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Land For Sale £280,000
Basement Development At 31 Woodville Road, Thornton Heath, Surrey CR7


Description
£280,000

Auction Date and Time The Property is listed in our new “7 day” online property auction.

Bidding starts on the 24/09/2021 13:00 and ends on the 01/10/2021 13:00.

You must be registered in order to bid at the auctions, to register please call the office or visit the website.

London Development Opportunity

Description:
Uneek Homes are proud to be instructed to sell this London development opportunity with planning consent for a 2 bed basement flat and submitted plans for 2 x 3 bed flats


Location:
The property is ideally situated in the popular residential area in Thornton heath, Close to Thornton Heath Train Station it provides excellent transport links to the City. Property benefits from being close to all local amenities and leisure activities.

Site/Planning:
This development opportunity for Excavation to provide basement area flats. With planning consent for a two bedroom flat and construction of lightwells granted by Croydon Borough Council under application number 15/01135/P. In addition A new application for 2 x 3 bed apartments was recently submitted but refused due to not having the required lighting provisions in the plans and refuse storage not considered however a new application with the required provisions being addressed may be accepted - The auctioneers cannot guarantee any planning applications will be accepted and any advise given will be subject to obtaining the necessary planning consents from Croydon Borough Council.

Income:
3 bed flats in the area are currently achieving around £360,000 - £380,000 with the rental income of approximately £1500-£1800 dependant on size and spec when complete

Conditions of Sale:unconditional lotThe Purchaser shall pay a 10% deposit upon the fall of the hammer. In addition a 3% Buyers Premium + VAT and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

Tenure:
Leasehold approx. 108 years remaining



Viewing:
Legal Pack
The legal pack will be available online at least seven days prior to sale ending. It is the responsibility of the Buyer to have read and understood all parts of the legal pack and the conditions of sale. Upon bidding on the property, it will be assumed that you have read and fully understood the legal pack and your obligations.

*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price is legally required to be within 10% of the Guide Price, The guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Section of our website.

Follow the link for more information:
        
zoopla.co.uk

  
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