Property Details - 177-179 High Street, Deptford, London

Photo of 177-179 High Street, Deptford, London

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Lot 26

This interesting investment opportunity consists of a corner site double fronted building arranged as two commercial units and six self contained flats. The property is situated a stone's throw from Deptford Main Line Station and within close proximity of the River Thames. New Cross and New Cross Gate Stations are also close by along with bus routes and shopping facilities. The building is of mixed use and arranged over four floors of basement and uppers and consist of two lock up shops, 3 x one bedroom apartments and 3 x two bedroom apartments. 1 of the one bedroom flats is currently let on an AST at £800pcm and 2 of the two bedroom flats are currently let out at £1300pcm. One of the commercial units is let at £1600 pcm (£19,200 pa) to a solicitors firm and the other commercial unit is currently vacant. We understand that there is also space to the rear for further development subject to obtaining any necessary planning consent that may be required. In our opinion the property has an ERV in the region of £107,000. This property offers an excellent investment opportunity and is sold with the benefit of some ongoing income and the opportunity of re-letting or splitting up for disposal.

ACCOMMODATION

177 - retail zones, staff toilets, internal storage in basement
Total area: 114.2 sq m (1229 sf) (taken from VOA)
GF 179 - retail zones, internal storage, kitchen, staff toilets
Total area: 97.57 sq m (1050 sf) (taken from VOA)
First Floor: Flat A: lounge (6.51m x 3.25m) with kitchenette (x 2.65m) bedroom (5.29m x 2.76m), bathroom (1.4m x 2.71m)
Flat B: no access
Second Floor: Flat C: no access
Flat D: lounge (7.24m x 2.95m) with kitchenette (x2.87m) bedroom 1 (3.22m x 2.27m), bedroom 2 (4.09m x 2.68m), bathroom (1.96m x 1.9m)
Top Floor: Flat E no access

TENURE

Freehold

LOCAL AUTHORITY & TAX RATING

London Borough of Lewisham 020 8314 6000
Rateable Values: 177: £16,778 GF 179: £19,425
The flats have council tax ratings of Band A or Band B.

VIEWING TIMES

Friday 23rd March @ 12 noon

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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.

177-179 High Street, Deptford, London