Home » Property Search » Auctions » 13/12/16 » 89 Lauriston Road, Hackney, E9 7HJ

Lot 29 - 89 Lauriston Road, Hackney, E9 7HJ

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FREEHOLD COMMERCIAL/RESIDENTIAL INVESTMENT

Guide price: £1.1m - £1.2m *

Auction Date

Tuesday, 13th December 2016 11:00am

Location & Description

A four storey period building within the conservation area of Victoria Park Village comprising a ground floor/basement retail premises and four self contained flats, on the east side of Lauriston Road within a parade of local businesses close to the junction with Victoria Park Road about 3 miles east of the City.
Victoria Park and many local bars and cafes are within the immediate area.

Note

An application has been submitted to the L. B. of Hackney for a certificate of lawful use for the flats

EQUIVALENT TO £39,640 p.a.

Property Features

  • Desirable Victoria Park Village Location
  • Rarely Available Freehold
  • Redevelopment Potential (STPP)
  • Rear Mews Access
  • Close to Public Transport

Result

Sold £1,100,000

Addendum

"The seller has advised that, without prior consultation, the Council has decided to refuse the established use application on the grounds of lack of information. The seller , who has used the building substantially in its current format for over 25 years , has now submitted an appeal with a relevant information pack and a statutory declaration.

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.

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* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.