Home > Auctions > August 2021 04 August 2021 - 9:30am > Lot 64

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

    • Development potential for 9 residential dwellings on site (subject to planning)
    • Site measuring 0.3 of an acre (Approximate)
    • Savills planning have carried out a planning note on the planning potential of the site (see legal documents)
    • Existing commercial space amounts to 7,312 sq ft (approximate) with a passing rent of £37,000 per annum
    • No VAT
    • 6 week completion available

    Description

    Freehold site with two existing commercial premises.

    Environ House is a 2 storey office building located on the western boundary of the site.

    Publicity House is a light industrial steel frame building arranged over ground and mezzanine located on the Eastern boundary.

    The site is accessed via a lane way from the Stafford road.

    The plot amounts to 0.3 of an Acre and offers redevelopment potential for 9 dwellings (subject to planning).

    The site could also be retained for its existing commercial use.


    Additional information

    Tenure

    Freehold

    Accommodation

    The property has the approximate floor areas:

    Environ House - arranged over 2 floors (c2,306 sq ft )

    Publicity House - arranged over ground and mezzanine (c.5,006 sq ft)

    Total 7,312 sq ft

    Tenancy

    Environ House is occupied by Mecserve Limited on a lease expiring on 12/12/2023.

    The tenant has served their break notice to vacate on 13/12/2021

    Their annual rent equates to £37,000 per annum. 


    Publicity House is occupied by a charity but will be offered with vacant possession on completion

    on a license with a 6 week notice period. 


    Planning

    Extensive plans have been created for further redevelopment of the site comprising of 3 x four bedroom houses with private gardens and 6 flats comprising of 3 x two bedroom flats and 3 x one bedroom flats with further potential to increase density of dwellings on site (subject to planning)


    Savills planning have created a note on the site which can be viewed in the legal documentation. Highlights include

    • Site is located in an area earmarked for intensification
    • Possible change of use through a full planning application or Permitted development.
    • New use class order 2020/21 could potentially offer greater flexibility with change of use from commercial to residential

    Rent

    Total Current Rent £37,000 per annum

    Notes

    Please note the site areas provided are approximate. The photos and redline drawings are for illustrative purposes only and may not reflect the exact boundary of the site. Prospective purchasers must rely upon their own enquiries in this regard.

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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.

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        Local information

        Wallington is predominantly a residential area located in London Borough of Sutton.

        The site is accessed via a lane way of the northern side of the Stafford Road, between number 106 Stafford road and 108 Stafford Road.

        Amenities and shopping facilities can be found on Stafford road and the main shopping parade on Woodcote Road.

        Transport

        Wallington Station is located 0.6 mile away (approximate) and offers train services to London Bridge.


        Legal documents

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        EPC rating

        The EPC rating for this property is D

        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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