September 2022: Thursday 01 September 2022 - 9:00am
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    Key features

    • Freehold development opportunity
    • Four storey detached block of flats
    • Planning permission for two additional self-contained flats
    • 12 flats sold on long leases

    Description

    A detached four storey block with a flat roof, arranged as twelve flats sold on long leases

    Additional information

    Tenure

    Freehold

    Tenancy

    The 12 existing flats are all sold on a 999 year lease at a peppercorn ground rent

    Planning

    Consent has been granted by Tower hamlets Council under prior approval (App: PA/21/01745) on 22nd September 2021 "for the construction of a one storey upwards extension and provisions of two additional residential units".


    Proposed accommodation:


    Unit 1- Open plan kitchen/reception room, bedroom, bathroom/wc (approximately 50 sq m)

    Unit 2- Open plan kitchen/reception room, two bedrooms, bathroom/wc (approximately 66.2 sq m)

    Notes

    Section 5 notices have been served and we are advised the lessees have not reserved their rights. Please refer to the legal pack for further information.


    A Structural feasibility report can be found in the legal pack


    30 day completion

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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 near to the junction of Manchester Road and Roserton Street

      A range of Shopping facilities can be found nearby on the Isle of Dogs with a further range available in Poplar

      Recreational amenities of St John's Park and Millwall Park are both easily accessible

      Transport

      DLR- Crossharbour

      Underground- Canary Wharf (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