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
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
Administration charge: £1,200 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.
View Details as PDFEnquire Now
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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