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    Key features

    • To be offered on Thursday 27 February
    • Freehold Investment/Development Opportunity
    • Retail Unit with Two Bed Maisonette to the Upper Parts and Rear Warehouse
    • Retail Unit Let on a Tenancy at Will Producing £10,000 p.a.
    • Upper Parts and Rear Warehouse Vacant
    • Asset Management Potential Via Letting
    • Potential for Conversion/Development (stp)
    • Established and Popular Location
    • Six Week Completion Available
    • Virtual Tour Available

    Description

    Virtual Tour

    The property comprises a freehold mixed-use building with both asset management and development potential (subject to obtaining the requisite consents).

    Arranged across ground, first and second floors, the property currently comprises a ground floor retail unit with a large rear warehouse accessed separately. The upper parts comprise a self contained two bedroom maisonette.

    The retail unit is currently let on a periodic tenancy at will, terminable at one months notice, producing £10,000 per annum. The rear warehouse and upper parts are sold with vacant possession.

    The property presents an evident asset management opportunity via formalising the tenancy for the retail unit, as well as the letting of the rear warehouse and upper parts.

    The property also offers development/conversion potential via rear extension to increase residential space to the rear and upper parts, providing multiple residential units (subject to obtaining the requisite consents)

    The property occupies a prominent pitch with a frontage to Penge High Street. The surrounding area is characterised by similar mixed-use properties with a number of local and national tenants including Barnardos, William Hill, and Tesco.

    Additional information

    Tenure

    Freehold

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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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      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.

      Local information

      • Penge West Station - 0.4 miles
      • Kent House Station - 0.6 miles
      • Anerley Station - 0.7 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