Call 0800 038 5996

Guide Price: £250,000.00

Traditional Auction

16a Coldharbour Lane , , Camberwell , SE5 9PR

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CURRENT BID*

£240,000.00

(Place a bid)

AUCTION CLOSED

Lot Number: 66225473

Property ID: 21102445

Whoobid Auctioneers

djacobs@whoobid.co.uk

01202 137200

The minimum current bid is £240,500.00

Fees Apply

Automatic maximum bid £ (only bid in increments of £500)

£

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Guide Price

£250,000.00

Method of Auction

Traditional

Property Type

Commercial

Number Of Beds

1

Tenure

Leasehold Property

Address

16a Coldharbour Lane

Key Features

• POST AUCTION
• High Street Location
• Ideal for Owner Occupiers or Investors
• Potential Yield of 6%+
• Excellent Transport Links
• Leasehold (60 yrs)
• Buyers Fee Applies
• Auction Pack Available On Request

Description

We are delighted to introduce to the market this impressive and unique opportunity of a commercial unit currently split into two businesses. However, the unit is suitable for a variety of occupiers.

The property is sold as a whole unit and is glazed fronted, leading to a café/deli with sit-in diner space, large kitchen and basement as one part and a ladies hair salon leading to an outside courtyard as the other part. There is scope to change the layout if necessary.

The shop is situated at the end of a local parade boasting many commercial business’s, along Coldharbour Lane (A2217). Located behind Kings College Hospital, it benefits from a high footfall and passing vehicular traffic. It is also just to the south of Elephant and Castle and to the north of Denmark Hill. Denmark Hill train Station is a 10 min walk and the premises is very close to many TFL bus services.

This unit is offered to the market with vacant possession if wanted.

Leasehold Information:
Number of years remaining on the lease: 60 years

Current ground rent and any review period:
- £1 per year
- 10 years

Current service charge and any review period:
- £1,300 per year
- 5 years

Council tax band: E

This property is for sale via Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. The winning bidder, assuming the reserve is met, is legally bound to exchange on the property and pay a 10% deposit similar to a traditional auction house sale and they will have 28 days to complete, please check the legal paperwork to confirm deposit amount. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £4,800 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice. PLEASE REMEMBER THAT THE RESERVATION FEES ARE PAYABLE IN ADDITION TO THE SALE PRICE. Fees paid to the auctioneer may be considered as part of the chargeable consideration and may attract stamp duty liability. Bidders will be required to register in order to download the ‘legal pack’, if you choose to bid on the property you will be required to complete further identity checks for anti-money laundering purposes and provide card details before you are able to place a bid. Properties may be sold prior to public auction if an offer is accepted by the vendors.

**Guide price - This is an indication of the seller’s minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction.

**Reserve price - Most auctions will be subject to a reserve price, if this figure is not
achieved during the auction then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above a single figure guide price or if a guide price bracket is quoted the reserve will fall somewhere within those figures.

Property Brochure

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Property Auction Pack

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EPC

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Floor Plan

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**These particulars are produced by the advertising agent and not
verified by Whoobid, they are believed to be correct but their accuracy
cannot be guaranteed and they do not constitute an offer or form part of
any contract.**

Map Location

Property Location

Address: SE5 9PR

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Agent's Information

Name: Whoobid Auctioneers

Address: LONDON, Dorset, EC1V 2NX

Telephone Number: 01202 137200

Email: djacobs@whoobid.co.uk

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