Auction House London

Lot 16

 

213 Walworth Road

Elephant & Castle, London, SE17 1RL

Sold for £459,500.

A Ground Floor Lock Up Shop Producing £24,000 per annum and a Vacant Two Bedroom First & Second Floor Maisonette

Description

Tenure

Freehold

Location

Walworth Road is an established parade in the South East London area of Elephant & Castle. Nearby multiples include Paddy Power, KFC and McDonalds. Transport links are provided by Elephant & Castle underground station (Northern & Bakerloo line) and Elephant & Castle rail station.

Description (2nd Column)

The property comprises a ground floor shop with a two bedroom first and second floor maisonette situated within a mid-terraced building arranged over ground and two upper floors.

Note (2nd Column)

The LHA rates for a 2 bedroom flat in this postcode is £255.09 per week. So this flat could potentially be let out at £13,264.68 per annum (source: https://lha-direct.voa.gov.uk/)

Viewing Details

Friday 5th September 11:00-11:30
Tuesday 9th September 14:00-14:30
Friday 12th September 11:00-11:30

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Rent
Shop Ground Shop Area, Kitchen, Seating Area, WC Let on a Lease for a term of 5 years from 13/08/14 to Samuel Atta-Mensah t/a Jato Krom at a rent of £6,000 per quarter. £24,000
Maisonette First
Second
Two Bedrooms, Kitchen
Two Reception Rooms, Two Bathrooms, Separate WC with wash basin
Vacant. ERV £13,264.68 per annum

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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