Property Details - 94 Knights Hill, West Norwood

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Lot 14

This terraced property is arranged over three floors and comprises of a vacant shop on the ground floor with three self-contained flats on part ground, first and second floors which have all been sold on long leases; two expiring 24.12.2164 at peppercorn ground rents and one expiring 24.12.2109 with £50pa ground rent (rising). Located on the West side of Knights Hill between Thornlaw Road and St. Julian's within a mixed residential and commercial location and benefitting from the footfall to and from West Norwood main line station. Offered with vacant possession of the shop, the property would be of interest to investment purchasers and owner-traders.

ACCOMMODATION

The Valuation Office Agency shows the Accommodation as:
Retail Zone A: 18.28 m2 (196.77 ft2); Retail Zone B: 12.62m2 (135.84 ft2); Kitchen 1.8m2 (19.37 ft2)

TENURE

Freehold

LOCAL AUTHORITY & TAX RATING

London Borough of Lambeth. Tel: 020 7926 1000
Rateable Value: £4,950

ADDENDUM

The above property will be offered as an Investment and NOT with vacant possession.

It has been let on a FRI Lease agreement for a term of 5 years from October 2015 and expiring October 2020 at a rent of £750 per month (equating to £9,000 per annum) with 3 months’ rent held in advance and a break clause after 2 years

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Price Information

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

Additional Fees

Please note that the following additional fees will apply to the purchase of your property:

Buyers Premium of £600 inclusive of VAT
Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to you prior to auction. You will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
Stamp Duty - rates easily available on-line
Your solicitor fees and any survey fees
Insurance - it is your responsibility from the date of exchange to insure the property purchased.

94 Knights Hill, West Norwood

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