>
Auctions >
24 & 25 February 2026 24 February 2026 - 10:00am >
Lot 25A
24 & 25 February 2026: Tuesday 24 February 2026 - 10:00am
Your Bid
Guide price
TBA
Hammer price
Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
-
View Virtual Tour
Key features
- To be offered on Tuesday 24 February
- A Freehold Mixed Use Investment
- Arranged as a retail unit let to Cheque Mate Solutions Ltd on a 15 year lease from 05/09/2018
- Upper parts comprise a 5 bedroom HMO with 5 rooms let to 5 separate tenants on AST's
- Development/extension potential at the rear (subject to consents)
- Comprises approximately 1,680 sq ft (156 sq m)
- VAT-Free Investment
- Investment let at £58,060 p.a. (9.29% GIY on Guide Price)
Description
The property comprises a three storey terraced building arranged as a ground floor retail unit together with a five bedroom HMO arranged across first and second floors. The property may benefit from development/extension potential at the rear (subject to the requisite consents).
Additional information
Tenure
Freehold
Accommodation
Please note the approximate areas have been provided by the VOA/Vendor/EPC and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site.
Please refer to accommodation and tenancy schedule.
Tenancy
Please refer to accommodation and tenancy schedule.
Rent
Investment let at £58,060 p.a.
Notes
Addendum:
With regard to the commercial lease of ground floor 199 High Street Eltham the Seller advises that: (a) some payments of rent and other sums are made by a company called Buyback Solutions Limited (registered number 16600129); (b) the tenant has confirmed to the Seller that such payments are made by that company as agent for and on behalf of the actual tenant Cheque Mate Solutions Limited; (c) the two companies are run by members of the same family and Buyback is used to manage some of the finances and day-to-day operations of the business. Note also that a notice for compulsory strike off has been registered in respect of the tenant due to the confirmation statement being overdue. The Seller has written to the tenant to enquire as to when this will be resolved.
In response to the request to resolve the notice for compulsory strike off of the tenant company the family members who own Buyback Solution Ltd have asked for a meeting and it is likely that they will be looking to resurrect a previous application for consent to assign the lease which did not progress.
Please note completion will be 35 business days after the contract and not as stated in the special conditions of sale.
-
View Virtual Tour