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    Key features

    • To be offered on Tuesday 27th January
    • Long Leasehold ground rent investment
    • Secured upon 16 self-contained flats
    • All sold off on long leases
    • Managed by a Resident Management Company
    • Car park with potential
    • Recently built four storey block

    Description

    A recently constructed four storey brick clad residential block comprising 16 self-contained apartments. There is a significant sized surfaced car park, part of which is marked out for 3 spaces, including one with a car charger. Under the planning consent the three spaces are allocated to be used by 3 specific apartments, if they are occupied by disabled residents. As far as the owner of the site is aware, no disabled residents own or occupy the relevant apartments. 

    The car park may be suitable for redevelopment in part or in full. Any potential purchasers should carry out their own enquiries of planning documents and adjoining property title documents, to determine this and to determine whether access rights to the properties on Church Street, that were granted when the car park was a public car park (before the redevelopment) still exist or have been expunged or could be cancelled. The car park currently benefits from a car park management system with cameras to enforce compliance with no parking.

    Additional information

    Tenure

    Leasehold - 999 years from 29th July 2022 (less 10 days)

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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

      Situated to the east side of Drummond Road, close to the junction with Tamworth Place, close to the centre of Croydon.

      The property is within walking distance of all the services provided by Croydon town centre.

      There are significant amounts of inward investment into the town centre with numerous residential and commercial developments including the subject property.

      Transport

      East Croydon Station - National Rail

      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