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Ground Floor and Basement at 103... Residential development for sale
Ground Floor and Basement at 103 Essex Road, Islington, N1 2SJ
£300,000
Ground Floor and Basement at 103 Essex Road, Islington, N1 2SJ
£300,000
Our Summary
- LOT 27 *FOR SALE BY ONLINE AUCTION* on 17th September 2025Long Leasehold Vacant Shop and Basement with Consent for Conversion into a One Bedroom Self-Contained FlatConveniently situated near to the junction with Cross Street, close to a good range of shops, bars and restaurants available on Upper Street including Angel Underground Station (Northern Line) and Essex Road Train Station
- (Planning Reference: P2025/1604/PRA)
- Note 2: The Freehold will be offered to the lessees after the auction, subject to the section 5 process
- They are not necessarily figures which a property will sell for and may change at any time prior to the auction
- Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide
- Guide prices will be continually updated on our website up until the day of the auction
Description
This vacant shop and basement on Upper Street, Islington, is being sold by online auction on September 17th, 2025, with a guide price of £450,000. The property has a long leasehold with a new 999-year lease to be granted at a peppercorn ground rent. The shop and basement currently have two rooms on the ground floor and two basement rooms, with a shower room/WC, and a courtyard at the rear. Prior approval has been granted to convert the property into a one-bedroom self-contained flat, with plans available for inspection. The property is conveniently located near Angel Underground Station and Essex Road Train Station, with a range of shops, bars, and restaurants nearby. The freehold will be offered to the lessees after the auction, subject to the section 5 process.