Withdrawn prior to auction

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Freehold development opportunity - 3 storey block of 9 flats (sold on long leases) with the benefit of planning for the erection of 1 x 2 bedroom (67 sqm) and 1 x 1 bedroom (45 sqm) penthouse apartments.

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Description/Location

The block is set back from the road with communal grounds. Situated in the heart of Streatham Common close to the new M&S and Streatham Hub development, Streatham Station 0.2 miles. Planning granted by London Borough of Lambeth Ref: 21/03720/P20 on 26/01/2022 to extend the building and create 2 spacious third floor penthouses. Flats 1-9 are each held on leases for 199 years from 25/09/1972 at a ground rent of £50 pa each. We refer bidders to the legal pack and the Section 5a Notices served on the qualifying tenants.

Joint Agent

Local Authority

Office Contact

Network Auctions - 020 7871 0420

Rent

Ground Rent: £450 pa

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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.