Lot 1 - 120 and 120A Evelina Road, London, SE15 3HL

  • Unconditional Online Auction Sale
  • Guide Price* : £500,000

Addendum

Energy Asset Rating is C for the retail unit and E for the flat.

  • Mixed use investment
  • Combined annual rent of £38,400
  • Separately accessed 1 bed flat

ON BEHALF OF RECEIVERS: Mixed use investment comprising retail with residential above let at a combined annual equivalent income of £38,400

Description

The property comprises a mid-terrace mixed use building having ground floor retail and the upper floor provides a separately accessed, recently refurbished split level self-contained one bedroom flat. They are currently let on separate tenancies, with the ground floor let at £1,800 per month and the flat at £1,400 per month. The title includes a long leasehold interest to the flat allowing for convenience should the purchaser wish to sell separately at a later date.

Location

Located in Nunhead which is a district in the London Borough of Southwark, approximately 4.9 miles south east of Central London.. The property fronts the (A2214) Evelina Road opposite the junction with Kimberley Avenue. The A2214 connects to the north east to (A202) Queens Road a primary road providing access to London City Centre and the motorway network. Nunhead Train Station is 0.3 miles which provides services to London Blackfriars and London Victoria.

Tenure

Freehold, together with a separate leasehold interest for a term of 125 years from September 2015 at a rent of £250 per annum.

Accommodation

Ground Floor: A main sales area with steps to a Store, Office, Kitchen, and Shower Room with a staircase down to the basement which has low head height, steel supports to the ground floor and is used for storage.

Approximate area (excludes basement) : 44.64 sq. m (480 sq. ft)

Flat: Hall, Kitchen, Shower Room, Bedroom and Living Room.

Approximate area (include GF entrance) : 55.92 sq. m (602 sq. ft)

Outside

Rear garden.

Tenancies

Ground Floor: Let to Ariasa Cleaning Supplies Limited holding over on a 1 year lease from 1st May 2020 at a rent of £1,800 per month.

First Floor: Statutory periodic tenancy following expiry of an AST granted for 1 year from 1st May 2020 at rent of £1,400 per month

EPC

Energy Asset Rating is C for the retail unit and E for the flat.

Buyers Administration Fee

There will be a Buyer's Administration Fee of £2400 (inc VAT) payable upon exchange of contracts.

Additional Information

1. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.

2. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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Sold for £500,000

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