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Lot 30
357-359 Walworth Road, Elephant & Castle, London SE17 2AL

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Sold: £2,360,000

IN SAME FAMILY OWNERSHIP FOR APPROX 29 YEARS
6 Week completion

SITUATION

Occupying a prime trading position on the main A215 Walworth Road diagonally opposite The Gym, Peacocks and Iceland, adjacent to Betfred and amongst other such multiples as Argos, Superdrug, Tesco Express, Santander and many more. Kennington Underground Station (Northern Line) and Elephant & Castle Underground Station (Northern & Bakerloo Lines) are both within ¾ of a mile and Westminster lies approx. 2 miles to the north.

Southwark Council is currently undergoing a £3bn regeneration programme to bring a landmark redevelopment to Elephant & Castle designed to create a major new town centre with around 3,000 new homes:
Visit: www.elephantandcastle.org.uk

PROPERTY

A mid terraced building comprising 2 interconnecting Ground Floor Shops each with Basement Storage together with separate front access to 5 Self-Contained Flats on the first, second and third floors.

VAT is NOT applicable to this Lot

FREEHOLD

Note 2: Floor plans available from Auctioneers.

TENANCIES & ACCOMMODATION

*Please note:

RESERVE:The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE: Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Buyer or Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.