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Mixed Commercial and Residential Investment property

Guide price £ 585,000

Type of Sale

Private treaty sale held under Auction Contract

Key Features

  • Convenient Location: The property is situated near Clissold Park and provides easy access to Arsenal
  • New Leasehold: The property comes with a brand new leasehold with 125 years remaining
  • Private Patio Areas: The property offers two private patio areas
  • providing ample space for accommodation or a ground floor office
  • Proximity to Top-Rated Schools: Families will appreciate the proximity to top-rated schools
  • Spacious Layout: The property is set over two floors
  • The lower floor has the potential for 1 to 2 bedrooms
  • The property features a modern open-plan kitchen with access to a private patio area
  • Vibrant Neighbourhood: Residents will enjoy a vibrant neighbourhood with trendy shops

Description

98 Mountgrove Road, Highbury, Islington, London N5 2LT. This spacious property is set over two floors, offering a modern open-plan kitchen with access to a private patio area on the ground floor. Which could be used as accommodation or as a ground floor office.

The lower floor boasts a generous potential for 1 to 2 bedrooms opening onto a second patio, three bathrooms, and additional space with the potential for another bedroom or study/walk-in wardrobe (subject to planning consent).

Conveniently situated near the picturesque Clissold Park, this property provides easy access to Arsenal, Finsbury Park, and Stoke Newington stations, as well as various bus routes connecting the surrounding area.

Residents and patrons will enjoy a vibrant neighbourhood with trendy shops, bars, and restaurants within walking distance, with Stoke Newington just a stone’s throw away. Families will appreciate the proximity to top-rated schools, including the outstanding William Patten School just a short walk from the property.

Key features of this property include a brand new leasehold with 125 years remaining, the potential for three  bedrooms, three bathrooms, vacant possession, a spacious reception room, and a modern design spanning 1101 sq.ft.

The property also offers two private patio areas, with additional space for a potential bedroom or study/walk-in wardrobe (subject to planning).

Don’t miss the opportunity to view this exceptional property in a prime London location.

https://worldofauctions.co.uk/property-listings-auction-properties-grid-layout-2/

Get in touch

Edward Swindells Consultant Auctioneer & Valuer

Location

98 MOUNTGROVE ROAD, HIGHBURY, ISLINGTON, LONDON N5 2LT ///stir.powers.poster

Map

Street View

Important Notices & Guidance Notes

Important notices

Pre-registration approval to bid, guide prices, reserves, additional charges and other matters.

Pre-registration approval to bid World of Auctions now require all bidders who wish to bid at our Auctions to register. All checks required by current anti-money laundering legislation must be satisfactorily completed as part of this process before prior approval to bid will be given.

Please use the links on our website to pre-register. Following approval to bid, the buyer named in your registration cannot be changed without the consent of the auctioneers.

Guide Prices

A guide price (to include a range of prices), is not an indication of the anticipated eventual selling price or a valuation; it is an indication of the minimum price ( “the Reserve” ) at which (or range of prices within which) the seller might be prepared to sell. The eventual sale price can and frequently does, exceed the guide price.

Where a range is given, the Reserve will sit within that range and will not exceed the top end of the range. Where a single figure Guide Price is given, the Reserve will be within 10%, upwards or downwards, of that figure.

The guide price may be subject to change up to and including the day of the auction. The latest published guide price (or range of prices) is displayed on our website, and you should check the website regularly for updates and on the day of the auction.

All guide prices are quoted “subject to contract”.

Please note the guide price for the Lot does not include: – any Buyers’ Fee charged by the auctioneers; – VAT on the sale price; – SDLT or any other Government taxes.

Additional costs and fees charged by the seller or third parties that might apply to some Lots and/or some buyers.

If a guide price is listed as “TBA”, it means no guide price has been set at present. Please do call our office about this. The guide price, or range of prices, will be published online immediately it becomes available and you should check the auction website regularly for updates and on the day of the auction.

Reserve Prices

The reserve price is the minimum price at which the Lot can be sold.

Whilst every effort is made to ensure that the advertised guide prices are up to date. it is possible that the reserve price set for any Lot may exceed the previously quoted guide price. This is because the seller may fix the final reserve price just before the Lot is offered for sale and you should check the website regularly for updates and on the day of the auction.

World of Auctions, Residential and Commercial Auctions. Our content is meticulously curated by our seasoned professionals, specifically tailored for discerning property buyers. Our platform is best suited for experienced institutional or business buyers, as well as individuals equipped with the necessary knowledge and expertise to make informed purchasing decisions. We deal in properties that come with their own unique set of risks, which our sophisticated buyers understand. If you’re uncertain about meeting these prerequisites, we recommend seeking independent advice or reaching out to us directly.”

Buyers Premium 

A buyer’s premium is an additional charge that successful bidders are required to pay on top of their final bid price at a property auction. This fee is typically a percentage of the final bid and is paid directly to the auction house. It serves as a kind of commission for the auctioneer’s services. The exact percentage can vary depending on the auction house. At world of Auctions our buyers premium on Property (Real Estate sales) is normally £5000 plus vat. It is usually clearly stated in the auction’s terms and conditions. It’s crucial for bidders to factor in the buyer’s premium when determining their maximum bid, as it significantly affects the total cost of the property.

Buyers’ fees, Seller’s fees and additional charges

For each Lot, a documentation charge / Fee is payable on the fall of the hammer to World of Auctions as follows:

Residential Auctions – Lots sold for £10,000 or more: Buyers’ Fee of £1,500 inclusive of VAT.

Lots sold for less than £10,000: Buyers’ Fee of £500 inclusive of VAT.

Commercial Properties – All Lots: Buyers Fee £1,000 excluding VAT

Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts.

VAT may be chargeable in addition to the sale price for the Lot. The auctioneer will announce this and will be contained within the particulars.

Other Matters

Please note that Lots may be sold or withdrawn at any time prior to auction.

Please note that the amount of Bidder Security (payable on application to bid at the auction) and the Buyer’s Fee may be varied from the standard amounts quoted upon or website or by a member of our sales team. So please check.

Please refer to the addendum, the Particulars and/or the conditions of sale.

Mapping data licensed from Ordnance Survey with the permission of the Controller of Her Majesty’s Stationery Office. © Crown Copyright. All rights reserved. Licence number 100022432. Location plans are reproduced from the Ordnance Survey mapping with the permission of Ordnance Survey on behalf of the Controller of Her Majesty’s Stationery Office, © Crown copyright and Database Rights 2018 OS 100060020

The plans and photographs shown in the catalogue are included in order to assist you in locating the Lot in question. They are not to be taken as drawn to scale and any arrows on plans or photographs are merely to assist you in finding the Lot, not for the purpose of indicating legal boundaries or which direction the lot is facing.

The Auctioneers do not warrant or represent that any plans or photographs show the up-to-date position with regard to occupiers either for the Lot or for any other properties shown in such plans or photographs.