LOT 25

691 Commercial Road, Limehouse, E14 7LF

FREEHOLD VACANT FLAT WITH PLANNING PERMISSION TO CONVERT INTO 2 FLATS PLUS SIDE LAND WITH POTENTIAL AND 2 GROUND RENTS

Result: Refer to auctioneer Guide price: £475,000 PLUS*

Auction Date

Thursday, 15th July 2021 12:00pm

A large Grade II listed property comprising 3 self-contained flats, in a conservation area on the north side of the well known Commercial Road which leads to the City to the west. The Rotherhithe Tunnel is just a short distance away as is Limehouse station (mainline and DLR) and Tesco Express.

Accommodation

Upper 2 Flats : Retained by seller on long leases
Lower Split Level Flat:
Entrance Floor: Front reception with rear open plan fitted kitchen area
Lower Floor: 2 bedrooms, bathroom/toilet
Land at side with access to a railway arch (not inspected) below the now disused railway line.
Rear paved garden.

THE LOWER FLAT IS OFFERED VACANT WITH PLANNING PERMISSION TO DIVIDE INTO 2 FLATS AND POTENTIAL TO RECONFIGURE / EXTEND AT FRONT AND POSSIBLY DEVELOP RAILWAY ARCH (subject to consent).

Planning

PLANNING PERMISSION AND LISTED BUILDING CONSENT GRANTED (09.11.2018, refs: PA/18/02074 & 02075) for EXTENSION AT LOWER & UPPER GROUND FLOORS. Provision of amenity space in adjacent vacant plot with a gated entrance from Commercial Road. Alterations to front lightwell and internally & externally. Plans show the proposed flats would each comprise 1 BEDROOM.

EPC Rating

D

Note

Auction Surveyor: Ian Mann
Contact: 020 8509 4407

Status

Addendum

The side land is long leasehold with about 995 years unexpired and the flat has central heating.

* 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.