The former Shoreditch underground station has been sold by TfL to an anonymous buyer for £665,000.
The 1,688 sq. ft. space, at the junction of Code Street and Pedley Street, was being offered to private bidders at a starting price of £180,000.
Potential buyers had been viewing the disused station – named Lot 76 – all weekend in preparation for this week’s auction.
The station closed in 2006 as a result of the regeneration of the East London Line, and was replaced by a new station on Shoreditch High Street. Before that it was only open for two hours a day and offered a limited service along the old tube line.
The single-floor building consists of a ticket office, lobby area, storerooms, plant rooms and a toilet.
Locals are anticipating a new bar or restaurant for the area. Andrews & Robertson, the auctioneers and surveyors in charge of the sale were promoting the former station as “suitable for alternative use”.
There is much local speculation about the new owner of the site. Jimhead tweeted “If Old Shoreditch Underground Station is renovated into an All Saints I will not be impressed.” Whilst martinbeckford joked whether “any rich hipsters” on Twitter had bought the lot.
As plans for “Boxpark” – the first pop-up shopping mall for independent businesses – were announced last week, many locals hope that the old station will be put to a similar use, rather than becoming another High Street chain.