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Lot 1 Click here for addendum

Freehold Commercial/Residential Investment – Shop, Teaching Centre & 3 Flats
In same family ownership for approx. 100 years
6 Week Completion

Situation

Located close to the junction with Camden High Street in this popular commercial and residential area amongst a host of local traders and close to multiples such as McDonald's, Marks & Spencer, Pret A Manger, Aldi, Oxfam and Argos.
The property is located less than ½ mile from both Camden Town and Mornington Crescent Underground Stations (Northern Line).
Camden Town is a highly sought after location between Islington and St John's Wood, under ½ mile from Regent's Park and under 2 miles from Central London.

Property

A mid-terraced building with a total gross frontage of 35'8" comprising a Ground Floor Double Shop & Basement with two separate front entrances, one to a Self-Contained College on the first floor and the other to 3 Self-Contained Flats on first and second and third floors.

Click here to view the floor plans of the property.

VAT is NOT applicable to this Lot

FREEHOLD

Note 1: The 3 flats were converted with certificate of completion from the London Borough of Camden dated 13th April 2006.

Note 2: An HMO Licence was granted by the London Borough of Camden in September 2016 for Flat C and then for Flats A & B in December 2017 although they were not let to more than two persons each. An HMO Licence was granted by the London Borough of Camden from 1st April 2019 to 31st March 2024 in respect of the 3 flats although none of them are currently let to more than 2 persons.

Note 3: The opportunity exists to add further accommodation at second and third floor levels, subject to obtaining the necessary consents.

Video tour

Click here to view the video tour of the first floor college.

Click here to view the video tour of Flat A.

Click here to view the video tour of Flat B.

Click here to view the video tour of Flat C.

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*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.

11/13 Pratt Street, Camden, London NW1 0AE