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103c, Dalston Lane, LONDON, London, E8 1NH

12th March 2019
starts 10:00 AM at Grand Connaught Rooms
sold for
£650,000

Tenure: Freehold

Substantial freehold three floor and basement end of terrace building
Arranged as ground and basement retail unit with residential upper parts
Potential for loft extension and conversion of upper parts into two or three self contained flats (STTP)
Flank wall has advertising rights
Ground and basement let, upper parts vacant

Location:
The property is situated on the north side of Dalston Lane close its junctions with Cecilia Road.
Public transport links including a choice of Hackney Downs, Hackney Central or Dalston Kingsland Mainline Rail Stations together with a network of local bus services serving the surrounding vicinity.
The property is well situated for a network of road links including the A10 which provides access into Central London to the south and the North Circular Road and M25 Motorway to the north. An extensive range of shops, bars and restaurants can be found locally with recreational pursuits being found at the open spaces of Hackney Downs and London Fields.

Description:
Substantial freehold end of terrace building arranged over basement, ground, first and second floors providing ground and basement retail unit with residential upper parts.

Ground and basement retail unit:
Accommodation:
Ground floor: Open plan retail unit with rear room, utility room and WC.
Basement: Utility room and storage

EPC rating: C

Tenancy: The ground floor is trading as a Laundrette and is let on a 15 year lease from 2009 at rent of £960.00 per calendar month with rent review due in June 2019.

First and Second floor flat:
Accommodation:
Second floor: Three bedrooms, cloakroom/WC
First floor: Reception room, kitchen, shower room/WC

EPC rating: E

Note:
The property may be suitable for a loft extension and conversion into two or three self contained flats – Subject to usual and necessary planning permission and concerns. Prospective purchasers must rely solely upon their own enquiries in this respect.


Rent reserved: £11,520 per annum together with first and second floors vacant


To view:
27/2, 1/3, 5/3, 7/3, 11/3 at 11:30am












Important Notice:
For each Lot, a contract documentation fee of £1,150 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus makes every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers’ risk.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Lot location is based upon nearest property postcode only. Actual location of property being sold may differ.

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lot infomation last updated: 15th March 2019 at 01:47 PM
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