50 Green Lanes, Newington Green, London N16 9NH
- PROPERTY TYPE
Residential Development
- SIZE
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Key features
- A freehold three storey building currently arranged to provide a ground floor commercial unit and three residential units
- Ground floor commercial unit and flat vacant
- Two upper flats subject to long leases
- Consented development with permission granted to provide four apartments (one x one bed, two x two beds and one x three bed)
- Located on Green Lanes, Stoke Newington around 0.1 miles from Newington Green
- The development will provide a total of 3,002 square feet (279 square metres) NIA of accommodation
- Six weeks completion available
Description
StrapLine
Auction Sale - 28/05/2025Of interest to developers - A freehold mixed use building with planning permissions for conversion of the ground floor to residential units and the addition of further flats on the rooftop. Two flats sold on leases. Remainder vacant.
Description
The property comprises a three storey mixed use building arranged over three floors under a pitched roof. The ground floor currently consists of a one bedroom apartment, a self-contained commercial unit, and a rear yard. The uppers two floors comprise two apartments that are sold off on long leases. The building benefits from a right of way over the land to the right hand side (see title plan).
Location
The property is located within a three-storey block facing Green Lanes, Stoke Newington. Stoke Newington is a vibrant and popular part of north London.
Transport
The area is well served by public transport with Canonbury station, Dalston Kingsland station and Dalston Junction station all within walking distance.
Tenancy
Flats 50A and 50B on the first floor are subject to a single lease for a term of 999 years at a peppercorn rent.
Accommodation
The ground floor currently consists of a one bedroom apartment, a self-contained commercial unit, and a rear yard. The uppers two floors comprise two apartments that are sold off on long leases.
Planning
Local Planning Authority
The London Borough of Hackney
E.
T.
The property benefits from three planning consents which are summarised as follows.
2023/1052 and 2024/1628 (Ground Floor)
Prior Approval (Class MA) for change of use from office (Class E) to residential. The ground floor has then been granted full planning permission to reconfigure and extend the ground floor to create two x two bedroom apartments. Both apartments benefit from a private garden area.
2024/1717 (Airspace)
Prior approval for the erection of two additional storeys to create two apartments. The apartments would be arranged as one x one bedroom and one x three bedroom flat.
We are informed that there are two s.106 agreements with a combined cost of £1,110 which are monitoring costs. The CIL payment is expected to be approximately £58,000.
50 Green Lanes, Newington Green, London N16 9NH
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Canonbury Station0.4 miles
- Dalston Kingsland Station0.6 miles
- Dalston Junction Station0.7 miles
Notes
Disclaimer - Property reference 188-16435. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills Auctions, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills Auctions, London on 020 3909 6715.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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