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Post by Deleted on Nov 26, 2010 23:31:27 GMT
About a month ago i was walking past the old Shoreditch tube station and i saw a sign outside saying the building is up for auction, does anyone know if the building has been sold and possibly what further use it could find.
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Chris M
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Post by Chris M on Nov 26, 2010 23:37:31 GMT
I half heard something about it possibly becoming an art gallery or something. At least the conversation I overheard was talking about an art gallery in an old station and about Shoreditch, however I'm not certain whether the two were linked or not.
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Post by bassmike on Nov 27, 2010 12:41:37 GMT
would the sale include the ground area under the building? I would think that as the building is mostly supported on girders of probably questionable condition,it would only appeal to a limited range of buyers.
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Post by Deleted on Nov 27, 2010 17:42:06 GMT
Apparently, the locals wanted it as a community centre.
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Post by Deleted on Dec 7, 2010 19:28:33 GMT
Apparently, the locals wanted it as a community centre. Wouldn't that be the same as an art gallery in that part of town? |
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Post by Deleted on Dec 7, 2010 19:39:40 GMT
Apparently, the locals wanted it as a community centre. Wouldn't that be the same as an art gallery in that part of town? Ouch!   ;D |
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Post by Deleted on Dec 7, 2010 21:30:14 GMT
I'd heard that it might get turned into some kind of trendy bar .... though why the area should need any more of same beats me ....
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Post by Tubeboy on Dec 18, 2010 11:53:38 GMT
Apparently, the locals wanted it as a community centre. Wouldn't that be the same as an art gallery in that part of town? Totally agree with you Innocentabroad. What about a Youth Centre, so the kids round there can have something to do. Instead of yet another Wine Bar/Art Gallery/Cultural Centre which are the same thing anyway. |
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Post by ducatisti on Feb 7, 2011 11:44:51 GMT
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Post by Deleted on Feb 7, 2011 20:21:02 GMT
And only £180K! The exterior shot shown makes it appear that it is already an "art gallery". |
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Ben
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Post by Ben on Feb 8, 2011 9:56:02 GMT
Anyone plucked up the courage to go to a visit of it? Seems theres one tomorrow at 11:30 ;D
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Post by Deleted on Feb 12, 2011 23:21:37 GMT
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Post by phillw48 on Feb 21, 2011 10:29:07 GMT
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Post by v52gc on Feb 22, 2011 10:41:05 GMT
Sold for £665,000
Bit more then the estimate! Somebody wanted it...
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Post by Tubeboy on Feb 22, 2011 11:44:43 GMT
..........Badly!!!!
Sheesh, thats almost four times the estimate. Will they ever get their money back?
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slugabed
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Post by slugabed on Feb 22, 2011 13:17:18 GMT
In my limited experience of property auctions,when the market is a bit "flat" they put the "guide price" (whatever that is supposed to mean) low,so that more bargain-hunters are attracted to the auction.
The auctioneers then hope that the larger crowd of interested parties will push the bidding up.
I've seen lots sell for ten times the "guide price" on several occasions....
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Post by ianvisits on Jun 1, 2011 15:06:19 GMT
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Post by Deleted on Jun 1, 2011 17:11:44 GMT
Six hundred thousand quid!!?? Looks like a few 'partays' go on there too! Interesting what they've done with the space underneath! |
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Post by bassmike on Jun 1, 2011 19:20:00 GMT
full of urban w---ers by the look of it.
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Post by Deleted on Jun 1, 2011 19:23:12 GMT
Six hundred thousand quid Staggering and utterly ridiculous......one of these days very soon the bottom's going to fall out of the London property market. A combination of greed and unrealistic valuation by home owners and lending institutions has made its unsustainable. What's going to happen when, inevitably, a future wave of first time buyers can only manage to raise half what people are demanding for property? Property price dominoes, that's what. All fall down. London prices are completely out of control and this Shoreditch thing just about sums it up. If I were a youth, I'd wait just a little bit longer before buying in the capital. You'll probably get a bargain as it all crashes around our ears. |
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slugabed
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Post by slugabed on Jun 1, 2011 19:40:48 GMT
Problem is,if property prices in London consistently out-perform inflation,it will be used as a piggy-bank by the whole world...like those investing in Pre-Raphaelite paintings that now go for tens of millions.
Should this be the case,the buying-power of first-time buyers is beside the point,and people will just have to rent,knowing they will probably never be able to afford to buy,and they will just be keeping the property "warm" for the owner until they decide to sell and capitalise on the increased value.
This is the scenario in many other countries and was normal for most people in London before the First World War....we have lived through exceptional times,and they may not ever come back....
....Or the property market COULD crash as investors find something which gives even better returns (A-Stock luggage racks??) and withdraw their capital,and sanity may return; but not without great wailing and gnashing of teeth from investors who get burnt....
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Post by bassmike on Jun 2, 2011 11:22:57 GMT
mention of london prices and crashing around our ears re-inforces a comment I made some time ago about the support girders under old shoreditch station. The pictures show that paint of a bilious red colour has been applied just far enough under the edges to be visible from a distance, but from what you can see from the below views the rest looks faily neglected.
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;D 
