Auction
Favourite icon active Favourite icon inactive

57-58 Hill Reach, Woolwich, SE18 4AL

  • Auction
  • Lot 13
  • United Kingdom
  • Flat
  • Residential

Guide Price £595,000

Bidder Security £9,000 *fully refundable if unsuccessful bidder
Auction Date 25 April
Bidding Opens 10:00 (GMT+1)
Bidding Closes 11:48 (GMT+1)

Property Viewings

Viewings have not yet been scheduled for this property.
Book Viewing

Property Summary

  • Freehold residential investment
  • Includes three leasehold flats to be offered as one lot
  • Three x 2/3 bedroom flats
  • Flats 1 and 3 are currently let on AST's (holding over)
  • Two occupied flats are currently producing £32,268 PA

Contact Us

Ethan Millman
Ethan Millman
Property Agent, here to help.
Chris Biggs
Vendor's Solicitor

Contact Us

Ethan Millman
Ethan Millman
Property Agent, here to help.
Chris Biggs
Vendor's Solicitor

Downloads

Property description

Three split-level leasehold flats situated over four floors of a mixed-use building (adjoining commercial premises to the rear). The flats are accessed from the street, via the front of the building.

Photographs and floorplans (measured externally) represent Flat 1 (ground - occupied) and Flat 2 (first floor - vacant).

Location

Hillreach is in the residential town of Woolwich, Southeast London, just shy of the River Thames, East of Greenwich (3 miles, via the A206) and West of Plumstead (2 miles, via the B210), with Eltham approximately 3 miles to the South (via the A205).

Regular DLR and trains operate from nearby, Woolwich Dockyard (7-minute walk) into Greenwich in under 9 minutes. Central London statitons such as London Bridge and Cannon Street are within 30 minutes commute. The Elizabeth Line is just a 5-minute bus ride and 5-minute walk from the DLR station. Riverboats runs regularly into Canary Wharf, City and the West End from Woolwich pier. 

London City Airport  lies approximately 3 miles to the North (30 minutes’ drive), providing international and domestic services. For motorists, the A205 and South Circular provides easy access out of London, towards Surrey, Eastbourne and Worthing.

The property is well positioned for proximity to green space. Local parks include Maryon Wilson Animal Park, Charlton Park (both a 10-minute walk). Blackheath is a 10-minute bus ride and Greenwich Park is a short walk from the Heath.

Planning

Royal Borough of Greenwich (020 8854 8888) https://www.royalgreenwich.gov.uk/

Tenure

Each flat has a long leasehold interest for a term of 125 years from 2017 (118 years approx remaining) at a peppercorn ground rent (refer to legal pack).

Accommodation

Flat 1 (ground floor): 2/3 bedrooms, 2 bathrooms, open plan kitchen/ diner

Flat 2 (first floor): 2/3 bedrooms, 2 bathrooms, open plan kitchen/ diner

Flat 3 (second floor): 2/3 bedrooms, 2 bathrooms, open plan kitchen/ diner 

Additional Details

FlatFloorAccommodationTenancySizeRent (£pa)EPC Rating
1GroundTwo/ Three bedroom flatAST (hold over)579 sqft (53.84 sqm)16,068C
2FirstTwo/ Three bedroom flatVacant610 sqft (56.69 sqm)N/AD
3SecondTwo/ Three bedroom flatAST (hold over)Unmeasured16,200D

 

VAT

Please refer to Legal Documents

Helpful links

*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 £1,295 (inclusive of VAT) for all properties up to £49,999, and £2,400 (inclusive of VAT) for all properties £50,000 and above 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 £4,795 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 acceptance and confirmation by the Vendor. The highest bid will be presented to the Vendor, the Vendor will have to either accept, decline or make a counteroffer, within the confirmation period. Should the Vendor decide to make a counteroffer, then a private link will be sent to the Highest Bidder advising of the offer the Vendor is willing to accept. The Highest Bidder will be obliged to 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