Lot 31
    1B Montrell Road
    Streatham Hill, London, SW2 4QD
    Sold for £23,500.
     
    Number 1
    A Residential Development Opportunity (subject to obtaining all necessary consents). Planning Permission has been Submitted to Create a Self-Contained Lower Ground Floor One Bedroom Flat (Decision Pending).

    Description

    The property comprises a development opportunity to create a lower ground floor one bedroom flat beneath an existing semi-detached building arranged over ground and two upper floors.

    Tenure

    Leasehold. The property will be held on a new 125 year lease upon completion.

    Location

    The property is situated in the South West London of Streatham Hill close to local shops and amenities. The open spaces of Hillside Gardens are within easy reach. Transport links are provided by Streatham Hill rail station.

    Accommodation (2nd Column)

    The proposed application is to excavate the area below the ground floor and to create a one bedroom self-contained flat measuring 710 sq ft.

    Planning (2nd Column)

    Planning Permission has been submitted to Lambeth Council on 17th August 2015 (ref: 15/04685/FUL) for:
    "Excavation to provide a basement to create a one bed self-contained flat involving installation of new fenestration to the front and rear elevations, formation of an external stairwell to the front elevation and the formation of a front lightwell with balustrade."

    Note (2nd Column)

    The property has not been inspected by Auction House London. All information has been supplied by the vendor.

    Viewing Details

    Please refer to us directly on: 0207 625 9007

    Addendum

    In accordance with the vendor's specific instructions, the deposit payable is 30% on this property and it must be paid in immediate cleared funds (ie debit card, bankers draft or immediate wire transfer. No payment by cheque is acceptable on this property).
    For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on
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    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.

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