Lot 05 328 New Cross Road, London, SE14 6AG

Bidding Closed

SOLD FOR

£480,000

Property Enquiries

Simon Bailey

simon.bailey@bidx1.com
07732681156

Viewing Registration / Enquiries

BidX1 Support Team

info@uk.bidx1.com
+44 (0) 20 7703 4401

Vendor Solicitor

Chris Biggs

cbiggs@lightfoots.co.uk
01844 267 166
Description
Map
Viewings

Addendum
1. The Receivers do not hold any rent deposits & cannot offer any warranties as to their existence. 2. We understand that there is a basement that forms part of the commercial element and the commercial lease. The auctioneers have not inspected or measured but from the EPC understand the floor area to be 53 sq m across the two floors
Property Summary
  • Freehold mixed use investment
  • Arranged as a hot food takeaway unit and two flats
  • Established retail parade
  • South east London suburb
  • Producing £28,800 per annum
  • 6 week completion available
  • On the instructions of James Liddiment & Paul Greenhalgh of Duff & Phelps as Joint Fixed Charge Receivers
Tenure

Freehold

Location

New Cross forms part of the London Borough of Lewisham about 4 miles south east of central London and can be accessed via the A2 (New Cross Road), A202 (Queen's Road) and A20 (Lewisham Way). The area is served by two railway stations at New Cross and New Cross Gate, both of which are served by London Overground providing local rail services as well direct services in to stations including London Bridge, London Victoria, Charing Cross and Cannon Street.

The property forms part of an established parade on the south side of New Cross Road in between its junction with Seymore Mews and Lewisham Way close to Goldsmiths College and in a mixed commercial and residential area.

Description

A mid terraced building of traditional construction forming part of an established retail parade. The building is arranged as a ground floor hot food takeaway unit with separate access to residential accommodation on the first and second floor arranged as two self contained one bedroom flats. There is a small yard area to the rear.

Accommodation

Rental Information

Total Current Rent Reserved £28,800 per annum

Planning

London Borough of Lewisham (020 8314 6000) www.lewisham.go.uk

VAT
Please refer to Legal Documents
Property Table
FloorAccommodationTenancyRent PA
TOTAL  £28,800
GroundHot food takeaway - 18.10 sq m (195 sq ft)Individual t/a Bola Cuisine - Holding over (1)£12,000
FirstOne bedroom flatAST£8,400 (2)
SecondOne bedroom flatAST£8,400 (3)

(1) We understand that the tenant has been in occupation for over 5 years (refer to legal pack)
(2) Rent deposit of £700 held
(3) Rent deposit of £700 held
The auctioneers have not measured the property. All areas have been obtained from the VOA.

EPC

Refer to the legal pack


*Terms and Conditions

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,000 (inclusive of VAT) charged by BidX1. In the case of a joint agent this administration fee will be £2,000 (exclusive 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.
  5. To participate in the sale BidX1 must hold a minimum amount from all bidders. This participation amount is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,500 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee of £1,000 inc. VAT payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.


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