Unsold

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Development opportunity - long leasehold office/basement investment arranged across the lower ground, ground, first and second floors of a mixed-use building. Development potential, vacant.

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Description/Location

The basement provides 28.8 sqm floor space with the potential for a self-contained office, studio or residential use subject to planning. There is a ground floor hallway with stairs up and down and a large cloakroom / wc, a well-presented office on the first floor and a storeroom on the second floor. We are advised the office was previously let at £300 pcm, the tenancy did not include the other elements of the building.

Tenure

Leasehold: 125 years from 01/01/2017

Viewing

Please contact Elliott Network Auctions on 020 7871 0420

Accommodation

Lower Ground Floor: Large basement. Ground Floor: Front door to entrance hall, stairs to lower ground and first floors, cloakroom / wc. First Floor: Landing with stairs to second floor, office. Second Floor: Landing, storeroom.

Virtual Tour

Virtual Tour 7 Perry Vale
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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.