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    Key features

    • A freehold three floor terraced building
    • Comprising a ground floor shop with a self-contained split-level two bedroom flat to the upper floors.
    • Mixed use investment let at £48,260 per annum
    • Overlooking the park.
    • By order of the LPA Receivers

    Description

    A traditional brick built three floor terraced building with a pitched and tile covered roof. The property has been extended by a single storey to the ground floor and a loft conversion forming the second floor.

    Additional information

    Tenure

    Freehold

    Accommodation

    281 Ground Floor Shop - Restaurant, approximate area 82.75 sq m (891 sq ft)

    281a First and Second floor flat - Two bedroom self-contained flat, approximate area 76.4 sq m (823 sq ft)

    Tenancy

    Ground floor shop let on a 10 year lease from 09/12/2020 at a rental of £32,000 per annum.

    Upper flat let on an assured shorthold tenancy at a rental of £1,355 per month.

    Rent

    £48,260 per annum
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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

      Situated to the north side of Southwark Park Road, close to its junction with Galleywall Road.

      Forming part of a secondary shopping parade, other nearby occupiers include Iceland, Tesco Express and Ladbrokes together with several other local occupiers.

      The property overlooks the green open spaces of Shuttleworth Park.

      Well located for transport with Bermondsey and Surrey Quays Stations within reach

      Transport

      Underground - Bermondsey Station (Jubilee Line)

      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