Home > Auctions > March 2022 02 March 2022 - 9:00am > Lot 18

March 2022: Wednesday 02 March 2022 - 9:00am
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    Key features

    • Freehold end terrace property
    • Arranged as two flats (1 x 1 bed and 1 x 2 bed)
    • Private rear courtyard garden
    • Planning approval for 2 x 3 bedroom flats over four floors
    • Investment let at £36,540 per annum

    Description

    A freehold end terraced building arranged as two flats over over two floors.

    The ground floor one bedroom flat is presented in clean decorative order and benefits from its own private entrance and use of the communal courtyard garden.

    The first floor two bedroom flat is presented in clean decorative order, has shared access with two small storage areas to the side and rear of the building and use of the communal courtyard garden.

    Planning permission approved for redevelopment of the site to provide 2 x 3 bedroom flats over four floors.

    The proposed basement and ground floor flat will have a gross internal area of approximately 926.77 sq ft with approximately 108.72 sq ft of private amenity space.

    The proposed first and second floor flat will have a gross internal area of approximately 1022.57 sq ft with approximately 107.64 sq ft of private amenity space.

    Investment let at £36,540 per annum.

    Additional information

    Tenure

    Freehold

    Accommodation

    Existing

    Ground Floor - Open Plan Living/Dining/Kitchen, Shower Room/WC, Bedroom, Entrance Hallway, Storage Areas.

    First Floor - Hallway, Kitchen, Bathroom/WC, Two Bedrooms, Reception Room.


    Proposed

    Basement - Hallway, Two Bedrooms, Bathroom/WC.

    Ground Floor - Communal Entrance, Hallway, WC, Open Plan Living/Dining/Kitchen, Bedroom, En Suite Shower Room.

    First Floor - Hallway, WC, Open Plan Living/Dining/Kitchen, Bedroom, En Suite Shower Room.

    Second Floor - Hallway, Bathroom/WC, Two Bedrooms.

    Tenancy

    2 - Let on a 36 months assured shorthold tenancy for £1195 per calendar month from 24/04/2021 with an 18 month break clause.

    2a - Let on a 36 months assured shorthold tenancy for £1600 per calendar month from 09/07/2020 with a 24 month break clause. However, the seller has mutually agreed a move out date for the tenant of 31/03/2022.

    Storage - Let on a license agreement for £250 per calendar month from 1st July 2021 with a 30 day termination period.

    Planning

    Planning permission (Ref 2020/0784) was granted by Wandsworth Council on 1st July 2020 for the "Alterations to the first floor flat including erection of a mansard roof extension; Formation of a roof terrace with 1.7m high screen surround above two-storey back addition; Erection of a two-storey rear extension. Alterations to the ground floor flat including enclosure of ground floor undercroft and installation of new front entrance; Excavation to create basement level with formation of front lightwell."

    Rent

    £36,540 per annum.

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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.

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        Local information

        Situated within the sought after Nightingale triangle area, the property is to the south side of Oldridge Road, close to its junctions with Ramsden Road and Balham Grove.

        There are many fashionable shops bars and restaurants along Nightingale Lane and Balham High Road.

        The centre of Balham to the south provides wider amenities.

        The green open spaces of Wandsworth, Clapham and Tooting Bec Common's are all within reach and provide numerous recreation opportunities.

        Public transport includes Balham, Clapham South and Wandsworth Common rail stations.

        Transport

        Balham - Northern Line

        Clapham South Station - Northern Line

        Wandsworth Common Station - Southern

        Legal documents

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        EPC rating

        The EPC rating for this property is E

        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.

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