Home > Auctions > February 2021 09 February 2021 - 9:00am > Lot 49

February 2021: Tuesday 09 February 2021 - 9:00am
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    Key features

    • 2,600 sq ft Victorian terraced house
    • Planning to convert to three generous flats
    • Potential for HMO use
    • Excellent location close to South Bank University with multiple travel and leisure/entertainment options close by
    • Previously generating over £109,000 per annum in rent

    Description

    An attractive Victorian terraced house

    Currently arranged as five flats with 13 bedrooms total across six floors

    Rear garden and two roof terraces

    Internal area approx 2,600 sq ft

    Potential for rear extension similar to no.21 Oswin Street to enhance the current permission subject to the requisite consents. We understand this is also one of the only properties on the road with a basement that covers the full imprint of the building, thereby providing a greater investment opportunity.


    Virtual Tour - Flat A

    Virtual Tour - Flat B

    Virtual Tour - Flat C - the flat is currently being redecorated, a 3d tour will be available shortly

    Virtual Tour - Flat D

    Virtual Tour - Flat E

    Additional information

    Tenure

    Freehold.

    Accommodation

    Communal Space - Entry Lobby, Roof Terrace

    Lower Ground Floor, Flat A - Reception Room, Kitchen, Three Bedrooms, Bathroom, Garden

    Ground Floor, Flat B - Reception/Kitchen, Three Bedrooms, Bathroom

    First Floor, Flat C - Reception Room, Kitchen, Two Bedrooms, Bathroom, Roof Terrace

    Second Floor, Flat D - Reception Room/Kitchen, Two Bedrooms, Bathroom

    Third/Top Floors, Flat E - Reception Room/Kitchen, Three Bedrooms, Bathroom

    Planning

    Planning (ref 19/AP/0713) was granted by Southwark Council on 27 January 2020 for "Conversion of dwelling into 1 x studio unit and 2 x 3 bedroom units"


    Southwark Council Planning Portal


    Included in the legal pack is a letter from the local authorities relating to the appeal submitted by the sellers. This letter highlights potential timelines for further information gathering and issuance of a decision. The appeal was lodged following an enforcement letter from the planning authorities. The enforcement letter requested a certain timeline for conversion from the property’s current use to the use approved in the planning permission ref 19/AP/0713. Potential buyers should consult the planning portal for the latest information and full original enforcement letter.”

    Notes

    Please note the sale will be by way of separate transfers for the freehold title and each of the five leasehold titles, with the price being apportioned equally between each (less £12,500 for the freehold). Please see the legal pack for further details.

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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.

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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.

        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.

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        Local information

        Oswin Street is located just to the west of Elephant and Castle, a recently redeveloped hub within easy reach of central London

        A variety of bars, cafes and restaurants can be found nearby along The Cut and in Borough Market while the popular Mercato Metropolitano is easily accessible

        South Bank University is within easy reach

        Recently-built leisure facilities including a gym, swimming pool and other sports facilities are available close by

        Popular attractions and entertainments are within easy reach including a variety of theatres, the Imperial War Museum (including park and tennis court) and The Oval cricket ground

        Transport

        Underground - Elephant and Castle (Northern and Bakerloo lines), Lambeth North (Northern Line), Waterloo (Jubilee)

        National Rail - Elephant and Castle, Waterloo, London Bridge

        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.

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