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Yard to the Rear of, 148 to 166 London Road/ Elm Road, Hackbridge, Sutton, SM6 7HF

Guide price: £400,000.00|Auction date: 2024-06-19|Lot: -|Land, Commercial Land

Property details

SIZE0.13 Acres
ADDRESSYard to the Rear of, 148 to 166 London Road/ Elm Road, Hackbridge, Sutton, SM6 7HF
TYPELand, Commercial Land
TENUREFor Sale Freehold
TENANCYVacant
POSTED ON10th May 2024

Description

Freehold Development Site
Approximately 0.132 Acres (0.053 Hectares)
Current Planning Permission For The Erection Of A Detached Two Storey Building To Provide 4x Two Bedroom Self Contained Residential Apartments
Approximately 448 Sq M (4,822 Sq Ft) GIA (When Built)

DESCRIPTION
The property comprises a predominantly level and irregular shaped cleared site approximately 0.132 acres (0.053 hectares) with vehicular access from Elm Road.

The property has approved planning permission for the erection of four self contained two bedroom residential units providing 2x two bedroom apartments at ground floor level both having private gardens and 2x two bedroom apartments at first floor level having a shared garden.

LOCATION
The property is located off London Road and Elm Road. Access to the property is through Elm Road less than ¼ of a mile from Hackbridge Station (served by Thameslink and Southern). Further to Hackbridge Station the site is close by local bus stops. These transport links allow access into Central London in approximately 30 minutes.

Elm Road links to Hackbridge and London Road (B277) from the south and Longfield Avenue to the north. Nearby occupiers of Elm Road and Longfield Avenue are predominantly residential with a small number of commercial units to the south on London Road.

TENURE
Freehold under Title Number SGL89009.

PLANNING
Planning permission has been granted on 13 January 2022 (with conditions) under Planning Reference Number DM2020/01043. The current planning permission is for the “Erection of a detached two storey building to provide 4 self contained residential units, hardstanding to the front of the property fronting on to Elm Road, with cycle and refuse stores and associated amenity space”.

The full planning documentation is available at the following link: https://planningregister.sutton.gov.uk/online-applications/caseDetails.do?action=dispatch&keyVal=QDEXSXKCL5U00&caseType=Application

We understand The Community Infrastructure Levy (CIL) is £56,670.87.

TENANCY
The property is currently occupied under the terms of an FRI Sub Lease on a three year term from 13 May 2022 at a current rent of £12,000 per annum. This lease is due to expire on 12 May 2025.

The lease has been excluded from Sections 24 to 28 of the Landlord and Tenant Act 1954.

PLANNING AUTHORITY
Sutton Council - www.sutton.gov.uk

BIDDER REGISTRATION
Registration for bidding will close at 2:00 pm the day before the auction, after which we cannot guarantee giving you permission to bid at the auction.

VAT
The property is elected for VAT

ENERGY PERFORMANCE CERTIFICATE
No EPC required

ACCOMMODATION
Address Accommodation Sq M Sq Ft
Ground Floor Flat 1 75.00 807
Ground Floor Flat 2 75.00 807
First Floor Flat 3 70.00 753
First Floor Flat 4 70.00 753
Sub Total GIA of Living Accommodation 290.00 3,122
GIA of Whole inc Amenity Space 448.00 4,822

CONTACT
Lucy Garner Currie
02071982000

VENDOR'S SOLICITOR
francesca maran
07875117810
francesca.maran@ukpowernetworks.co.uk

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
ADMINISTRATION FEE The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply.

Location

marker
Location: Yard to the Rear of, 148 to 166 London Road/ Elm Road, Hackbridge, Sutton, SM6 7HF

Morden (2.3 miles)

Colliers Wood (2.8 miles)

South Wimbledon (2.9 miles)

Hackbridge (0.2 miles)

Mitcham Junction (0.9 miles)

Carshalton (0.9 miles)

Agent's details

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