Auction House London

Lot 5

Retail Property (high street) - Commercial Property 

14 Plumstead Road

Woolwich, London, SE18 7BZ

Sold after auction for an undisclosed amount

A Commercial Investment Producing £17,000 Per Annum. Potential for Development (Subject to Obtaining all Relevant Consents).

Description

The property comprises a mid terrace commercial building arranged over lower ground, ground and first floors.

Tenure

Freehold

Location

The property is situated on a mixed use road close to local shops and amenities.Transport links are provided by Woolwich underground (Elizabeth line) and rail stations.

Accommodation

Lower Ground Floor
Room
Kitchen

Ground Floor
Shop Area
Rear Room

First Floor
Three Rooms
WC

Exterior

The property benefits from a rear garden with a large yard.

Tenancy

The property is subject to a lease for a term of 16 years commencing 24th May 2010 at a rent of £17,000 per annum. There are two outstanding rent reviews from 2018 and 2022.

Addendum

We understand that this property is subject to a compulsory purchase order which is subject to public enquiry. Buyers should rely on their own enquiries.

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their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction.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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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 14 Plumstead Road, Woolwich, London, SE18 7BZ

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