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Lot A Click here for addendum

Redevelopment Opportunity
6 Week Completion

Situation

Located in a prime position in this busy commercial centre, just off Seven Sisters Road and within 250 yards of Finsbury Park Rail (Main, Northern and Jubilee Lines) and Bus Station.
In addition, the property is within a few hundred yards of the Telford Homes Landmark Development comprising 355 new homes in two iconic towers and a leisure complex (Visit -www.telfordhomes.london/microsites/city-north).

Property

A late Victorian terraced building comprising a Ground Floor Shop (with A3 Use) and separate front entrance to a Self-Contained Upper Part on the first and second floors which were previously occupied as offices.

Accommodation

Ground Floor Shop
Gross Frontage 18'9"
Internal Width 17'3"
Shop Depth 45'0"
Built Depth 59'0"
WC
First Floor Ancillary
Office Area Approx. 650 sq ft plus 2 WCs & Kitchenette
Second Floor Ancillary
Office Area Approx. 425 sq ft

VAT is NOT applicable to this Lot

Freehold offered with Vacant Possession

Note 1: In the Auctioneer's opinion, the upper part would be eminently suitable for conversion into 3 Self-Contained Flats with the addition of a new 3rd floor, subject to obtaining planning consent from Islington Council's Planning Department - Tel: 020 7527 2000.

Note 2: A newly built flat at 93/107 Fonthill Road is available at £525,000 for 683 sq ft (£768 per sq ft).

Viewing Times

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

156 Fonthill Road, Finsbury Park, London N4 3HP