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10 bedroom block of apartments for sale

6-12 Paxton Place, West Norwood, London SE27

Removed £3,500,000

Property Description

Key features

  • For sale by auction
  • Vacant Freehold House
  • Bedrooms: 10

Full description

Tenure: Freehold

Lot 50 - This lot is for sale by auction as lot 50 on 15th December 2016.

A Freehold Purpose Built Five Storey Block

- Internally arranged to provide Eleven Recently Refurbished Self-Contained Apartments (Majority Duplex) together with Ground Floor Commercial Accommodation
- 10 x Two Bedroom and 1 x One Bedroom Flats
- Seven Flats let on Assured Shorthold Tenancies, Four Flats Vacant
- Commercial Premises subject to a Long Lease
- Gated Car Parking for Four Cars
- Total Current Rent Reserved

£91,480 per annum (equivalent) from Seven Flats with Four Flats Vacant


Tenure
Freehold.

Location
The property is located on the east side of Paxton Place, which runs between Hamilton Road and Gipsy Road. South Croxted Road (A2199) is nearby and links to the South Circular Road, which connects West Norwood and West Dulwich. Gipsy Hill Rail Station is approximately 0.3 miles from the property and provides commuters with services to London Victoria in 23 minutes, London Bridge in 28 minutes and West Croydon in 13 minutes. West Norwood has become increasingly popular in recent years for both young professionals and families, and boasts an array of independent retailers, restaurants, bars and leisure facilities.

Description
The property comprises a modern block arranged over ground and four upper floors. The block is internally arranged to provide eleven self-contained flats together with ground floor commercial accommodation. Externally, there are four allocated parking spaces.

Accommodation and Tenancy
A schedule of Accommodation and Tenancies is set out below.

Planning
Local Planning Authority Lambeth Borough Council. Tel 0207 737 1009. Interested parties may wish to note The existing ground floor offices (which are subject to a 999 year lease) at the property have recently been subject to a successful prior approval application for conversion into four flats (3 x one bedroom and 1 x two bedroom). Furthermore, the adjacent mechanics garage (1-7 Paxton Place) is the subject of a current planning application for the erection of a four storey apartment block comprising five new flats. NB. Floor plans of the subject flats are available from the Auctioneers upon request. Please email jimmy.bruce@allsop.co.uk

To View
The property will be open for viewing every Tuesday and Thursday before the auction between 4.00 - 4.30 p.m. (Ref Acorn)

Joint Auctioneer
Messrs Acorn Ltd (Ref Jeff East)Tel 0207 089 6555Email jeff.east@acorn.ltd.uk

Seller's Solicitor
Messrs Michael Simkins LLP (Ref Sal Mamujee).Tel 0207 874 5645Email sal.mamujee@simkins.com

Guide Prices. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted 'subject to contract'. The latest published guide price, or range of prices, are displayed on our website. The latest published guide, or range of prices, will normally be at or above any reserve price. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may fix the final reserve price just before bidding commences. If a guide price is listed as 'TBA', it means that there is no guide price at present - please do not call our office. The guide price, or range of prices, will be published online immediately it becomes available at www.auction.co.uk. Please check regularly for updates. Lots may be sold or withdrawn prior to auction.

Listing History

Added on Rightmove:
14 November 2016

Map & Street View

Disclaimer - Property reference 970000051. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Allsop , Auction. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Allsop , Auction on 0207 494 3686.


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