September 2021: Wednesday 01 September 2021 - 9:00am
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    Key features

    • Planning permission for 9 flats and the retention of 2 existing commercial units on the ground floor
    • Comprising of 5 x one beds, 2 x two beds, 1 x two bed maisonette and 1 x three bed all with terraces or Winter gardens
    • Tenant occupying the commercial unit and investment let at £53,000 PA. Back commercial unit with access to Holbeach is vacant.
    • Located in Central Catford

    Description

    A well located and substantial corner plot containing an existing tenant on the ground floor retail unit providing a passing income of £53,000 PA.

    The property has planning permission for 9 flats across the 1st, 2nd and 3rd floor with 2 different access points from the Ground floor to the upper floors

    Proposed Accommodation (Taken from the Design and Access statement)

    Ground floor front commercial unit to be retained. 127 sq.metres

    Ground floor commercial in the centre of the plan.52 sq. metres

    1st Floor

    Flat 1 60 sq. m. 3 person 2 bed flat (plus winter garden of 6 sq.m)

    Flat 2 50sq.m . 2 person 1 bed flat (plus terrace of 6 sq.m)

    Flat 6 53.2sq.m . 2 person 1 bed flat (plus terrace of 6 sq,m)

    Flat 7 86sq.m . 4 person 2 bed duplex (plus terrace of 6.2 sq.m)

    2nd Floor

    Flat 3 60sq.m . 3 person 2 bed flat (plus winter garden 6sq.m)

    Flat 4 50sq.m . 2 person 1 bed flat (plus terrace of 6 sq.m)

    Flat 8 53.6sq.m . 2 person 1 bed flat (plus terrace 6sq.m)

    3rd floor

    Flat 5 54sq.m . 2 person 1 bed flat (plus terrace of 8.8 sq.m)

    Flat 9 96sq.m . 5 person 3 bed flat (plus terrace 31sq.m)

    Additional information

    Tenure

    Part occupied

    Accommodation

    Ground Floor - Commercial unit fronting Rushey Green (tenanted), Commercial unit with access to Holbeach Road (vacant)

    1st Floor - Vacant space


    Tenancy

    Let to RAL Limited

    Lease 10 years commencing on the 6th March 2013 and ending on the 5th March 2023.


    Planning

    London Borough of Lewisham


    Approved: 12 June 2019

    Application No: DC/18/110112

    Development: Construction of a part 1/ part 2/ part 3-storey upwards extension, incorporating roof terraces, to the existing building at 116-118Rushey Green, SE6, to accommodate 9 self-contained residential units (5x one bed, 2x two bed and 1x three bed flats, and 1x two bed maisonette) together with alterations to the front, side and rear elevations.


    Rent

    £53,000

    Notes

    Please note the site areas provided are approximate. The photos and red line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. Prospective purchasers must rely upon their own enquiries in this regard

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      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 junction of Rushey Green Road and Holbeach Road.

      Local amenities can be found directly on Rushey Green Road

      Catford Bridge Station is located approximately 0.3 miles away

      Transport

      Catford Bridge Station

      South Eastern services into central London

      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.

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      Please note that all prices listed, whether prior to or post auction, are subject to contract.

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      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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