Auction House London

Lot 74

Residential Development - Commercial Property 

Basement at

7 Newhaven Road, South Norwood, London, SE25 6JQ

Sold for £22,000

A Residential Development Opportunity with Planning Permission to Create a One Bedroom Self-Contained Lower Ground Floor Flat.

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 2016 thus approximately 122 years unexpired).

Location

The property is situated in the South East London area of South Norwood close to local shops and amenities. The open spaces of Heavers Meadow are within easy reach. Transport links are provided by Selhurst rail station.

Planning

Croydon Borough Council granted the following planning permission (Ref: 19/03437/FUL) on the 25th October 2019:
'Excavation to provide one bedroom flat at basement level and construction of lightwells'.

Proposed Accommodation

The proposed application is to excavate the area below the ground floor and to create a one bedroom self-contained flat measuring approximately 613 sq ft.

Note

The property benefits from freeholders consent. The property has not been inspected by Auction House London. All information has been supplied by the vendor.

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 NowFinance Available
There are no internal viewings - Development Opportunity For further information, please register for the legal pack. For all enquiries, please contact Jordan Phillips at jordan@auctionhouselondon.co.uk
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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