A vacant leasehold (150 years from 24 June 2005) lower ground floor basement flat in need of design, modernisation, repair and planning permission with an extent of 409 SQFT. Ideal for investors and developers. (Title number: TGL267013)
FOR SALE BY AUCTION: To be sold by public auction on the owner's instruction. A vacant leasehold (150 years from 24 June 2005) lower ground floor basement flat in need of design, modernisation, repair and planning permission with an extent of 409 SQFT. Ideal for investors and developers. To be sold via online bidding on Friday, 27 June 2025.
Auctioneers' comments: 'A unique opportunity for an investor/developer to bid and buy this property to overcome the design and layout challenges to realise substantial forced appreciation in a densely populated part of London'
Auction date
The property is to be sold by public auction on Friday, 27 June 2025 via a 2-hour online bidding window.
Description
Leasehold, vacant, in need of design, repair and modernisation, 409 SQFT
Location
Southwark, London, 0.4 miles to East Dulwich railway station (Zone 2), 0.8 miles to North Dulwich railway station (Zone 2,3)
Accommodation
Lower ground floor: two rooms, landing, hall
EPC rating
F
Tenure
Leasehold with vacant possession
150 years from 24 June 2005
Local authority and council tax band
London Borough of Southwark
Council tax band: unknown
Pre-auction bids
To make a pre-auction bid, you must be an approved bidder. Once you have set up your online bidding account, verified your ID and paid the security deposit, you can email the amount you would like to bid. The common auction conditions and special conditions apply to all pre-auction bids, and no conditions will be acceptable. Should your pre-auction bid be accepted, you will need to immediately pay the balance of the 10% deposit (min. £5,000) and all auction fees listed. The Auctioneer reserves the right to refuse any bid.
Auction fees
In addition to the 10% deposit (min. £5,000) of your winning bid, you must pay an auction buying commission of 2.5% plus VAT (min. fee of £2,100.00 plus VAT) of the purchase price and auction buying fee of £1,900.00 plus VAT. Please be aware that additional fees may be payable on completion, including disbursements in the legal pack. Check the legal pack for each lot you are interested in before bidding.
* 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.
Lot 122 - Lower Ground Floor Flat, 85 Melbourne Grove, London, Southwark, SE22 8RR
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