Lot 29
    Residential Development
    Oakdene
    51 Bourne Way, Bromley, Kent, BR2 7HA
    Unsold, please refer to Auctioneer
     
    Number 1
    A Freehold Residential Development and Ground Rent Investment Opportunity Comprising a Detached Block of Nine Flats (All Sold Off with an Annual Combined Ground Rent of Income of £1,000) Offered with Full Planning Permission for the Erection of an Additional Storey to Provide 2 x One Bedroom Flats and 1 x Two Bedroom Flat.

    Location

    The property is situated on a residential road close to local shops and amenities. The open spaces of both The Knoll and West Wickham Common are also nearby. Transport links are provided by Hayes rail station which is a short walk away.

    Accommodation

    Nine flats arranged over three floors (all sold off on leases ranging between 88 years unexpired to 998 years unexpired with a combined ground rent of £1,000 per annum - refer to legal pack for more information)

    Exterior

    The property benefits from communal gardens and off-street parking spaces.

    Planning

    Bromley Borough Council have granted the following planning permission (Ref: 18/03182/FULL1) on 11th October 2018:
    'Construction of a third floor roof extension to the existing building to provide 3
    residential units (2 x 1 bed and 1 x 2 bed).'

    Proposed Accommodation

    An additional floor to provide a further three flats (2 x 1 bed, 1 x 2 bed).

    Note

    The sale will be by way of a company sale within an SPV (Special Purpose Vehicle) - please refer to the legal pack for more details.

    Addendum

    Planning permission was granted on 11th October 2018 and not as originally published.
    For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on
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    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.

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