Lot 33

FREEHOLD COMMERCIAL AND RESIDENTIAL INVESTMENT

271 Eltham High Street, London, SE9 1TY
271 Eltham High Street, London, SE9 1TY
Sold £437,000

Currently let at £16,600 per annum plus vacant first floor residential

A substantial three storey property situated in a busy parade fronting Eltham High Street close to the junction with Southend Crescent.

The property has, for many years, been divided to comprise a ground floor hairdressing salon with separate access to the front and the upper parts providing a self-contained flat on the top floor together with three residential rooms with shared facilities, which were rented on a room by room basis.

The first floor has a House of Multiple Occupancy (HMO) Licence.

The windows in the upper parts have been replaced with uPVC double glazed windows.

It is considered there may be potential for conversion of the first floor into self-contained flats, subject to all necessary consents being obtainable.

Local Planning Authority

Royal Borough of Greenwich. Tel: 020 8921 5442. Website: royalgreenwich.gov.uk.

Ground Floor

Hairdressing Salon

Front salon with rear ancillary accommodation.

Tenancy

Let on a 15 year Commercial Lease from 25th June 2009 at a current rental of £10,000 per annum.

Upper Parts

Ground Floor

Separate entrance door to front.

First Floor

Shared kitchen, bathroom with W.C. and washing machine.

Room 1

Vacant. Previously let at approximately £400 per calendar month.

Room 2

Vacant. Previously let at approximately £400 per calendar month.

Room 3

Vacant. Previously let at approximately £400 per calendar month.

Second Floor

Flat

Hallway, living room, kitchen, bedroom and shower room with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £550 per calendar month.

Freehold with Part Vacant Possession

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/