Freehold Central London Residential Development Opportunity
Highly Fashionable and Busy North London Location
Approximately 100 metres from Camden Town Station
Residential Planning Consent Granted for 1 x 2 Bed Self-Contained Flat, 2 x 1 Bed Self Contained Flat and 1x 2 Bed Garden Flat (garden flat completed)
Lot 15
Auction 13th December 2021
Vacant Possession
Status Sold
Price £1,255,000
Sector Residential
Auction Venue Live Streamed Auction
Property Information
Location
Miles
0.5 miles north-east of Regents Park
1.5 miles north of London's West End
Roads
Camden Road (A503),
Camden High Street (A502), A400
Rail
Camden Town Underground Station
(Northern Line), Camden Road Overground Station, London Euston and London King's Cross/St Pancras Railway Stations
Air
London City Airport, London Heathrow Airport
Situation
Camden is a highly fashionable and cosmopolitan North London suburb famous for its markets and Camden Lock which draws a large tourist population to the area. The property is prominently located on the south side of the busy Camden Road, approximately 100 metres from Camden Town Underground Station. Neighbouring occupiers include, Sainsbury's, HSBC, NatWest, Barclays, Subway and a vibrant mix of street markets and independent retailers.
Tenure
Freehold.
Location
Miles
0.5 miles north-east of Regents Park
1.5 miles north of London's West End
Roads
Camden Road (A503),
Camden High Street (A502), A400
Rail
Camden Town Underground Station
(Northern Line), Camden Road Overground Station, London Euston and London King's Cross/St Pancras Railway Stations
Air
London City Airport, London Heathrow Airport
Situation
Camden is a highly fashionable and cosmopolitan North London suburb famous for its markets and Camden Lock which draws a large tourist population to the area. The property is prominently located on the south side of the busy Camden Road, approximately 100 metres from Camden Town Underground Station. Neighbouring occupiers include, Sainsbury's, HSBC, NatWest, Barclays, Subway and a vibrant mix of street markets and independent retailers.
Tenure
Freehold.
Description
See legal pack.
VAT
VAT is not applicable to this lot.
Planning
The London Borough of Camden has granted consent under planning reference 2018/1126/L dated 19/03/2018 for the conversion of building 1x 2 bedroom self-contained flat to 2x 1 bedroom self-contained flats and 1x 2 bedroom maisonette. The works were undertaken and completed. However the upper floors have since been stripped out.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
See legal pack.
VAT
VAT is not applicable to this lot.
Planning
The London Borough of Camden has granted consent under planning reference 2018/1126/L dated 19/03/2018 for the conversion of building 1x 2 bedroom self-contained flat to 2x 1 bedroom self-contained flats and 1x 2 bedroom maisonette. The works were undertaken and completed. However the upper floors have since been stripped out.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Lower Ground (Rear)
Residential
1 x 2 bedroom flat and garden
VACANT POSSESSION
First
Residential
Former 1 bedroom flat
VACANT POSSESSION
Second & Third
Residential
Former 3 bedroom Maisonette
VACANT POSSESSION
Ground Lower Ground (Front)
Retail Ancillary
50.00 sq m 22.00 sq m
(538 sq ft) (237 sq ft)
INDIVIDUAL
999 years from December 2021 at a peppercorn rent (1)
Total Commercial Floor Area
72.00 sq m
(775 sq ft)
(1) The commercial element of the property was sold at the Acuitus Auction conducted on the 4th November 2021. The sale is due to complete on the 16/12/2021
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
