Auction House London

Lot 27

Commercial Development - Commercial Property 

172 Trafalgar Road

Greenwich, London, SE10 9TZ

Sold for £627,000

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

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.

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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