Lot 9 Mixed Use Freehold Redevelopment Opportunity With Planning ApprovalAuction Date:
8th February 2023
104-106 Welling High Street, Welling, Kent, DA16 1TJ
This mixed residential and commercial redevelopment opportunity is located in a prominent position in Welling, South East London close to local facilities, public transport and just over half a mile from Welling railway station, providing regular Southeastern services to Victoria, Charing Cross and Cannon Street.
Established businesses include Tesco and Morrisons. The approved planning scheme provides for a contemporary brand new residential apartment building with commercial retail/office space and is considered to be of particular interest to major development organisations.
The existing detached building is substantial, with rear access and parking area (previously known as The Welling Sewing Centre) but is now in a dilapidated condition.
Existing Accommodation
Arranged over two floors.
Ground Floor
Eight rooms with W.C.
First Floor
Six rooms with two W.C.’s
Outside
Extensive rear parking and utility area.
Planning
Planning Permission has been granted by the London Borough of Bexley, under ref: 22/00710/FUL, dated 9th September 2022, for the demolition of existing building and erection of a part four/part five storey building comprising commercial/retail space (Class E) on the ground floor, offices (Class E) on the first floor and seven, two-bedroom and two, one-bedroom apartments above with associated parking, bin store and cycle storage, subject to conditions.
A copy of the Planning Consent and accompanying documents may be downloaded from the Local Planning Authority website, The London Borough of Bexley Tel: 020 8303 7777
website: www.bexley.gov.uk
Proposed Development
The approved scheme comprises:
Ground Floor
Retail/commercial premises measurement 195 sq.m. (2,098 sq.ft.).
First Floor
Commercial office space measuring 116 sq.m. (1,248 sq.ft.). With two balconies, two-bedroom flat (01) measuring 65.5 sq.m. (705 sq.ft.).
Second Floor
Two-bedroom flat (02) measuring 61.7 sq.m. (664 sq.ft.), one- bedroom flat (03) measuring 59.6 sq.m. (641 sq.ft.), two- bedrooom flat (04) measuring 65.7 sq.m. (707 sq.ft.).
Third Floor
Two-bedroom flat (05) 61.7 sq.m. (664 sq.ft.), one- bedroom flat (06) measuring 59.6 sq.m. (641 sq.ft.), two- bedroom flat (07) measuring 65.7 sq.m. (707 sq.ft.).
Fourth Floor
Two-bedroom flat (08) measuring 73.7 sq.m. (793 sq.ft.), two-bedroom flat (09) measuring 81.3 sq.m. (875 sq.ft.) with further amenity areas.
All flats will be serviced by a lift.
Auctioneer’s Note
The Auctioneers have not inspected the existing building internally and all accommodation details and measurements have been taken from the approved plans. All sizes specified are Gross Internal Areas (GIA).
Freehold with Vacant Possession
There is an addendum available to be read
in conjunction with the legal documentation.
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 Buyers Fees
