February 2021: Tuesday 09 February 2021 - 9:00am
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    Key features

    • Head lease with approx. 6.5 years remaining on five flats
    • All let on ASTs, producing £78,024 per annum
    • Popular location close to Islington High Street
    • Potential for a roof extension subject to requisite consents (upon a successful freehold enfranchisement)

    Description

    A four storey terraced building

    Arranged as five warehouse style flats

    Potential for reconfiguration/redevelopment of the existing accommodation subject to the requisite consents

    Potential for further development on the rooftop subject to enfranchisement and the requisite consents

    Additional information

    Tenure

    Leasehold. 68 & 3/4 years (less 10 days) from 24 June 1958. Ground rent £40 per annum.


    Accommodation

    Flat 1 - Studio Room with Kitchen Facilities, Bathroom/WC. 595 sq ft.

    Flat 2 - Studio Room with Kitchen Facilities, Bathroom/WC. 416 sq ft

    Flat 3 - Reception Room/Kitchen, Bedroom, Bathroom/WC. 842 sq ft

    Flat 4 - Studio Room with Kitchen Facilities, Bathroom/WC. 849 sq ft

    Flat 5 - Studio Room with Kitchen Facilities, Bathroom/WC, Store. 868 sq ft

    Tenancy

    Flat 1 - 12 month Assured Shorthold Tenancy from 28 July 2020 at a rent of £1,257 per month

    Flat 2 - 12 month Assured Shorthold Tenancy from 24.10.2020 at a rent of £1,300 per month 

    Flat 3 - 12 month Assured Shorthold Tenancy from 1 February 2020 at a rent of £1,375 per month

    Flat 4 - 12 month Assured Shorthold Tenancy from 25 July 2020 at a rent of £1,660 per month

    Flat 5 - 12 month Assured Shorthold Tenancy from 13 February 2005 at a rent of £910 per month (holding over)

    Rent

    Total current rent £78,024 per annum
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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.

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      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

      Located in the popular and fashionable area of Angel

      Situated close to the junction with Baron Street

      Within easy reach of the boutiques, bars and restaurants of Angel and Islington

      Convenient for Angel underground station while Kings Cross and St Pancras are both within easy reach

      Barnard Park is nearby while Regent's Canal offers picturesque walks

      Transport

      Underground - Angel (Northern Line), King's Cross St Pancras (Circle, Hammersmith & City, Metropolitan, Northern, Piccadilly and Victoria Lines)

      National Rail - King's Cross, St Pancras International

      Legal documents

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      EPC rating

      The EPC rating for this property is D

      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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