Unsold. Contact the auctioneer.Guide Price = £250,000+
*For Sale By Online PublicAuction 17th April 2024 08:45 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Virtual Freehold Roof Space Offered with Prior Approval Consent for a Single Storey Extension to Create Seven Additional Flats (5 x Two Bedroom, 2 x One Bedroom)
Tenure Leasehold. The property is held on a 999 year lease from 17th February 2017 (thus approximately 992 years unexpired).
Location The property is situated on a residential road close to local shops and amenities. The open spaces of Whittington Park are within easy reach. Transport links are provided by Holloway Road underground station (Piccadilly line) and Drayton Park rail station.
Description The property comprises the roof space above the existing building which is currently arranged over ground and four upper floors.
Note We understand from the vendor that the freeholder has given consent for the development. A fire strategy and structural report is available within the legal pack.
Note PlanningIslington Borough Council granted the following planning permission (ref: P2021/2101/FUL) on 15th February 2022: 'Proposed mansard extension with dormer windows to create 7 self contained flats (3no. x 2 bedroom 4-person units, 2no. x 2 bedroom 3-person units and 2no. x 1 bedroom 1-person units) on the existing flat roof, plus associated amenity space, lift shaft extended and reinstated, existing chimneys to be extended above proposed roof level, water tanks replaced and cycle storage and refuse storage'.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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