24 Camden Road
Camden Town
London
NW1 9DP

Freehold Central London Residential Development Opportunity

Highly Fashionable and Busy North London Location
Approximately 100 metres from Camden Town Station
Residential Planning Consent Granted for 1 x 2 Bed Self-Contained Flat, 2 x 1 Bed Self Contained Flat and 1x 2 Bed Garden Flat (garden flat completed)

Lot
15
Auction
13/Dec/2021
Vacant Possession
Status
Available
Price*
£1,250,000
Sector
Residential
Auction Venue
Live Streamed Auction

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Photos
Map

* More information on the term "price" can be found here

Property Information

Location

Miles: 0.5 miles north-east of Regents Park; 1.5 miles north of London's West End
Roads: Camden Road (A503),; Camden High Street (A502), A400
Rail: Camden Town Underground Station; (Northern Line), Camden Road Overground Station, London Euston and London King's Cross/St Pancras Railway Stations
Air: London City Airport, London Heathrow Airport

Situation

Camden is a highly fashionable and cosmopolitan North London suburb famous for its markets and Camden Lock which draws a large tourist population to the area. The property is prominently located on the south side of the busy Camden Road, approximately 100 metres from Camden Town Underground Station. Neighbouring occupiers include, Sainsbury's, HSBC, NatWest, Barclays, Subway and a vibrant mix of street markets and independent retailers.

Tenure

Freehold.

Description

See legal pack.

VAT

VAT is not applicable to this lot.

Planning

The London Borough of Camden has granted consent under planning reference 2018/1126/L dated 19/03/2018 for the conversion of building 1x 2 bedroom self-contained flat to 2x 1 bedroom self-contained flats and 1x 2 bedroom maisonette. The works were undertaken and completed. However the upper floors have since been stripped out.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term
Lower Ground (Rear)	Residential	1 x 2 bedroom flat and garden		VACANT POSSESSION
First	Residential	Former 1 bedroom flat		VACANT POSSESSION
Second & Third	Residential	Former 3 bedroom Maisonette		VACANT POSSESSION
Ground Lower Ground (Front)	Retail Ancillary	50.00 sq m 22.00 sq m	(538 sq ft) (237 sq ft)	INDIVIDUAL	999 years from December 2021 at a peppercorn rent (1)
Total Commercial Floor Area		72.00 sq m	(775 sq ft)

(1) The commercial element of the property was sold at the Acuitus Auction conducted on the 4th November 2021. The sale is due to complete on the 16/12/2021

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.