- An opportunity to acquire a vacant mixed-use property in Newington Green, N1.
- The property is located 0.4 miles from Canonbury Station (Overground) and 0.5 miles from Dalston Kingsland Station (Overground).
- The property comprises a former restaurant over the ground floor & basement, with the upper parts arranged as a four bedroom maisonette over the first and second floors.
- Total existing GIA 2,349 sq ft.
- Planning permission was granted in November 2024 for the change of use of the basement and ground floor from Class E to residential (Class C3) in connection with the amalgamation with the residential flat above to create a single 5 bed dwelling (Islington Council Ref: P2024/1657/FUL)
- Total proposed GIA 2,573 sq ft.
- Prior Approval was also granted in May 2023 for the change of use of the lower ground and ground floors from commercial (Class E) to provide 1 x 2 bed self-contained flat (Class C3) (Islington Council Ref: P2023/0868/PRA).
- There is further value add potential to convert the loft under PD rights.
- Sold with the benefit of vacant possession.
- Freehold.
Guide Price - Offers in Excess of £1,300,000 (One Million Three Hundred Thousand), reflecting a low capital value of £553 psf.
