December 2021: Wednesday 15 December 2021 - 9:00am
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Floorplan
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    Key features

    • Investment Let at £38,430 P.A. (We have been advised that the rent has been paid up to date)
    • Retail unit Investment let at £10,000 P.A.
    • Residential Flats investment let at £28,430 P.A.
    • Possible development potential to add an additional storey or extend to the rear of the property (subject to the requisite consents)
    • Potential to increase the rental income from the retail unit (subject to purchasers negotiations with the tenant)
    • 6 week completion available

    Description

    Virtual tour Flat A - Click here

    Virtual tour Flat B - Click here

    A 3 storey mid terrace property located on an established shopping parade. The property is arranged with a Taxi Office on the ground floor along with 2 x One Bedroom flats located at 1st floor and 2nd Floor. Access to the flats is via a door at the front of the premise.

    There is further development potential to add an additional floor to the roof and possible add additional space to the rear of the property (Subject to the requisite consents)

    Additional information

    Tenure

    Freehold

    Accommodation

    Ground floor - Retail Area. Approx. 775 sq ft (72 sqm) Measurements taken from VOA

    1st Floor - Flat A - Foyer, Living/Kitchen area, Bedroom and Bathroom/WC.

    2nd Floor - Flat B - Foyer, Living/Kitchen area, Bedroom and Bathroom/WC.


    Tenancy

    Ground floor retail unit - Trading as Speedicars, taxi company

    • Let to Keen Group Ltd on a periodic tenancy commencing 13/07/2012
    • £10,000 P.A.
    • Rent review every 5 year period

    Flat A

    • Let on a 12 month AST from the 18/09/2016 - Holding Over
    • £13,795 P.A.

    Flat B

    • Let on a 6 month AST from the 21/06/2019 - Holding Over
    • £14,635 P.A

    Rent

    £38,430 P.A.

    Notes

    Please note the site areas provided are approximate. The photos and plans are for illustrative purposes only and may not reflect the exact boundary of the site. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard.

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      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

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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

      The property is located on the West side of Camberwell road between the junctions of Medlar Street and Camberwell Green.

      Local amenities can be found close by at Camberwell Green and range of shops and restaurants can be found directly on Camberwell Road.

      Denmark Hill Station is located approximately 0.6 miles from the property

      Transport

      Denmark Hill Station - Overground and Southern Rail services into Central London

      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