Auction House London

Lot 76

Flat - Flats / Apartments 

Basement Areas at 87-88 Leigham Vale

Streatham, London, SW16 2JG

Sold for £29,000

Two Vacant Adjoining Basements currently Measuring Approximately 42 sq m (452 sq ft) Combined. Offered with Potential for Redevelopment (subject to obtaining all relevant consents)

Description

The property comprises two vacant basement areas measuring approximately 42 sq m (452 sq ft) combined which is accessed via stairs in the communal hallway.

Location

The property is situated in the popular South west London area of Streatham close to local shops and amenities. The open spaces of Hillside Gardens are within easy reach. Transport links are provided by both Streatham Hill and Tulse Hill rail stations.

Note

The area of the basements as per the title plan is 156 sq m. If the basement area was excavated to its full area, there could be potential for residential development (subject to obtaining all relevant consents).

Tenure (2nd Column)

Leasehold. The property is held on a 99 year lease from 30th October 2015 (thus approximately 97 years unexpired).

Note (2nd Column)

We understand that there is potential for the basement areas to be combined into a single unit for a variety of uses (subject to obtaining all relevant consents).
The property is sold with Freeholders consent for development subject to obtaining planning permission and building regulations.

Viewing Details

No viewings available. Please contact Charles Thomas directly on; charles@auctionhouselondon.co.uk / 0207 625 9007

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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Enquire about Basement Areas at 87-88 Leigham Vale, Streatham, London, SW16 2JG

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