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)

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.

Tenure

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

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.

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).

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

Services

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

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.