D1 Non Residential Institutions Sold
The property is located on Woodfall Road within a popular residential area. Woodfall Park is within close proximity, located opposite the building. The location has excellent amenities within close proximity such as the shopping facilities of Stroud Green Road and good transport links. The City North regeneration scheme is also close by.
The property comprises a former school building constructed in the 1980s and benefits from D1 use. It comprises four floors with a terrace on the top floor and is built in a period style in keep with the rest of the street.
The property might be suitable for residential conversion, either as a single family dwelling or number of self-contained flats, subject to obtaining the necessary consents.
RECENT PLANNING HISTORY
REF: P2013/3519/FUL (November 2013)
Conversion of a former educational facility (Use Class D1) to 3 residential units (Use Class C3) with the following mix: 2 x 2 bedroom apartment and 1 x 3 bedroom apartment, including associated works.
Further information can be found on the Islington Council website.
Available on a freehold basis with full vacant possession.
Offers in excess of £750,000 exclusive for the freehold interest.
We have been informed that this property has not been elected for VAT
Rateable Value: £13,500
UBR (2013/2014): £0.466
Business Rates Payable: £6,291
All interested parties should make their own enquires with The London Borough of Islington to confirm this information.
This building has been rated 80 which equated to an EPC rating of D.
Each party to be responsible for their own legal costs incurred in the transaction.