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Floorplan
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    Key features

    • To be offered on Wednesday 23 July
    • Comprising of 1 x lock up shop at ground floor (T/A a barbers) and an additional commercial unit at Grd, Lower Grd, 1st, 2nd and 3rd floors (3rd floor most recently used as residential use). Rear yard with outbuilding (on separate lease).
    • The entire building amounts to an approx. 3,973 sq ft (GIA)
    • Low capital value of £138.43 per sq ft on guide
    • Asset management potential to let the vacant element of the property out (more than 90% of the main premises is currently vacant)
    • Development potential to convert the upper floors into dwellings (subject to the requisite consents)
    • No VAT on the sale price
    • Investment let £12,300 p.a. rising to £13,600 Dec 2025. Part vacant (Vacant space greater than 90% of the main building)

    Description

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    A mid-terrace property comprised of split commercial unit at ground floor including a lock up shop T/A a barbers, and a former dental practice that has accommodation across ground floor, basement and 3 upper floors, with the top floor most recently used as residential. There is also a rear yard with a number of outbuildings.

    The property offers asset management potential to let out the vacant space or development potential to convert the upper floors into a number of dwellings (subject to the requisite consents)

    Additional information

    Tenure

    Freehold

    Accommodation

    Please refer to Accommodation and Tenancy schedule

    Tenancy

    Please refer to Accommodation and Tenancy schedule

    Rent

    £12,300 p.a.

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.

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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.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      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.

      Accommodation / Tenancy Schedule

      Local information

      The property is located on the north side of Walworth Road, between the junctions of Carter Place and Sutherland Walk, and close to East Street market.

      Elephant & Castle Station is located approx. 0.6 miles from the property

      Transport

      Elephant & Castle - Underground and Mainline train services. 8 bus routes stop immediately outside the property.

      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