Lot 51 600 Kingsland Road, Dalston, E8 4AH

Property Enquiries

Oliver Childs

oliver.childs@bidx1.com
+44 (0) 7732 681 150

Viewing/ Registration Enquiries

BidX1 Support Team

info@uk.bidx1.com
+44 (0) 20 7703 4401

Vendor Solicitor

Rebecca Balmforth

rbalmforth@brecher.co.uk
020 3696 9282
Description
Map
Viewings

Addendum
Part 1 of CONDITION G11 applies but only ARREARS accruing between exchange of contracts and actual completion will be payable by the Buyer to the Seller on actual completion.
Property Summary
  • By order of the LPA Receivers
  • Long leasehold first, second and third floors arranged as 18 self-contained flats (17 x studio's and 1 x one bedroom)
  • Currently producing £171,879.60 per annum
Tenure

Long leasehold for a term of 999 years from 06/07/2017

Location

The property is prominently situated on the east side of Kingsland Road at the junction with Dalston Lane, in a mixed commercial and residential area and adjoining Dalston Junction overground station.

Description

The property comprises 18 flats (17 x studio's and 1 x one bedroom) arranged over the first, second and third floors forming part of a larger corner building.

Planning

The property has planning consent for 17 flats.  For further information contact Hackney Council (020 8356 8062) www.hackney.gov.uk

VAT
VAT Not Applicable.
Property Table
UnitAccommodationTenancyRent
Flat 1Studio flatAST for a term of 12 months from 20/02/2017 (holding over)£13,382.16
Flat 2Studio flatAST for a term of 12 months from 03/02/2017 (holding over)£13,382.16
Flat 3Studio flatVacantVacant
Flat 4Studio flatAST for a term of 12 months from 15/07/2019 (holding over)£12,000
Flat 5Studio flatAST for a term of 12 months from 13/10/2016 (holding over)£13,382.16
Flat 6Studio flatAST for a term of 12 months from 21/11/2019£13,382.16
Flat 7Studio flatAST for a term of 12 months from 21/11/2019£14,198.16
Flat 8Studio flatAST for a term of 12 months from 08/04/2014 (holding over)£13,249.56
Flat 9Studio flatAST for a term of 12 months from 15/09/2018 (holding over)£10,716
Flat 10Studio flatVacantVacant
Flat 11Studio flatAST for a term of 12 months from 18/06/2015 (holding over)£13,382.16
Flat 12Studio flatAST for a term of 12 months from 16/03/2020£11,400
Flat 131 bedroom flatAST for a term of 12 months from 05/03/2017 (holding over)£15,000
Flat 14Studio flatVacantVacant
Flat 15Studio flatAST for a term of 12 months from 28/06/2019 (holding over)£14,197.08
Flat 16Studio flatAST for a term of 12 months from 05/02/2020£14,208
Flat 17Studio flatVacantVacant
Flat 19Studio flatVacantVacant

*Terms and Conditions

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,000 (inclusive of VAT) charged by BidX1. In the case of a joint agent this administration fee will be £2,000 (exclusive of VAT). In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount from all bidders. This participation amount is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,500 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee of £1,000 inc. VAT payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.


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