This property is no longer on the market
Land
Key information
Property description & features
- Tenure: Freehold
- Freehold Development Opportunity in SW9
- Planning for 4 Apartments on a vacant site
- Popular southwest London suburb
- Close to Stockwell & Oval Underground Stations
Description
Development opportunity of a vacant plot of land on an attractive tree lined street in Stockwell, southwest London. Planning permission for the redevelopment of 4 apartments (1 x 1 bedroom, 2 x 2 bedroom, and 1 x 3 bedroom) with private and communal amenity space, as well as refuse and cycles stores, was granted by Lambeth Council under planning reference 19/02621/FUL. Given the substantial size of the plot, the opportunity appeals to both entrepreneurial owner occupiers and developers. Whilst the planning permission is live', it does present a purchaser with a blank canvas.
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Accommodation
Proposed Accommodation Schedule
Flat A Lower Ground Floor 3 bedroom 854 sq ft
Flat B Upper Ground Floor - 2 bedroom - 819 sq ft
Flat C First Floor 2 bedroom 672 sq ft
Flat D Second Floor 1 bedroom 465 sq ft
Location
The property is situated on an attractive tree lined Groveway street in the heart of Stockwell, southwest London. Local residents benefit from a diverse range of local amenities including a wide variety of shops, cafes, and restaurants all close by.
Stockwell Station (London Underground) is just a 10 minute walk (approx. 0.5 miles) from the site and benefits from exceptional connectivity with both Northern and Victoria Line connections. Therefore, central London's main work and transport hubs are highly accessible and include Victoria (10 minutes), Waterloo (12 minutes), London Bridge (14 minutes), Bank (15 minutes), and King's Cross (21 minutes).
For access to green space, residents benefit from close proximity to Slade Gardens, Myatt's Fields Park and Larkhall Park.
Occupancy
Vacant
Tenure
Freehold
Buyers Fee
The buyers fee is £1,500 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property.
Auction Details
The sale of this property will take place on the stated date by way of and is being sold as Unconditional.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to the Common Auction Conditions and Extra General Conditions.
Auctioneer Fees and Deposit
The following deposits and non-refundable auctioneer fees apply:
• 10% deposit, subject to a minimum of £5,000. The deposit contributes to the purchase price.
• Buyer’s Fee- the value of this fee will be listed against the property details, inclusive of VAT.
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
Places of interest
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Property reference 210358. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Knight Frank - Auctions.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on June 9, 2023
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on June 9, 2023
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on January 20, 2020 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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