September 2020: Thursday 24 September 2020 - 9:00am
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    Key features

    • Two freehold offices producing a combined income of £16,000 per annum
    • Prior approval for conversion of 163 to create 2x1 bedroom apartments
    • Further potential to convert number 165 subject to consents
    • Central location close to the High Road

    Description

    The property comprises two office buildings known as 163 and 165 Gleneldon Mews.

    163 Gleneldon Mews extends to approximately 975 sq ft (90.5 sq m) GIA and is arranged over ground level, with a mezzanine floor and let to an accountancy firm.

    165 Gleneldon Mews extends to approximately 925 sq ft (85.9 sq m) GIA and is arranged over a single floor, let to a marketing agency.

    Access to both properties is taken directly via Gleneldon Mews which runs to the rear of Streatham High Road.


    Additional information

    Tenure

    Freehold

    Tenancy

    163 Gleneldon Mews is let on a 5 year lease from 30/11/12 to an accountancy firm at a rent of £6,000 per annum (holding over).

    165 Gleneldon Mews is let on a 10 year lease from 10/11/18 to a marketing agency at a passing rent of £10,000 per annum

    Planning

    Prior Approval was granted on 16th March 2018 (Ref:17/06034) for the conversion of the existing property at 163 Gleneldon Mews to create 2 x 1 bed residential units of 462 sq ft NIA and 505 sq ft NIA.


    The property may offer further development potential by way of conversion and extension of number 165 Gleneldon Road to create additional residential floor space.


    Alternatively there is potential for a complete redevelopment of the site to provide a new scheme of mews houses or possibly flats - subject to the necessary consents.

    Rent

    Total rent reserved £16,000 per annum

    Notes

    Joint Agents Kingsbury Consultants 020 7183 2529


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      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

      Situated within a popular residential area, accessed off a cobbled mews street, to the rear of Streatham High Road.

      There are many fashionable shops, bars and restaurants along Streatham High Road.

      Streatham Station is within easy walking distance and provides a direct service to London Victoria in under 20 minutes.

      The surrounding area is a mix of commercial and residential occupiers


      Transport

      Streatham (National Rail)

      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.

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