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    Key features

    • To be offered on Tuesday 16 April
    • Of Interest to Investors
    • Producing £10,756 per annum
    • Asset Management Potential (one room vacant)
    • February completion available
    • Extension/development Potential subject to requisite consents
    • Established and Popular Location

    Description

    The property comprises a three bedroom first floor flat which includes an attic that may have further possible development potential subject to requisite consents.

    The property is currently let on two separate tenancies at a current rent of £10,756 per annum payable on the 1st Friday of month.

    We are advised that one room is vacant which would give instant asset management opportunity to a potential buyer.

    Situated on the established and popular Breakspears Road, the area is popular with young professionals and families, with strong transport links to Central London.

    Additional information

    Tenure

    New 999 Year Long Leasehold

    Accommodation

    Comprising : Three bedrooms, kitchen/lounge, bathroom/WC, balcony.

    Approx. gross internal floor area (from EPC register)

    Tenancy

    The front bedroom within the flat is currently let on an Assured Shorthold Tenancy (AST) from 15th November 2021 and paying £450 per calendar month. 


    The second bedroom is currently let on ​a regulated tenancy from December 1984 at a current rent of £446.36 per calendar month.


    The third bedroom is currently vacant.

    Rent

    £10,756 p.a.

    Notes

    Please note Savills Auctions have not inspected the property. Any drawings, plans, areas and photographs are for illustrative purposes only and purchasers should rely on their own enquiries.

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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.

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      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 situated approximately 0.2 miles to Brockley station, and is also close to Crofton Park, and St John’s, stations, all offering excellent links direct into London Bridge, Cannon Street, Canada Water and Whitechapel.

      Transport
      • Brockley Station - 0.2 miles
      • Crofton Park Station - 0.6 miles
      • St. John's Station - 0.6 miles

      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