Land

Interested parties should contact Knight Frank Auctions for further information.

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.