Auction House London

Lot 49

 

Basement Area, 121 Queen Mary Road

Norwood, London, SE19 3NL

£5,000+

Guide Price (plus fees)

A Residential Development Opportunity (Subject to Obtaining all Necessary Consents).

Description

The property comprises a development opportunity to create a lower ground floor flat beneath an existing mid terrace house arranged over ground and two upper floors.

Tenure

Leasehold. The property is held on a 125 year lease from 25th June 2021 (thus approximately 125 years unexpired).

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Norwood Grove Park are within easy reach. Transport links are provided by Norbury and Gipsy Hill rail stations.

Accommodation

The buyer will be required to excavate the area below the ground floor in order to create a new self-contained flat (subject to obtaining all relevant consents).

Note

We have been advised that the sale will include freeholder's consent for any work at nil premium. Prospective buyers are advised to check the legal pack for further details.

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.

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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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Enquire about Basement Area, 121 Queen Mary Road, Norwood, London, SE19 3NL

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