building currently arranged to provide a ground floor commercial unit and three residential units
    • Ground floor commercial unit and flat vacant
    • Two upper flats subject to long leases
    • Consented development with permission granted to provide four apartments (one x one bed, two x two beds and one x three bed)      
    • Located on Green Lanes, Stoke Newington around 0.1 miles from Newington Green    
    • The development will provide a total of 3,002 square feet (279 square metres) NIA of accommodation
    • Six weeks completion available

    Description

    The property comprises a three storey mixed use building arranged over three floors under a pitched roof. The ground floor currently consists of a one bedroom apartment, a self-contained commercial unit, and a rear yard. The uppers two floors comprise two apartments that are sold off on long leases. The building benefits from a right of way over the land to the right hand side (see title plan).

    Additional information

    Tenure

    Freehold

    Accommodation

    The ground floor currently consists of a one bedroom apartment, a self-contained commercial unit, and a rear yard. The uppers two floors comprise two apartments that are sold off on long leases.

    Tenancy

    Flats 50A and 50B on the first floor are subject to a single lease for a term of 999 years at a peppercorn rent.

    Planning

    Local Planning Authority


    The London Borough of Hackney

    E. planning@hackney.gov.uk

    T. 020 8356 8062


    The property benefits from three planning consents which are summarised as follows. 


    2023/1052 and 2024/1628 (Ground Floor) 

    Prior Approval (Class MA) for change of use from office (Class E) to residential. The ground floor has then been granted full planning permission to reconfigure and extend the ground floor to create two x two bedroom apartments. Both apartments benefit from a private garden area.  


    2024/1717 (Airspace) 

    Prior approval for the erection of two additional storeys to create two apartments. The apartments would be arranged as one x one bedroom and one x three bedroom flat.  

    We are informed that there are two s.106 agreements with a combined cost of £1,110 which are monitoring costs. The CIL payment is expected to be approximately £58,000.



    Notes

    Joint Auctioneers

    Harston & Co.

    (attn. Nick Harston)

    247 High Road

    South Woodford

    London, E18 2PB

    T. 020 3371 0061

    M. 07984 190781

    W. www.harstonandco.co.uk


    We are informed by the seller that one of the units on the ground floor will be eligible for a local parking permit.


    We understand that the property has not been elected for VAT.

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        Accommodation / Tenancy Schedule

        Local information

        The property is located within a three-storey block facing Green Lanes, Stoke Newington. Stoke Newington is a vibrant and popular part of north London.

        Transport

        The area is well served by public transport with Canonbury station, Dalston Kingsland station and Dalston Junction station all within walking distance.

        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.

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