August 2021: Wednesday 04 August 2021 - 9:30am
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    Key features

    • Mixed use investment opportunity
    • Ground floor café with a two bedroom split level flat above
    • Currently producing £22,800 per annum
    • By order of the Trustees in Bankruptcy

    Description

    A traditional brick built terraced property arranged as a ground floor café with a rear yard plus a self-contained two bedroom split level flat incorporating a loft conversion providing a rear terrace.

    Joint Agent

    Additional information

    Tenure

    Freehold

    Accommodation

    Ground floor Café - Dining area, Kitchen, Wc. Approximate NIA 25.02 sq m (269 sq ft)

    Outside - Rear yard

    First floor flat - Two bedrooms, Kitchen, Bathroom/wc

    Second / loft floor - Reception room, Roof terrace

    Tenancy

    The ground floor is let to Friends Place Cafe Ltd on a 15 year lease from April 2021 at a rental of £9,000 per annum.

    The first floor flat is understood to be let on an assured shorthold tenancy at a rental equivalent to £13,800 per annum, the sellers have not been provided with a copy of the AST agreement

    Rent

    £22,800 per annum

    Notes

    VAT is not applicable on this lot

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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.

      Local information

      Situated to the west side of Parish Lane close to its junction with Hardings Lane

      Forming part of a secondary parade of shops some of which have been converted to residential.

      Other nearby occupiers include a Vet's Surgery and a Chinese Takeaway together with several local A2 business occupiers.

      The surrounding area is predominantly residential.

      Penge East Station is approximately 0.2 miles to the north west and provides a frequent commuter link to London Victoria with a journey time of approximately 20 mins.

      The green open spaces found at Crystal Palace Park lies approximately 0.5 miles to the west.


      Transport

      Penge East - National Rail

      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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