221 Rye Lane, Peckham, London, SE15 4TP
- PROPERTY TYPE
Commercial Development
- SIZE
Ask agent
Description
Guide Price £395,000+
The property will be sold by public auction on 12th November at 12:03am
Legal Documents
For a complete view of the legal documents, please download the legal pack from our website.
Don't miss out on this opportunity! Contact us today to arrange a viewing or for more information..
Description
Freehold
A Vacant Freehold Single Story Commercial Shop Offered With Potential Build a Five Storey Hotel (Subject to Obtaining All Relevant Consents)
The property comprises a single story commercial shop situated on a busy mixed use paraded, offered with the potential build a five storey 11 room hotel. (Subject to Obtaining All Relevant Consents). The property was previously leased to Tasty African Restaurant Limited for £30,000 per annum.
We have been advised that there is further income potential by way of 'pop up' advertising on the hoarding whilst under development currently offering £26,000 per annum. Potential for re letting during development with a combined ERV of £56,000 per Annum.
Accommodation
Ground Floor
Single Story Retail Unit
Location
The property is located in a popular mixed use area with nearby multiples within close proximity. Transport links are provided by Peckham Rye rail station.
Viewing Times
5th November at 11:00 - 11:30
Brochures
Legal DocumentsOnline Bidding221 Rye Lane, Peckham, London, SE15 4TP
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Peckham Rye Station0.2 miles
- Queens Road Peckham Station0.6 miles
- Nunhead Station0.6 miles
Notes
Disclaimer - Property reference 266329. 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 Swift Property Auctions, London. 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.
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 Swift Property Auctions, London on 020 7123 9417.
*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.”
Map data ©OpenStreetMap contributors.