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Lot 1 Sold: £412,000

230 Gipsy Road, Gipsy Hill, London SE27 9RB

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Lot 1   Click here for addendum

Freehold Vacant Shop & Flat with Planning for 2 Flats
6 Week Completion

Situation

Close to the junction with Hamilton Road in this shopping parade which includes Costcutter and Day Lewis Pharmacy together with a variety of independent traders, all serving this popular area.
Gipsy Hill is located between Dulwich and Crystal Palace, some 5 miles south of Central London and is well served by Gipsy Hill Rail Station (Southern) with services to London Victoria and London Bridge. The open space of Norwood Park is in close walking distance.

Property

A mid terrace property (in need of modernisation) comprising a Ground Floor Shop with separate front access to a Self-Contained Flat on the first and second floors.

Accommodation

Ground Floor Shop
Gross Frontage 18'8"
Internal Width 13'8"
Shop Depth 35'8"
Built Depth 73'0"
Area Approx. 862 sq ft
WC
First & Second Floor Flat
5 Rooms, Kitchen, Bathroom, Sep. WC
GIA Approx. 1,190 sq ft

VAT is applicable to the commercial element of this lot – Refer to Auctioneers.

FREEHOLD offered with VACANT POSSESSION

Planning

On 25th August 2022 Lambeth Council granted Planning Permission for ‘Erection of a rear mansard roof extension with two dormers and alterations to the first floor rear wing involving an increase in height of the walls and roof, together with modification to windows and creation of a first floor rear terrace, in connection with conversion of upper floors into two self-contained flats.'
The proposed floor plans illustrate the following layout:

• 1st Floor - 2 Bedrooms, Living Room, Kitchen (with doors to terrace), Shower/WC
(GIA Approx 721 sq ft)
• 2nd Floor - Bedroom / Living Room, Kitchen, Shower/WC
(GIA Approx 419 sq ft)

Click here to view the Planning Documents.

Note: There may be potential to convert the rear part of the ground floor into residential use, subject to obtaining the necessary consents.

VIRTUAL TOUR

Click here to view the virtual tour of the shop.

Click here to view the virtual tour of the flat.

Enquire about this lot:

Photo of John Barnett

John Barnett
020 8492 9449
jbarnett@barnettross.co.uk

Photo of Elliott Greene

Elliott Greene
020 8492 9449
egreene@barnettross.co.uk

*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 Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,000 plus 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.