Lot -
Favourite icon active Favourite icon inactive

132 New Cross Road, New Cross, SE14 5BA

United Kingdom
Mixed Use

Sold for £661,000

Property Summary

  • On the instructions of L McPartland and R Gifford of McPartland & Gifford Ltd acting as joint LPA Receivers
  • Freehold mixed use investment
  • Established retail parade
  • South east London suburb
  • Producing £63,000 per annum (12.6% gross)
  • Development potential subject to necessary consents

Contact Us

John Connolly
John Connolly
Property Agent, here to help.

Contact Us

John Connolly
John Connolly
Property Agent, here to help.




Property description

A mid terraced building of traditional construction forming part of an established retail parade. The building is arranged as split ground, let to a firm of accountants and estate agents with separate access to residential accommodation on basement, first and second floors arranged as one self contained studio flat and two self contained one bedroom flats. There is a small yard area to the rear


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 Briant Street and Besson Street and in a mixed commercial and residential area


Please refer to Legal Documents




Tenancy Schedule

FloorAccommodationTenancyRent PA
BasementStudio flat (approx 55 sq. m)AST£14,400
GroundRetail / office (approx 47.05 sq. m)Let to Accountants / Estate agents (refer to legal pack)£12,000
FirstOne bedroom flat (approx 46.5 sq. m)AST£19,200
SecondOne bedroom flat (approx 46.5 sq. m)AST£17,400
TOTAL  £63,000

(1) This information has been provided by the vendor.
The auctioneers have not measured the property. All areas have been obtained from the VOA, Lewisham planning portal and the vendor.


*Terms & 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 £1,250 (inclusive of VAT) charged by BidX1. In the case of a joint agent this administration fee will be £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.
  5. To participate in the sale BidX1 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 £4,750 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee 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. All lots sold “Subject to Vendor Confirmation” will be subject to the acceptance and confirmation by the Vendor. The highest bid will be presented to Vendor, the vendor will have to either accept, decline or make a counter offer the highest bid within the confirmation period. Should the Vendor decide to make a counteroffer, then a private link will be sent to the Highest Bidder advising the offer the Vendor is willing to accept. The Highest Bidder will have to either accept or reject the Vendor’s counteroffer. The Vendor reserves the ultimate right, apart from the auctioneer, to accept and to decline to sell to the highest or any bidder, without giving any reasons.
  8. 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.
days hours minutes second seconds Bidding Closed