Victorstone are delighted to bring to market this wellproportioned two double bedroom exlocal authority lateral apartment situated in a mid-rise purpose built block in a desirable Hoxton location.
Due to the districts close proximity to the technology hub of Old Street, the City of London, and City University, Hoxton truly is one of Hackneys most sought after locations. Not only are Hoxton and Shoreditch renowned being the home to many of the countrys most exciting start-up enterprises but also as two of the most exciting nightlife haunts in the entire capital.
Boasting a variety of independent boutique shops, ground-braking restaurants and a wealth of pubs, clubs and bars there is never a dull moment. The area is arguably the centre of the East London scene.
The property has excellent transport links with Old Street underground Station (Northern Line & National Rail) less than 5 minutes walk away and several major bus routes can be found on nearby City Road and New North Road.
The apartment is situated on the 5th floor of a well-maintained 1970s mid-rise block and accessed via a lift. The property presents in reasonable condition with no obvious immediate works required.
A bright and spacious apartment boasting generous rooms proportions offering versatile living accommodation throughout and exceeding over 650 square feet of internal living space. The property briefly comprises; 2 large double bedrooms, a sizable reception room, separate kitchen (with potential to convert into an eat-in kitchen/ diner), light and airy family bathroom (with separate WC), ample storage and access to a shared balcony. The property further benefits from gas central heating, double glazed windows, on-street and estate parking (un-designated), entry phone, estate CCTV and communal gardens.
Hoxton has a high number of resident students young professionals resulting in high-demand for house sharers and individual rooms to let. Subject to the necessary licensing approval (i.e. HMO/ selective) this unit has potential to be a high yielding investment property. Details of the current rental income are available upon request.
Offered to market chain free and with the option of being sold with tenants in situ or with vacant possession. This versatile property should appeal to investors or owner occupiers alike.
Freeholder - Hackney Leasehold - 95/ 125 years remaining Ground Rent - £10 Per annum Service Charge - Circa £1,500 Per annum *Council tax band B Hackney £817.77 pa
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Guide Price: The “Guide Price” an indication of the seller’s minimum acceptable price at auction. The guide price can be shown in the form of a minimum and maximum price range, or as a single price figure. This is subject to change up to and including the day of the auction and will not necessarily be the final selling price at auction.
Reserve Price: The “Reserve Price” is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. This is normally set within the guide price range or within 10% of a single guide price. The reserve price is not disclosed and is subject to change up to and including the day of the auction.
Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
Total annual consumption (in cubic meters) is then averaged into a monthly cost.
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The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.
Full information on Council Tax discount entitlements can be found on the Gov.UK's website.