Auction House London

Lot 33

Mixed Use - Commercial Property 

Garland House

177-179 Deptford High Street, Deptford, London, SE8 3NU

Withdrawn Prior to Auction

A Residential and Commercial Investment Comprising Two Commercial Units with Basement Areas/Offices and Six Self-Contained Flat Above (3 x 1 Bed Flats and 3 x 2 Bed Flats). Part Let Producing £64,700 per annum with Vacant Possession of One Retail Unit, One Office and Three Flats.

Description

The property comprises two commercial units with basement areas/offices and six self-contained flats above (3 x 1 bed flats & 3 x 2 bed flats) within an end of terrace mixed use building arrange over lower ground, ground and three upper floors.

Overflow

Location
The property occupies a prominent corner position on Deptford High Street amongst local shops and amenities. Nearby multiples include Paddy Power, Nisa Local, William Hill and numerous local established traders. The open spaces of Sue Godfrey Local Nature Reserve are within easy reach. Transport links are provided by Deptford rail station.

Third Column

Tenure
Freehold


Current Rent Reserved £64,700 per annum. Estimated Rental Value Once Fully Let £124,500 per annum

Viewing Details

Open House Viewings:
Tuesday 27th March 13:45 - 14:15
Tuesday 3rd April 13:45 - 14:15
Thursday 5th April 13:45 - 14:15
Tuesday 10th April 13:45 - 14;15

Addendum

Amended Guide Price: £2,100,000+

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Rent
177 Deptford High Street Lower Ground
Ground
Three Rooms
Shop Area
Vacant Combined ERV: £25,000 pa
179 Deptford High Street Ground

Lower Ground
Shop Area

Three Offices
Let on an FRI lease for a Term of 5 years Producing £1,666.00 pcm
Let on a Lease for a Term of 12 months Producing £325 pcm (Holding over)
£20,000 pa

£3,900 pa
Flat A First One Bedroom Self-Contained Flat Let on a 12 Month AST Producing £800 pcm (Holding over) £9,600 pa
Flat B First Two Bedroom Self-Contained Flat Let on a 12 Month AST Producing £1,300 pcm (Holding over) £15,600 pa
Flat C Second One Bedroom Self-Contained Flat Vacant ERV: £9,600 pa
Flat D Second Two Bedroom Self-Contained Flat Let on a 12 Month AST Producing £1,300 pcm (Holding over) £15,600 pa
Flat E Third One Bedroom Self-Contained Flat Vacant ERV: £9,600 pa
Flat F Third Two Bedroom Self-Contained Flat Vacant ERV: £15,600

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.

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 Garland House, 177-179 Deptford High Street, Deptford, London, SE8 3NU

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