Lot

46

294 Brixton Road, Brixton, SW9 6AG

Property Enquiries

Mat Harris

mat.harris@bidx1.com
+44 (0) 20 3929 8291

Viewing Registration / Enquiries

BidX1 Support Team

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

Vendor Solicitor

Tanya Pritchard

tp@charlesworthnicholl.co.uk
01363 774706

Description

Map

Viewings


Property Summary
  • Freehold mixed use investment
  • Includes a ground floor shop with large basement used as a meeting hall, and 4 self-contained flats
  • Potential to create further basement flat, subject to consents
  • Producing £24,960 per annum (Plus three vacant flats)
Tenure

Freehold

Location

The property is prominently situated on the east side of Brixton Road (A23) close to the junction with Loughborough Road.  The area is well served by local bars and restaurants  as well as recreational amenities at Slade Park and slightly further away at Clapham Common.  Brixton overland and underground tube stations (Victoria line) are situated to the south of the property, whilst Oval underground tube station (Northern line) is to the north. The immediate area is a mix of commercial and residential. 

Description

The property comprises a four storey mixed use building of period construction arranged as ground floor shop and basement with a ground floor and basement self-contained two bedroom flat to the rear of the shop with a private side courtyard.  There is rear access to the flat via a service road leading off Thornton Street as well as all flats having access from the front of the property. The remaining three self-contained flats are one bedroom. 

There could be potential to convert the rear ground/basement flat into two separate residential units by developing out the basement area, subject to obtaining all of the necessary consents.  The flat would be accessed from the front and have the additional benefit from a new separate rear entrance.  Interested parties should make their own enquiries in this respect.

VAT
Please refer to Legal Documents
Property Table
UnitAccommodationTenantTenancyRent Per Annum
     
Ground floor shop
Basement
26.05 sq m (280 sq ft)
36.80 sq m (396 sq ft)
The Redeemed Christian Church of God (RCCG)Holding over£12,000
Ground/basement flatTwo bedroom flatVacant Vacant
Flat A (first floor)One bedroom flatVacant Vacant
Flat B (second floor)One bedroom flatVacant Vacant
Flat C (third floor)One bedroom flatIndividualAST£12,960
EPC

Refer to 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 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 of £4,500 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.