Sold prior to auction, for an undisclosed amount

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Freehold development opportunity comprising offices with planning consent for conversion to 2 spacious apartments (1 x 76 sqm, 1 x 77 sq m), vacant. Mews setting opposite Upminster Station.

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Description/Location

Prime location with planning (prior approval) granted by London Borough of Havering Ref: J0050.20 for a pair of spacious 1 bedroom flats, each with a large walk-in dressing room (1 x 825 sq.ft and 1 x 831 sq.ft.). We estimate the current market value at £350,000 per flat. Buyers may elect to reconfigure the apartments to create 2 bedroom layouts subject to the necessary consents.

VAT IS APPLICABLE TO THIS LOT

Tenure

Freehold

Local Authority

Havering Council

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Contact Balgores Upminster on 01708 259539

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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.