Auction House London

Lot 36

Block of Apartments - Flats / Apartments 

The Arches

85 Childers Street, Lewisham, London, SE8 5NN

£1,800,000+

Guide Price (plus fees)

Ten Self-Contained Flats (9 x One Bedroom, 1 x Two Bedroom) Offered Under One Head Lease. Potential Break Up/Rental Investment Opportunity. Flats Offered with Vacant Possession upon Completion.

By Order of the Mortgagees

Description

The property comprises ten self-contained flats (9 x one bedroom, 1 x two bedroom) arranged over the ground and first floors of a purpose built block which is arranged over ground and seven upper floors.

Tenure

Leasehold. The 10 flats are held on a 150 year head lease from 8th June 2010 (thus approximately 136 years unexpired). 10 individual leases have been drafted ready for submission to Land Registry (freeholder's consent not required). Please refer to legal pack.

Location

The flats are situated on a residential road close to local shops and amenities. The open spaces of Folkestone Gardens are within easy reach. Transport links are provided by New Cross overground and rail stations.

Tenancy

We understand that the property was formerly let at a rent of £204,000 per annum

Accomodation Schedule

Property Floor Accommodation
Flat 1 Ground Reception Room with Open-Plan Kitchen, Bedroom, Bathroom
Flat 2 Ground Reception Room with Open-Plan Kitchen, Bedroom, Bathroom
Flat 3 Ground Reception Room with Open-Plan Kitchen, Bedroom, Bathroom, Private Courtyard
Flat 4 Ground Reception Room with Open-Plan Kitchen, Two Bedrooms, Bathroom
Flat 5 First Reception Room with Open-Plan Kitchen, Bedroom, Bathroom
Flat 6 First Reception Room with Open-Plan Kitchen, Bedroom, Bathroom
Flat 7 First Reception Room with Open-Plan Kitchen, Bedroom, Bathroom
Flat 8 First Reception Room with Open-Plan Kitchen, Bedroom, Bathroom
Flat 9 First Reception Room with Open-Plan Kitchen, Bedroom, Bathroom
Flat 10 First Reception Room with Open-Plan Kitchen, Bedroom, Bathroom

Introducer

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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Open House Viewings:
For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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Enquire about The Arches, 85 Childers Street, Lewisham, London, SE8 5NN

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