For Sale By Auction | 12:00, 07 November 2016 | Lot 37

Lower Ground Floor, 7 Newhaven Road, South Norwood, London, SE25 6JQ

Sold £40,000

  • Residential Development
  • 1 Bedroom
  • Tenure: Leasehold. The property will be held on a new 125 year lease upon completion.

Call the team on 020 7625 9007 for more information

Auction Date

Mon 07/11/2016

Auction Time

12:00

Auction Venue

The Ballroom, Landmark Hotel, 222 Marylebone Road, Marylebone, London, NW1 6JQ

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

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 will be held on a new 125 year lease upon completion.

Location

The property is situated in the South East London 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.

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.

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

Planning

Croydon Borough Council granted the following planning permission on the 13th July 2015 (ref: 15/02243/P): 'Excavation to provide one bedroom flat at basement level and construction of lightwells'.

Viewing Details

External viewings only. Excavation required.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.