Savills Property Auctions | 47 & 49 Deptford High Street, London, SE8 4AD

February 2023: Tuesday 07 February 2023 - 9:00am

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Key features

To be offered at a future auction
Part vacant and part let on £18,000 p.a.
Part fire damaged
Lapsed Planning permissions for 2 x two bedroom flats, 1 x one bedroom maisonette and retail space on Grd and Basement (please refer to planning)
Asset management and Development potential (subject to the requisite consents)
An approx. 400 metres from Deptford Bridge, Deptford and New Cross stations.
6 week completion - please refer to notes and legal pack.

Description

The property comprise of 2 x two mid-terraced period properties constructed over part basement and one upper floor. The property is currently held on two separate titles.

Fire damage is to the former barbershop located at no. 49 Deptford High Street and the upper floors above no. 47 Deptford High Street and no. 49 Deptford High Street.

The ground floor of no. 47 Deptford High Street is currently trading as a laundrette.

The existing tenant has expressed an interest in letting the whole site for £45,000 p.a. (This has been provided in good faith and any incoming purchaser must do there own due diligence.)

Nearby occupiers include Asda, Tesco Express and Paddy Power as well as a wide range of local independent retailers.

Additional information

Tenure

Freehold.

Accommodation

Please note that the floor areas have been provided by the vendor and the property has not been inspected by Savills

Total Site Area 150 sq m (1,615 sq ft)

Tenancy

47 Deptford High Street (Ground floor)

Let to a private individual trading as laundrette
Subject to a licence agreement at a rent of £18,000 p.a.
The licensee is liable for all utilities and the agrees to pay 50% of the building insurance.
No deposit is held with the landlord.
The remainder of the property is fire damaged and will be sold with vacant possession upon completion.

Planning

London Borough of Lewisham

Planning ref: DC/16/096163 Granted 2016 - Now lapsed

Description: Demolition with facade retention, excavation to form an enlarged basement and the construction of a three storey building comprising retail unit at ground floor/basement level, 2 x two bedroom self-contained flats with rear roof terraces at first and second floor level

Planning ref: DC/18/110265 Granted 2019 - Now Lapsed

Description: The demolition of single storey structures to the rear and the excavation of the basement to provide a one bedroom maisonette with a courtyard garden and reduced retail floorspace at 47-49 Deptford High Street, SE8, together with the formation of a new residential entrance on the high street.

In total planning was achieved in the past under two separate applications for 2 x two bedroom flats, 1 x once bedroom flat and commercial unit on the ground floor.

Rent

£18,000

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.

Please note that the photo was taken on the 28th April 2022

The date for completion shall be six weeks from the auction provided that any pending title issues are resolved otherwise completion shall be delayed until three working days from the Vendor confirming any title issues have been resolved and provided further should completion not take place by 31st March 2023 the contract shall be terminated and any deposit refunded to

the Purchaser (the “Completion Date”)

Contact

The properties lie within an area administered by the London Borough of Lewisham, approximately 8 kilometres (five miles) south east of central London (Charing Cross).

It fronts the western side of Deptford High Street near its junction with Comet Street, circa 400 metres north of New Cross Road (A2).

The surrounding area comprises a mixture of retail, leisure and residential use accommodation.

Transport

DLR - Deptford Bridge

Overground - New Cross

National Rail - Deptford (Thameslink & Southeastern)

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

•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.

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