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    Key features

    • Investment Let at £92,892 p.a. (9.8% GIY on Guide Price)
    • Comprises double fronted retail unit (let to one tenant) and four flats located on the upper floors (3x one beds and 1 x three bedroom)
    • Further development Potential to add additional dwellings to the rear of the property (subject to the requisite consents)
    • Ground floor double fronted commercial unit let at £27,500 p.a.
    • 4 flats lets on an AST at £65,400 p.a.
    • 3 outstanding rent reviews with the ground floor commercial tenant (time is not of the essence) asset management potential to improve the passing rent
    • Honor Oak Park station an approx. 0.3 miles from the property
    • VAT free investment
    • 6 week completion available

    Description

    The premise comprises of 2 x mid terrace properties with a a double fronted retail unit at ground floor level and four self contained flats at 1st & 2nd floor. There is a rear yard at the back of the property which also can be accessed via Codrington Hill road.

    There is development potential to add multiple dwellings to the rear yard (subject to the requisite consents) A number of plans have been drawn to illustrate this.

    Nearby occupiers include Post office, William Hill as well as wide range of local independent and boutique retailers.

    Additional information

    Tenure

    Freehold

    Accommodation

    Please note the approximate areas have been provided by a third party and the property has not been inspected by Savills. Please refer to tenancy schedule

    Planning

    *It is considered that there may be potential to develop and indicative plans have been drafted to create an additional flat on the uppers of 66 Brockley Rise and an additional three storey building to the rear. (see proposed plans) Subject to all necessary consents and purchases must rely upon their own enquiries.

    Rent

    £92,892 p.a.

    Notes

    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.

      Accommodation / Tenancy Schedule

      Local information

      The property is situated within a mixed residential and commercial area and is located on Brockley rise close to the junction with Standon Park (B218).

      The property benefits from good local transport links including Honor Oak Park (Overground) and Crofton Park Rail Stations and good road links via local bus routes and the A205 South Circular also being close to the further amenities of Forest Hill, Dulwich, Brockley and Catford.

      Transport

      Honor Oak Park (Overground) - 0.3 miles


      Crofton Park Train Station (Thameslink Railway) - 0.6 miles

      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