1 March 2023: Wednesday 01 March 2023 - 9:00am
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    Key features

    • Development potential to self contain the upper parts for residential use (subject to the requisite consents)
    • Instant asset management potential in its current use
    • Potential to be utilised for alternative uses (subject to the requisite consents)
    • 4 rooms, domestic kitchen, Lounge and 2x Bathrooms in the upper 2 floors
    • Benefits from a rear garden.
    • In need of renovation
    • 6 week completion

    Description

    A semi-detached three storey building, constructed beneath a pitched slate tiled covered roof. The property benefits from a yard area to the rear.

    Possible options have been reviewed by the vendor to convert the property into a number of residential dwellings.

    • Using the existing building to convert into 3 self-contained flats
    • Retaining the existing building façade and convert into 5 self-contained flats
    • New build to produce 8 to 9 flats

    All of the above is subject to the requisite consents and can not be relied on - any incoming purchaser must do their own due diligence.

    Additional information

    Tenure

    Freehold.

    Accommodation

    The property has not been internally inspected but believed to comprise of


    Ground Floor - A largely open plan trading area decorated in a traditional style with a bar servery and set of customer WC’s

    First Floor - Kitchen, two double bedrooms, lounge and a bathroom

    Second Floor - Two double bedrooms and a bathroom


    Notes

    Joint Auctioneer

    Panayiotis Themistocli

    panayiotis.themistocli@agg.uk.com

    M: 07973 856 232


    Please note the site areas provided are approximate. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard.


    VAT may be applicable on this lot please refer to the legal pack


    We believe that the property is currently squatted and completion will be subject to vacant possession being achieved (please refer to the legal pack for further information)

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property lies within an area administered by the London Borough of Southwark approximately 3.5 kilometres (two miles) south of central London (Charing Cross).

      The building fronts Hillingdon Street at its junction with Lonsdale Close and is surrounded by predominantly low-medium rise residential accommodation.

      The site lies circa 200 metres to the west of Walworth Road (A215).

      Transport

      Underground - Kennington (Northern)

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums