Lot 27
    Commercial Development
    172 Trafalgar Road
    Greenwich, London, SE10 9TZ
    Sold for £627,000
     
    Number 1
    A Fully Let Freehold Commercial & Residential Investment Producing £50,400 per annum. Offered with Planning Permission for a Two Storey Rear Extension to Convert the Existing Upper Parts into 2 x 1 Bedroom Flats.

    Description

    The property comprises a mid terrace building arranged over ground and two upper floors currently arranged as a ground floor shop with a rear studio

    Location

    The property forms part of an established parade on a busy thoroughfare in the South East London area of Greenwich amongst local shops and amenities. Nearby multiples Tesco Express, KFC, Coral Betting, Boots Pharmacy and numerous other local traders. Transport links are provided by Maze Hill rail station.

    Overflow

    flat and a four bedroom self-contained flat over first and second floors.

    Planning (2nd Column)

    The Borough of Royal Greenwich granted the following planning permission (Ref: 15/3298/F) on 21 December 2015:
    'Construction of a 2-storey rear extension at first floor and conversion of first and second floors to form 2 x 1-bed flats'.

    Current Rent Reserved £50,400 per annum

    Viewing Details

    Open House Viewings:
    Tuesday 17th October 14:00 - 14:30
    Thursday 19th October 14:00 - 14:30
    Tuesday 24th October 14:00 - 14:30
    Thursday 26th October 14:00 - 14:30

    Addendum

    The property comprises a four bedroom self-contained flat above and not as originally described in the catalogue.

    Accommodation & Tenancy Schedule

    Property Floor Accommodation Tenancy Details Current Annual Rent
    Shop Ground Shop Area extending to approximately 791 SqFt (73.5 SqM) Let on a commercial licence to Mrs Anna Grzadka for a term of 3 years commencing 1.6.17 at a rent of £1,500 pcm £18,000
    172a

    172b
    Rear Ground
    First
    Studio Flat, Separate Shower room with WC & wash basin
    Reception Room, Three Bedrooms, Kitchen, Bathroom with WC & wash basin
    Both 172a and 172b are let on the same 24 month AST agreement commencing 10.11.16 at a rent of £2,700 pcm £32,400
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    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.

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