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    Key features

    • To be offered on Wednesday 14 May
    • A freehold mixed-use building occupying a prominent corner plot
    • Vacant upper parts with permitted development approved for four dwellings (2 x 1 Beds and 2 x 3 bed)
    • Planning submitted for the construction of a mansard roof extension to create a 3 bedroom penthouse on the top floor
    • Forming part of a prominent high street with strong footfall
    • Ground floor retail unit let to Coral for a terms of 5 years (expiring 2030)
    • 6 week completion
    • Investment is let at £57,000 p.a. (part vacant)

    Description

    A mixed-use investment and development opportunity.

    The ground floor unit let to Coral and comprises a large trading space with toilets and staff room.

    The first floor and second floors are arranged as approximately 15 vacant rooms with adjoining corridors and stairwells. Both floors have fire exit access to the rear of the building. Both floors benefit from permitted development to change from Class E into four residential dwellings four dwellings (2 x 1 Beds and 2 x 3 bed). (please refer to the legal pack)

    The third floor of the building is currently arranged as a loft, and planning has been submitted for the construction of a mansard roof extension to create a 3 bedroom penthouse. (please refer to the legal pack)

    The basement is arranged as three rooms with approval for bin and cycle storage for two of the flats above.

    Additional information

    Tenure

    Freehold

    Accommodation

    Please refer to the legal pack

    Tenancy

    Investment let to Coral at £57,000 for a term of 5 years expiring in 2030.

    Rent

    £57,000 per annum.

    Notes

    Planning submitted to Royal borough of Greenwich Council for 'Construction of a mansard roof extension to create a 3-bedroom flat at the mansard level; other associated external and internal alterations.'

    Click here for the planning portal.


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

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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 is situated on the North side of Trafalgar Road and nearby occupiers include Co-op Food, KFC, Domino's, Iceland, Boots Pharmacy aswell as a wide selection of independent shops, cafes and restaurants.

      Transport

      Maze Hill - Thameslink and Southeastern

      Westcombe Park - Thameslink and Southeastern

      Cutty Sark - DLR

      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