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Lot 9

Freehold Vacant Shop & Flat with Planning
6 Week Completion

Situation

Located close to the junction with Morning Lane in this established shopping parade, nearby branches of Tesco, Coral and Post Office and a wide variety of independent retailers, cafés and restaurants.
The property is conveniently located for Homerton, Hackney Central and London Fields (Overground) Stations, approximately 2½ miles north-east of the City of London.

Property

A mid-terrace building comprising a Ground Floor Shop with internal access to a Self-Contained Flat on the first floor.
The flat roof above the front of the shop has been used as a roof terrace, which is accessible through a window at first floor level.

Accommodation

Ground Floor Shop
Gross Frontage 13'8"
Internal Width 13'2"
Shop Depth 40'0"
Built Depth 70'5"
WC
GIA Approx. 926 sq ft
First Floor Flat
Open Plan Bedroom/Living Room,
Kitchen, Bathroom/WC
GIA Approx. 383 sq ft

Total GIA Approx. 1,309 sq ft

VAT is NOT applicable to this Lot

FREEHOLD offered with VACANT POSSESSION

Planning

On 27th October 2021 Hackney Council granted Planning Permission for ‘Erection of roof and first floor extension and alterations to elevations at upper floors to provide additional bedroom' (Ref: 2021/2477).
The Planning will increase the size of the flat by way of the construction of a second floor comprising a Bedroom and Bathroom.

Click here to view the Planning Documents

Note 1: There is potential to create a separate front street access to the Flat as per the adjoining units, subject to obtaining the necessary consents.

Note 2: There may be potential to convert the rear part of the ground floor into residential use, subject to obtaining the necessary consents.

VIRTUAL TOUR
Click here to view the virtual tour of the property

*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.

265 Well Street, Hackney, London E9 6RG