24 November 2022: Thursday 24 November 2022 - 9:00am
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    Key features

    • Approved planning permission for 2 x one bedroom flats on top of the existing roof
    • Located an approx. 0.4 miles from Wimbledon Station
    • Agreement in place with existing freeholder (please refer to legal documents)
    • CIL cost being shared by the previous owner and low S106 cost
    • Imminently ready for construction

    Description

    The property comprises of a three-storey block of six flats, built in the 1970s, which is located on the southwest side of Graham Road.

    There is also a rear car park which is to be utilised for garden space, bike and Bin Storage.

    The proposed development will comprise of 2 x one bedroom flats (57.42 sqm and 48.33 sqm) and associated amenity space. The proposed development will utilise the existing stair case in the building and punch through the roof to form access for the future flats.

    We have been advised that the following documents have been created to enable a imminent start to construction.

    • Freeholders conditions
    • License (Currently being drafted)
    • Architect drawing
    • Structural, asbestos, foundation, building control, fire report
    • Pre commencement conditions signed off
    • Searches
    • Party wall awards
    • CIL and S106

    (Savills has not reviewed the above information and it has been provided in good faith; please refer to legal pack and all incoming purchasers must do there own due diligence)

    Additional information

    Tenure

    Long Leasehold - 999 years from 3rd February 2016

    New Flats to be granted a 250 year lease


    Planning

    Merton Council

    Ref: 20/P1275

    Approved - Granted 17th November 2020

    Description: Erection of additional storey to create Two x One Bedroom Flats incorporating rear balconies, replacement of window cladding, front doors and windows to central atrium on front elevation, and alterations to site layout with creation of private amenity space for existing ground floor flats’


    CIL: £41,000 (£20,000 of this is to be paid by previous owner and held by solicitors)

    S106: £750


    Notes

    Please note the site areas provided are approximate. The photos and CGI's 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.

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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 located on the South West side of Graham Road. Local shops and amenities can be found close by on Hartfield Road with a wider range of shops, restaurant's and pubs located at The Broadway

      Wimbledon Underground/Train Stations is located an approx. 0.4 miles from the property.

      Transport

      Wimbledon Station - Underground (District line), Southwestern Rail & Thameslink

      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