Lot 32
Auction
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Telephone Kiosk, outside 71 Upper Street, Islington, N1 0RN

Auction
United Kingdom
Phone Box
Commercial

*GUIDE PRICE £55,000

Bidding deposit £5,500 *fully refundable if unsuccessful bidder

Extension period added...

Auction Date 16 December
Closing Time 13:20:00 (GMT)

Available viewing

Please contact us to enquire about arranging a viewing.
Phone
+44 (0) 20 7703 4401
Email
info@uk.bidx1.com

Property Summary

  • Own an iconic piece of British Heritage located in busy Upper Street, central Islington
  • Run your own business, advertising potential or alternative uses STTP/possession
  • With retail use
  • Electricity connected
  • Completion to take place within 1 week of sale
  • Currently producing £4,320 per annum

Contact Us

Mat Harris
Mat Harris
Property Agent, here to help.

Contact Us

Mat Harris
Mat Harris
Property Agent, here to help.

Downloads

Tenure

You own the kiosk and can resell at any point, but it is heritage site, so cannot remove them or alter the exterior. The kiosk is registered as a Listed Building at Historic England (see www.historicengland.org.uk)

Property description

These historic listed "K6" red phone box or “Jubilee” kiosks, commemorating the Silver Jubilee of the coronation of King George V. These boxes are 8'3" high and 3ft square. They were originally designed by Sir Giles Gilbert Scott, who also designed Liverpool’s Anglican Cathedral, Battersea Power Station and Bankside Power Station now Tate Modern. Historic England have listed to preserve these iconic red kiosks, and many have transformed them to coffee shops, libraries, museums, bakeries, and defibrillators. In Cheltenham, 10 red phone boxes have been transformed into miniature art galleries, showcasing the work of local artists.

Already with with retail use and mains electricity - currently rented out for £4,320 pa. There is no service charge or ground rent to pay.

Location

The London Borough of Islington is a London borough in Inner London. A significant part of the southern section of the borough borders the City of London, with the area to the west bordering the London Borough of Camden. Upper Street is the main street of the Islington district of inner north London, and carries the A1 road. It begins at the junction of the A1 and Pentonville Road and City Road, and runs roughly northwards past Angel Underground station, then past the Business Design Centre, then splits at Islington Green, then past the Screen on the Green cinema, past Islington Town Hall, ending at Highbury & Islington tube station on Highbury corner, where the A1 carries on as Holloway Road. The southernmost 500 metres, from the junction to Islington Green, also known as Islington's High Street. It contains many fashionable shops, pubs, restaurants and theatres. The kiosk is located on the west side of Upper Street outside Five Guys.

VAT

VAT Not Applicable.

Accommodation

Tenure
You own the kiosk and can resell at any point, but it is heritage site, so cannot remove them or alter the exterior. The kiosk is registered as a Listed Building at Historic England (see www.historicengland.org.uk)

Planning

Islington Council (0207 5272000) www.islington.gov.uk


*Terms & 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 £1,250 (inclusive of VAT) charged by BidX1. In the case of a joint agent this administration fee will be £2,400 (inclusive 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 and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,750 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee 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. All lots sold “Subject to Vendor Confirmation” will be subject to the acceptance and confirmation by the Vendor. The highest bid will be presented to Vendor, the vendor will have to either accept, decline or make a counter offer the highest bid within the confirmation period. Should the Vendor decide to make a counteroffer, then a private link will be sent to the Highest Bidder advising the offer the Vendor is willing to accept. The Highest Bidder will have to either accept or reject the Vendor’s counteroffer. The Vendor reserves the ultimate right, apart from the auctioneer, to accept and to decline to sell to the highest or any bidder, without giving any reasons.
  8. 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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