Home » Property Search » Auctions » 10/10/16 » 11-15 Melbourne Grove, East Dulwich, SE22 8RG

Lot 42 - 11-15 Melbourne Grove, East Dulwich, SE22 8RG

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By Order of B Tobin & P Joseph of Strettons as LPA Receivers

FREEHOLD RESIDENTIAL INVESTMENT
PLUS 2 VACANT COMMERCIAL UNITS - ONE WITH PP FOR RESIDENTIAL

Guide price: Sold Prior *

Auction Date

Monday, 10th October 2016 11:00am

Location & Description

A pair of terraced properties arranged as two vacant ground floor commercial units and self contained upper parts which have been converted into three flats currently subject to AST's.
Located on the east side of Melbourne Grove approximately 50m south of its junction with East Dulwich Road/Dog Kennel Hill with its numerous shops, cafes and restaurants and about 300m east of East Dulwich mainline station.

Accommodation

Upper Flat No.15: Large studio flat subject to an AST for 24 months from July 2016 at £1,150 pcm.
Flat 1 - No.11a: Split level 1-bedroom garden flat subject to an AST from August 2016 at £1,350 pcm.
Flat 2 - No.11a: Split level 2-bedroom flat subject to an AST from July 2016 at £1,450 pcm
No.11:Vacant commercial unit approximately 344 sq ft (32 sq m) requiring improvement
No 13: Vacant commercial unit approximately 742 sq ft (69 sq m) with planning for conversion into a 2-bed flat ref: 15/AP/3538.

EQUIVALENT TO £47,400 p.a. WITH THE BENEFIT OF 2 VACANT COMMERCIAL UNITS (1 WITH PLANNING PERMISSION FOR RESIDENTIAL)

EPC Rating

On Application

VIEWINGS

Tuesday 27th September at 11:00am
Friday 30 September at 3:30 pm
Wednesday 5th October at 4.30pm

Result

Sold Prior for £1,165,000.

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.

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* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.