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Lot 11 Click here for addendum

Freehold Vacant Shop & Flat
Residential Development Opportunity / In same ownership since 1987
6 week completion

Situation

Located within this popular shopping centre being within 500 yards of Cambridge Heath Station (Overground) and 800 yards from Bethnal Green Station (Central Line) and amongst a host of local traders, all serving the surrounding area which is benefitting from residential regeneration. In addition, the property is very near to Mama Shelter and many local restaurants and traders.

Property

A Late Victorian mid-terraced building comprising a Ground Floor Shop (on two levels) and Basement with separate front access to a Self-Contained Flat planned on raised ground and first floor levels benefitting from gas central heating. In addition, there is a Rear Yard covered with a Perspex roof on a timber frame.

Accommodation

Ground Floor Shop
Gross Frontage 14'0"
Internal Width 12'6"
widening to 14'3"
Shop Depth 33'7"
Built Depth 66'10"
WC
GIA Approx. 948 sq ft
Basement
GIA Approx. 172 sq ft
Raised Ground and First Floor Flat
Raised Ground Floor:
2 Rooms, back addition Room, Kitchen, Shower Room/WC
First Floor:
2 Rooms

Total Gross Floor Area Approx. 1,979 sq ft

VAT is NOT applicable to this Lot

FREEHOLD offered with VACANT POSSESSION

Note 1: Some of the neighbouring properties have been reconfigured to include roof top terraces.

Note 2: Floor plans are available to download from the legal pack.

Enquire about this lot:

*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 £1,000 plus 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.

391 Hackney Road, Hackney, London E2 8PP