February 2022: Wednesday 09 February 2022 - 9:30am
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Floorplan
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    Key features

    • Freehold commercial investment
    • Shop and basement trading as a florist holding over at £12,000 pa (8% on Guide Price)
    • Potential to agree a new lease at an increased rental see note*
    • Busy local parade within an affluent area
    • Upper maisonette sold on a long lease

    Description

    A traditional brick built terraced building within an established retail parade. Arranged as a shop and basement, the upper maisonette which is sold off is accessed from the front.

    Additional information

    Tenure

    Freehold

    Accommodation

    Approximate dimensions:

    Ground floor shop: 31 sq m (334 sq ft)

    Basement stores: 32 sq m (345 sq ft)

    Total: 63 sq m (679 sq ft)

    (Floor areas sourced from VOA interested parties should verify for themselves.)

    Tenancy

    Shop - Let to an individual holding over on a 6 year lease from 24/06/2007

    Upper maisonette - Sold on a 99 year lease from 25/12/2010 at a ground rent of £300 per annum.

    We are advised that there has been a surrender and re grant of the lease on the upper maisonette, the term is now 125 years from 28/06/2021 and the ground rent remains the same at £300 per annum.

    Rent

    £12,300 per annum

    Notes

    The tenant is up to date on rent and has paid in full throughout the pandemic. We understand they would like to stay and a rental increase has been discussed but not initiated, interested parties must rely on 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

      Located to the east side of Lordship Lane close to its junction with Melford Road.

      Situated within a busy and well established local parade which serves an affluent residential catchment area.

      Lordship Lane is a busy trunk road and generates significant passing trade.

      Other nearby occupiers include the Dulwich Beer Dispensary, Toolstation, Tile Giant together with several local retails and a Veterinary Centre.


      Transport

      A205 - South Circular

      Forest Hill and West Dulwich Stations - National Rail

      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.

      Addendums