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Lot - Garages & Land rear of 3 Vanbrugh Terrace, Blackheath, London, SE3 7AP

Guide Price* £60,000 +

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Property Type
Garages
Tenure
Freehold
Type
Residential
Bidder Security Deposit
£3,500*

Property Summary

  • In the same ownership for over 35 years
  • Freehold land of approx. 416.04 sq.m (4,478 sq.ft) with four lock up garages.
  • Two garages vacant, two garages let
  • Development potential (s.t.p.p.)
  • Close to amenities and transport facilities
  • Part vacant currently producing £1,680 p.a.

Freehold land of approx. 416.04 sq.m (4,478 sq.ft) with four lock up garages (Two vacant, two let); Development Potential (s.t.p.p.) – Part vacant currently producing £1,680 p.a.

Description

A parcel of land and four lock up garages rear of 3 Vanbrugh Terrace with direct frontage and access onto Angerstein Lane.

Location

The garages and land are situated rear of 3 Vanbrugh Terrace, having direct access onto Angerstein Lane via Langton Way. Public transport facilities include Blackheath railway station. Shopping amenities with numerous bars and restaurants can be found locally at Blackheath Village. Recreational pursuits are at Greenwich Park.

Accomodation

Garage Tenancy Rent p.a.
Garage 1 VACANT
Garage 2 VACANT
Garage 3 Let on a rolling agreement from 4/9/2015 £960
Garage 4 Let on a rolling agreement from 1/1/2015 £720
Total current rent received £1,680.00 per annum together with vacant possession of two garages

Planning

There may be potential for development subject to the necessary consents. Prospective purchasers must rely on their own enquiries in this regard.

Local Authority – Royal Borough of Greenwich Tel: 020 8854 888 www.royalgreenwich.gov.uk

EPC Rating

Not applicable

VAT

Please refer to the legal pack in this regard

Disclaimer*

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

The Guide Price for the Lot does not include the Buyers Administration Fee of £1,500 (inclusive of VAT). In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, SW Property Auctions must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,000 comprises £3,500 relating to your bidder security (partial deposit payment) and the buyers administration fee of £1,500 (inc. VAT).

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