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    Key features

    • Freehold Development opportunity
    • Three storey mixed use block
    • Planning permission via prior approval for three self-contained flats comprising Three x 2 Bedroom. All new flats will benefit from private terraces.
    • Low Cil of approximately £31,000.00
    • Structural & fire strategy reports are available in the legal pack
    • 30 days Completion
    • Conveniently located for the amenities of Brixton

    Description

    A freehold three storey block, arranged as fourteen flats and three commercial units sold on long leases

    Additional information

    Tenure

    Freehold

    Tenancy

    The 14 existing flats and 3 commercial units are all sold on a 999 year lease at a peppercorn ground rent.

    Planning

    Consent has been granted by Lambeth Council under prior approval (ref: 20/03569/P20) on 21st October 2021 for "The erection of two additional storeys of accomodation above the existing building to create 3 self-contained residential units (Use Class C3)."


    https://planning.lambeth.gov.uk/online-applications/applicationDetails.do?activeTab=documents&keyVal=QIGDULBO0FE00


    Proposed accommodation:

    Third Floor

    Flat 1 (approximately 818 sq ft)- Open plan Kitchen/Dining/Living, Two Bedrooms (one with en-suite), Bathroom/WC, Terrace

    Flat 2 (approximately 828 sq ft)- Open plan Kitchen/Dining/Living, Two Bedrooms, Bathroom/WC, Terrace


    Fourth Floor

    Flat 3 (approximately 1,011 sq ft)- Open plan Kitchen/Dining/Living, Two Bedrooms (one with en-suite), Bathroom/WC, Two Terraces

    Notes

    Section 5 notices have been served and we are advised the lessees have not reserved their rights. Please refer to the legal pack for further information.


    Both MCIL2 & Lambeth "Residential Zone C" payments total approximately £31,000.00


    Structural & fire strategy reports are available in the legal pack


    Joint Auctioneer:


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      Local information

      Located near to the junction of Tulse Hill and Brixton Water Lane

      A range of Shopping facilities can be found nearby and to a further extent in the centre of Brixton

      Recreational amenities of Brockwell Park and Ruskin Park are both easily accessible

      Transport

      National Rail- Brixton

      Underground- Brixton (Victoria Line)

      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