FacebookLinkedInYouTubeInstagram
    Auction House London
    Lot 113
    Mixed Use
    5 Dartford Street
    Elephant & Castle, London, SE17 3UQ
    Sold for £775,000
     
    All
    Number 1
    A Vacant Mixed Use Mid Terrace Building Recently Used as Mechanics Garage. Offered with Lapsed Planning to Demolish the Existing Building & Erect a Four Storey Building to Provide B1 Office Space, 1 x 1 Bed Flat and 2 x 2 Bedroom Flats.

    Description

    The property comprises a mid terrace building formed over ground and first floors currently arranged to provide a ground floor lock up shop with a long leasehold railway arch to the rear and a two bedroom self-contained first floor residential unit above.

    Tenure

    Building Freehold. Railway Arch Long is held on a Long Leasehold with approximately 850 years unexpired, ground rent £1 per annum.

    Location

    The property forms part of a mixed parade of residential and B1 offices on Dartford Street close to local shops and amenities and within the boroughs regeneration zone. The open spaces of Burgess Park are within easy reach. Transport links are provided by Elephant & Castle underground (Northern & Bakerloo lines) and rail stations. Further transport links could be provided by the opening of the Old Kent Road or the Old Camberwell Gate Stations.

    Planning (2nd Column)

    Southwark Council granted the following planning permission on 30 September 2008 (now lapsed) under reference 08/AP/1273:
    'Demolition of existing building and erection of new 4 storey building to provide class B1 office space (61sqm) on ground floor and part first floor, with refuse storage and secure cycle parking, and 1 one bedroom flat and 2 two bedroom flats above'.

    Note (2nd Column)

    We understand from the vendor that the three storey building next door is held by Network Rail and might also be for sale. All interested parties are advise to make contact with us in relation to this.

    Viewing Details

    Open House Viewings:
    Thursday 8th February 10:00-10:45
    Saturday 10th February 10:00-10:45
    Wednesday 14th February 10:00-10:45
    Saturday 17 February 10:00-10:45

    Addendum

    We understand that the ground floor area, referred to in the catalogue as lock up shop, was used as a car repair garage with ancillary office and the first floor area was originally used as office space before it was converted into residential use approximately 5 years ago without planning permission. Whilst the property is currently configured as Mixed Use, this is without planning permission. Further details can be found within the legal pack. All interested parties are advised to make their own enquiries. The unexpired lease term for the railway arch is approx. 850 years (not 975) The date of the lapsed pp 08/AP/1273 was 30 September 2008 (not December)

    Accommodation Schedule Schedule

    Property Tenure Floor Accommodation
    5 Dartford Street Freehold Ground (Front) Shop/ Yard Area (Approx. 1,400 sq ft)
    Storage Room (Approx. 200 sq ft)
    Railway Arch Long Leasehold. Approx. 850 years remaining Ground (Rear) Auxiliary Storage Area (Approx. 680 sq ft)
    5a Dartford Street Freehold First Two Bedroom Self-Contained Residential Unit (Approx. 645 sq ft)
    Enquire
    Finance Available
    Stamp Duty Calc
    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
    Share this lot

    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.

    Contact Our Property Experts