Planning consent granted to add an infill additional floor for self-contained residential use
Rent subject to 5 yearly upward only open market reviews
Approximately 3 miles south of Central London
Lot 23
Auction 14th February 2019
Rent £75,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector Public House
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
1 mile south-east of Oval cricket ground, 2.5 miles south-east of Westminster, 3 miles south of Central London
Roads
Camberwell Road (A215), Camberwell New Road (A202), South Circular Road (A205), A23
Rail
Denmark Hill Overground Station (Approx 9 mins to London Victoria), Oval Underground Station (Northern)
Air
London Heathrow Airport, London City Airport, London Gatwick Airport
Situation
The property is prominently situated on the west side of the busy Camberwell Road (A215), in the popular South East London suburb of Camberwell. The property benefits from being approximately 900 metres to the major King’s College Hospital and some 2.5 miles south-east of Westminster. The immediate surrounding area benefits from substantial new private residential development (See: www.wingofcamberwell.co.uk).
Tenure
Freehold.
Location
Miles
1 mile south-east of Oval cricket ground, 2.5 miles south-east of Westminster, 3 miles south of Central London
Roads
Camberwell Road (A215), Camberwell New Road (A202), South Circular Road (A205), A23
Rail
Denmark Hill Overground Station (Approx 9 mins to London Victoria), Oval Underground Station (Northern)
Air
London Heathrow Airport, London City Airport, London Gatwick Airport
Situation
The property is prominently situated on the west side of the busy Camberwell Road (A215), in the popular South East London suburb of Camberwell. The property benefits from being approximately 900 metres to the major King’s College Hospital and some 2.5 miles south-east of Westminster. The immediate surrounding area benefits from substantial new private residential development (See: www.wingofcamberwell.co.uk).
Tenure
Freehold.
Description
The property comprises a public house on the ground floor with ancillary accommodation in the basement. The first floor comprises a three bedroom residential flat.
VAT
VAT is applicable to this lot.
Planning
We understand that the property is not Listed and is not within a Conservation Area, but the ground floor and basement are registered as an Asset of Community Value. The property may be suitable for future residential redevelopment of the upper parts.
Planning permission (ref 15/AP/4839) was granted in April 2016 to infill the ground floor rear with retention of A4 use. In addition, the permission allowed for the change of use of the ancillary first floor accommodation to C3 residential with the extension of the mansard roof to allow for an additional second floor to be installed.
Completion Period
Six Week Completion
EPC
Band D
Description
The property comprises a public house on the ground floor with ancillary accommodation in the basement. The first floor comprises a three bedroom residential flat.
VAT
VAT is applicable to this lot.
Planning
We understand that the property is not Listed and is not within a Conservation Area, but the ground floor and basement are registered as an Asset of Community Value. The property may be suitable for future residential redevelopment of the upper parts.
Planning permission (ref 15/AP/4839) was granted in April 2016 to infill the ground floor rear with retention of A4 use. In addition, the permission allowed for the change of use of the ancillary first floor accommodation to C3 residential with the extension of the mansard roof to allow for an additional second floor to be installed.
Completion Period
Six Week Completion
EPC
Band D
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground First Basement
Public House 3 Bedroom Flat Storage
116 sq m 89 sq m 89 sq m
(1,252 sq ft) (954 sq ft) (961 sq ft)
INDIVIDUAL
20 years from 02/05/2017 until 1/05/2037 on a full repairing and insuring lease
£75,000
02/05/2022, 02/05/2027, 02/05/2032 (1)
Totals
294 sq m
(3,167 sq ft)
£75,000
(1) The rent is subject to 5 yearly upward only rent reviews to open market rental value.
