£300,000
1 bedroom Residential development for sale
Islington, N1 2SJ
house 
1 bedroom Property description
LOT 27 *FOR SALE BY ONLINE AUCTION* on 17th September 2025
Long Leasehold Vacant Shop and Basement with Consent for Conversion into a One Bedroom Self-Contained Flat
Conveniently situated near to the junction with Cross Street, close to a good range of shops, bars and restaurants available on Upper Street including Angel Underground Station (Northern Line) and Essex Road Train Station. Barnard Park is also nearby.
A Terrace Ground Floor Shop and Basement with accommodation arranged on Two Floors comprising:
Ground Floor Shop Premises
Two Rooms
Lower Ground Floor
Two Basement Rooms
Shower Room/WC
Courtyard at Rear
Commercial EPC Rating: G
Prior approval consent has been granted by London Borough of Islington on 29th July 2025 for the Change of Use of Ground Floor and Basement from Class E (Retail) to Class C3 (Dwellinghouses) to provide a One Bedroom Self-Contained Flat. Copies of the plans and consent are available for inspection. (Planning Reference: P2025/1604/PRA).
Leasehold. A new 999 year lease is to be granted at a peppercorn ground rent.
Note 1: Plans have been drawn up for an extension scheme to convert the property into a Two Bedroom Split level flat of approximately 775 sq ft. This does not have permission and will be up to the buyer to apply.
Note 2: The Freehold will be offered to the lessees after the auction, subject to the section 5 process. Please see special conditions of sale for further information.
Tenancy
Vacant Possession
Inspection:
By arrangement with Joint Agent
Henshall & Partners
*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Guide prices will be continually updated on our website up until the day of the auction.
There is a buyers fee payable to McHugh & Co of £1,200 incl. VAT for lots sold over £10,000. Lots sold for less than £10,000 a buyers fee of £300 incl. VAT is to be paid to McHugh & Co.
The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the special conditions of sale available in the legal documentation. Buyers are deemed to bid in full knowledge of this.
Long Leasehold Vacant Shop and Basement with Consent for Conversion into a One Bedroom Self-Contained Flat
Conveniently situated near to the junction with Cross Street, close to a good range of shops, bars and restaurants available on Upper Street including Angel Underground Station (Northern Line) and Essex Road Train Station. Barnard Park is also nearby.
A Terrace Ground Floor Shop and Basement with accommodation arranged on Two Floors comprising:
Ground Floor Shop Premises
Two Rooms
Lower Ground Floor
Two Basement Rooms
Shower Room/WC
Courtyard at Rear
Commercial EPC Rating: G
Prior approval consent has been granted by London Borough of Islington on 29th July 2025 for the Change of Use of Ground Floor and Basement from Class E (Retail) to Class C3 (Dwellinghouses) to provide a One Bedroom Self-Contained Flat. Copies of the plans and consent are available for inspection. (Planning Reference: P2025/1604/PRA).
Leasehold. A new 999 year lease is to be granted at a peppercorn ground rent.
Note 1: Plans have been drawn up for an extension scheme to convert the property into a Two Bedroom Split level flat of approximately 775 sq ft. This does not have permission and will be up to the buyer to apply.
Note 2: The Freehold will be offered to the lessees after the auction, subject to the section 5 process. Please see special conditions of sale for further information.
Tenancy
Vacant Possession
Inspection:
By arrangement with Joint Agent
Henshall & Partners
*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Guide prices will be continually updated on our website up until the day of the auction.
There is a buyers fee payable to McHugh & Co of £1,200 incl. VAT for lots sold over £10,000. Lots sold for less than £10,000 a buyers fee of £300 incl. VAT is to be paid to McHugh & Co.
The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the special conditions of sale available in the legal documentation. Buyers are deemed to bid in full knowledge of this.
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First listed
YesterdayIslington, N1 2SJ
Marketed by
McHugh & Co - London Auctions 71 Parkway Camden Town, London NW1 7PPCall agent on 020 8022 7464
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