August 2021: Wednesday 04 August 2021 - 9:30am
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    Key features

    • Located within close proximity of Euston Station and the New Entrance for the HS2 Connection
    • Ground floor commercial space on Ground and Lower Ground (Approximate 1,600 sqft) previous let at £55,000 PA
    • 2 x Existing Two Bedroom Flats on 1st and 2nd Floor
    • Planning permission approved for adding an additional 2 x One Bedroom flats to the upper floors (subject to s106 being signed off)
    • Potential to add additional upper floors subject to Planning.

    Description

    The Existing Site comprises of the following

    Commercial space on the ground and lower ground comprising of 1,600 sqft Approximately. The current use class is B1 however there is potential to convert to use class E which would allow multiple business uses to trade from the Units. (Subject to the requisite consents)

    Existing Flats

    1st Floor - 2 Bed Flat 49 sq m

    2nd Floor - 2 Bed Flat 46 sq m

    Planning permission

    3rd Floor - 1 Bed Flat 46 sq m

    4th Floor - 1 Bed Flat 40 sq m

    Additional information

    Tenure

    Freehold - Vacant

    Accommodation

    Lower Ground - Office room, WC

    Ground Floor - Office space, entrance for upper flats

    1st Floor - 2 Rooms, Kitchen/Living Room, Bathroom W/C

    2nd Floor - 2 Rooms, Kitchen/Living Room, Bathroom W/C

    Tenancy

    Vacant

    Planning

    Camden Council


    Application Ref: 2021/1155/P


    Erection of two additional storeys to provide 2 x 1 bedroom residential units above a mixed use building


    Notes

    Please note the site areas provided are approximate. The photos and red line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. Prospective purchasers must rely upon their own enquiries in this regard.

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      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 between the junctions of N Gower Street and Cardington Street.

      Local amenities can be found directly on Hampstead road and on Euston Road.


      London Euston Station is located approximately 0.2 miles from the site

      Euston Square Station is located approximately 0.2 miles form the site

      Transport

      London Euston Station - Network Rail services to the north and the future HS2 Rail services to the North

      Euston Square Station - Underground - Circle, Hammersmith & City and Metropolitan Services


      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.

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