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Unconditional Lot

Lot 5 - Venner Road

Guide Price*

£1,850,000 Plus Fees

  • 54 Venner Road, London, Lewisham, SE26 5EL

Development Site/Investment Opportunity

Features

  • For sale by online auction on 31 May 2022
  • Development Site/Investment Opportunity
  • Currently arranged as 4 residential flats (2x2 beds and 2x1 beds)
  • Generating £5,000 pcm rental income
  • Planning permission reference DC/21/123295
  • To add a floor on to the current block
  • Creating a top floor duplex and balcony improvements
  • Further Permission to construct
  • 1 x 1 bed and 1 x 2 bed dwellings at the rear of the property

We are delighted to offer to the market with development/investment opportunity.

Currently arranged as 4 residential flats (2x2 beds and 2x1 bed), returning a rental income of £5,000 pcm (£60,000 pa).

Existing flats fully refurbished 12 months ago.

Planning permission has been granted under reference DC/21/123295 Lewisham Council, to add a floor on to the current block creating a top floor duplex and balcony improvements.

Further Permission under same reference to construct 1 x 1 bed and 1 x 2 bed dwellings to the rear of the property.

New services to accommodate future development, water, gas and electric have been implemented.

The property is within walking distance to both Sydnam Overground Station and Penge East. Good local High Street and amenities.

See legal pack for EPC's.

Additional Information

*The guide price may not always be the same as the reserve price .The guide is an indication given by the Auctioneer. Where the guide price is a bracket figure, the reserve cannot exceed the top end of the bracket price. If the guide price is a single figure, then the reserve can be up to 10% in excess of this.

We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but most satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.

54 Venner Road, London, Lewisham, SE26 5EL

For Sale at our Past Auction

 

  • Public Online Auction
  • Started at 12:00pm

To enquire or view, please contact

London

  • 68 Crockford Park Road, Addlestone, KT15 2LU
  • london@tcpa.co.uk
  • 01932 553798

View Contact Details

Auction Finance

Unconditional Lot

UNCONDITIONAL LOT Exchange and administration fee information: (plus fees)

Buyers Administration Fee Applies upon the fall of the hammer, the Purchaser shall pay a 10% deposit (subject to minimum of £5,000, whichever is the greater) and a Buyers Administration Fee of £1200 and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated in the legal pack or on the sales details).

In addition to the purchase price, buyers may be required to pay additional fees, costs and charges.

Full Terms & Conditions