A 47-square-foot store room in Highbury, London, is up for auction for £15,000—billed as a "flat." Hidden costs and a 999-year lease make it a surprising deal for commuters. A 47-square-foot store room in Highbury, London, is up for auction for £15,000—billed as a "flat." Hidden costs and a 999-year lease make it a surprising deal for commuters.

Cheeky landlord lists STORE ROOM as flat for £15,000… and there are hidden costs too

A 47-square-foot store room in Highbury, London, is up for auction for £15,000 – billed as a “flat.” Hidden costs and a 999-year lease make it a surprising deal for commuters.

A cheeky landlord has put a store room on sale for £15,000 – and it’s listed as a flat.

From the outside, the ‘property’ looks just like any other London townhouse apartment.

But upon further inspection, it measures just 47 square feet, as reported by Luxury Property News.

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Not only is the property marketed as a flat, it is currently being used as a store room.

A 47-square-foot store room in Highbury, London, is up for auction for £15,000—billed as a "flat." Hidden costs and a 999-year lease make it a surprising deal for commuters.
Storage space in the flat. (Jam Press/Auction House London)

And the ‘home’, located in Highbury, north London, is currently full to the brim.

The store room is on the first floor “within a mid terrace building”.

It is set to be sold by auction by Auction House London Hampstead for a starting price of £15,000.

But the sneaky hidden conditions of the tenancy mean you’ll be forking out more than you bargained for.

In fact, the property is on a new lease of a whopping 999 years.

A 47-square-foot store room in Highbury, London, is up for auction for £15,000—billed as a "flat." Hidden costs and a 999-year lease make it a surprising deal for commuters.
Storage space in the flat. (Jam Press/Auction House London)

It will be subject to a tenancy that has to generate £12,000 per year – costing the owner of the store room £100 a month.

Some may say it’s a steal for a store room in the capital.

And it could be dreamy if you’re a commuter.

Arsenal and Drayton Park Tube stations are nearby.

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