Bustling and vibrant London Fields location close to Broadway Market and Hackney Central in East London
Approximately 2,005.55 sq. m. (21,583 sq. ft.) of accommodation over ground, lower ground and basement floors
Attractive and desirable flexible accommodation currently providing 15 units
VAT Free Opportunity
Suitable for a variety of creative uses such as office, studios, storage etc.
Immediate Asset Management opportunities
Lot 14
Auction 12th July 2022
Vacant Possession
Status Sold Prior
Price
Sector Office
Auction Venue Live Streamed Auction
On the Instructions of Administrators
Property Information
Location
Miles
1 miles east of Dalston
1 mile north of Bethnal Green
Roads
A10, A11
Rail
London Fields (Overground)
Air
London City Airport
Situation
Hackney is a bustling North-East London suburb approximately 3 miles north-east of the City of London. The property is located on the east side of Gransden Avenue immediately to the west of Mare Street and within close walking distance of London Fields (2 minute walk) and Hackney Central (11 minute walk) Overground Stations, which provide direct access to Liverpool Street Station, east and west London. The area has become very popular amongst creative occupiers from the Arts as well as the food and beverage sector and has seen continued growth and development for the last decade.
Tenure
Virtual Freehold. Each unit is held for a term of 999 years from 30th August 2018 at a peppercorn rent per annum. Full information is available within the Legal Pack.
Location
Miles
1 miles east of Dalston
1 mile north of Bethnal Green
Roads
A10, A11
Rail
London Fields (Overground)
Air
London City Airport
Situation
Hackney is a bustling North-East London suburb approximately 3 miles north-east of the City of London. The property is located on the east side of Gransden Avenue immediately to the west of Mare Street and within close walking distance of London Fields (2 minute walk) and Hackney Central (11 minute walk) Overground Stations, which provide direct access to Liverpool Street Station, east and west London. The area has become very popular amongst creative occupiers from the Arts as well as the food and beverage sector and has seen continued growth and development for the last decade.
Tenure
Virtual Freehold. Each unit is held for a term of 999 years from 30th August 2018 at a peppercorn rent per annum. Full information is available within the Legal Pack.
Description
This recently developed property provides attractive, modern and flexible accommodation currently arranged as 15 units over ground, lower mezzanine, lower ground and basement floors, and forms part of a wider residential apartment block (which is not included within this sale). The units are suitable for a range of business uses to include office, retail and storage (subject to the appropriate planning consents). The majority of the units have individual private entrances and all benefit from kitchenette and WC facilities within each unit. Access to the lower ground floor units is provided by a DDA compliant passenger lift.
The property will be offered with full vacant possession.
VAT
VAT is not applicable to this lot.
Note
This property is being marketed for sale on behalf of Administrators and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Administrators are acting without personal liability. The Administrators are not bound to accept the highest or any offer. The special conditions and transfer for any sale will give no title guarantee and will exclude the personal liability of the administrators.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
This recently developed property provides attractive, modern and flexible accommodation currently arranged as 15 units over ground, lower mezzanine, lower ground and basement floors, and forms part of a wider residential apartment block (which is not included within this sale). The units are suitable for a range of business uses to include office, retail and storage (subject to the appropriate planning consents). The majority of the units have individual private entrances and all benefit from kitchenette and WC facilities within each unit. Access to the lower ground floor units is provided by a DDA compliant passenger lift.
The property will be offered with full vacant possession.
VAT
VAT is not applicable to this lot.
Note
This property is being marketed for sale on behalf of Administrators and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Administrators are acting without personal liability. The Administrators are not bound to accept the highest or any offer. The special conditions and transfer for any sale will give no title guarantee and will exclude the personal liability of the administrators.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Floor Areas Approx sq m
Floor Areas Approx sq ft
4
Ground Lower Mezzanine Basement
108.31 47.00 99.42
(1,165) (506) (1,070)
5
Ground Lower Mezzanine Basement
51.69 32.10 69.00
(556) (345) (742)
6
Ground Lower Mezzanine Basement
57.10 34.40 89.50
(614) (370) (963)
7
Ground Lower Mezzanine Basement
80.60 47.00 149.60
(867) (506) (1,610)
8
Lower Ground
105.40
(1,134)
9
Lower Ground
82.10
(884)
10
Lower Ground
86.10
(927)
11
Lower Ground
88.10
(949)
13
Lower Ground
82.83
(892)
14
Lower Ground
68.50
(737)
15
Lower Ground
66.20
(712)
16
Lower Ground
113.00
(1,216)
18
Lower Ground
185.80
(2,000)
19a
Ground
136.20
(1,466)
19b
Lower Ground
125.60
(1,352)
Total Approximate Floor Area (1)
2,005.55
(21,583)
(1) Please note all floor areas stated are Gross Internal Areas (GIA).
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.
