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Lot 1 - 16 Sylvan Road, Wanstead, London, E11 1QN

Guide Price* £550,000

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

Property Summary

  • On the instructions of the Joint Administrators
  • Freehold former care home
  • Potential for conversion to residential, subject to consents
  • 159.71 sq m (1,719 sq ft)
  • Vacant possession

Freehold former care home of approximately 159.71 sq m (1,719 sq ft) with potential for conversion to residential. Vacant possession

Description

The property comprises a detached two storey former care home of approximately 159.71 sq m (1,719 sq ft), of traditional brick construction beneath a pitched tiled roof.

The ground floor hallway provides access to all rooms. There is a front reception room, previously used as a day room/lounge and rear room with wash basin and basic ensuite which would have been used as a bedroom. There is a kitchen, utility room, small office, conservatory and a WC. The first floor is arranged as three bedrooms and an additional lockable staff room. There is a bathroom/WC and a separate WC. There is also a cellar.

The property is in a dated condition and requires refurbishment or would suit a change of use to residential subject to consents.

Location

Wanstead is located 4 miles north-east of Stratford, 2 miles east of Walthamstow, 4 miles south of Chingford and 10 miles north-east of central London. The area is well served with transport routes including the North Circular Road (A406), Eastern Avenue (A12), M11 motorway as well as London Underground services (Central Line) at Snaresbrook and Wanstead stations. A range of bars, cafes and local shopping amenities can be found along High Street, whilst recreational pursuits at Leyton Flats and Wanstead Park are both close by.

The property is situated on the west side of Sylvan Road, a residential area that runs northwards from High Street to Hermon Hill.

Accommodation

Address Floor Sq.M Sq.Sf
16 Sylvan Road Ground 80.29 864
First 79.41 855
Conservatory 14.50 156
Cellar (estimate) 46.11 496
Total 159.71 1,719
The total floor area stated above does not include the conservatory or the cellar.

Planning

Local Planning Authority – London Borough of Redbridge (020 85545000) www.redbridge.gov.uk

EPC Rating

Awaiting

VAT

Refer to the legal pack

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 £2,400 (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 £5,900 comprises £3,500 relating to your bidder security (partial deposit payment) and the buyers administration fee of £2,400 (inc. VAT).

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Documents

Additional Information

Property Map

Office Contact

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Oliver Childs
07732 681 150
Sanderson Weatherall LLP,
4th Floor,
87-88 Bartholomew Close,
London,
EC1A 7BL

Joint Agent

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Sanderson Weatherall LLP
Philip Waite
07511 873005

Vendors Solicitor

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Womble Bond Dickinson LLP
Laura Beardsmore
0113 290 4481

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