Freehold London Residential Development Opportunity
Popular and Affluent North London Suburb
Residential Development Potential (subject to consents)
150m from Finsbury Park Train Station and 100m from the Popular Retail Fashion Hub of Fonthill Road
Neighbouring Occupiers include Starbucks, Superdrug, Nisa Local, M&S Food and Gails as well as an Eclectic Mix of Local Retailers
Lot 6
Auction 25th September 2024
Vacant Possession
Status Available
Guide* £650,000 - £700,000
Sector High Street Retail/Residential/Development
Auction Venue Live Streamed Auction
Property Information
Location
Miles
3 miles north of the City of London,
Road
A1, A1201, A503, B150
Train
Finsbury Park Train Station (Piccadilly, Victoria and Overground)
Air
Heathrow Airport, London City Airport
Situation
Finsbury Park is an affluent and popular north London suburb, which has benefitted from significant recent investment and development . The property is prominently situated on the south side of the busy Clifton Terrace, 150m from Finsbury Park Station and 100m from the popular retail fashion hub of Fonthill Road. Neighbouring occupiers include Starbucks, Superdrug, Nisa Local, M&S Food and Gails as well as an eclectic mix of local retailers.
Tenure
Freehold.
Location
Miles
3 miles north of the City of London,
Road
A1, A1201, A503, B150
Train
Finsbury Park Train Station (Piccadilly, Victoria and Overground)
Air
Heathrow Airport, London City Airport
Situation
Finsbury Park is an affluent and popular north London suburb, which has benefitted from significant recent investment and development . The property is prominently situated on the south side of the busy Clifton Terrace, 150m from Finsbury Park Station and 100m from the popular retail fashion hub of Fonthill Road. Neighbouring occupiers include Starbucks, Superdrug, Nisa Local, M&S Food and Gails as well as an eclectic mix of local retailers.
Tenure
Freehold.
Description
The property is a two storey former industrial building comprising two ground floor retail units and self contained offices on the first floor. The property has potential for residential development (subject to consents).
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property is a two storey former industrial building comprising two ground floor retail units and self contained offices on the first floor. The property has potential for residential development (subject to consents).
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas (Approx sq ft) (1)
Possession
Ground
Retail
95.20
(1,025)
VACANT POSSESSION
Ground
Retail
44.26
(476)
VACANT POSSESSION
First
Office
49.54
(533)
VACANT POSSESSION
Total Approximate Floor Area
189.00
(2,034)
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.
