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No longer on the market

This property is no longer on the market

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Property

Auction
Property
Added > 14 days

Key information

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Features and description

  • This sale is conditional and is subject to confirmation by the seller, who will accept or decline the highest bid no longer than five working days from the bidding closing time 
  • By order of National Westminster Group
  • Freehold former bank premises totalling approximately 251 sq m (2,702 sq ft) over ground and basement
  • Prominent location
  • Alternative use potential (subject to consents)
  • Of interest to developers/owner occupiers and investors
  • Vacant possession
  • BLOCK VIEWINGS BY APPOINTMENT on Monday 15th and 22nd July at 11am
  • Online Auction on Thursday, 25 July 2024

The premises are currently arranged over a ground floor banking hall with basement storage providing about 251 sq m (2,702 sq ft). 

Both the first and second floor have been sold on a 125 year leases expiring 2131 and 2142. These currently have a ground rent of £100 pa per lease.

Registrations to bid must be completed at least 1 day before the day of the auction and must be completed in the name that you intend to purchase in, as contracts cannot be changed after the auction sale


Location:

Balham is an area in south London, England, mostly within the London Borough of Wandsworth with small parts within the neighboring London Borough of Lambeth. The subject property is located on a prominent position on Balham High Road nearby to the turning to Balham Grove adjacent to a large Waitrose with other nearby occupiers including Aspire, Oliver Bonas, Chadwick Butchers, Betfred, KFH, Nando's and Foxtons.


Online Auction on Thursday, 25 July 2024. For further information, such as legal documents and property information, please visit bidx1.com.
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About this agent

BidX1 - Nationwide Auctions
BidX1 - Nationwide Auctions
Henry Wood House, 4-5 Langham Place London W1B 3DG
020 8033 0374
Full profileProperty listings
BidX1 are market-leaders in the digitalisation of property transactions, allowing buyers and sellers across the globe to complete transactions online in the most efficient and transparent manner. We combine industry-leading property expertise with proprietary technology to provide unparalleled levels of transparency, analytics and global reach, challenging the traditional process of marketing and transacting real estate. Our technology facilitates end-to-end online transactions, from listing to exchange of contracts.  To date BidX1 has sold over 20,000 properties through their digital platform, attracted visitors from 173 countries and buyers from 32 countries. A total value of £4 billion worth of property sold has been sold via our digital platform.  BidX1 currently operates in the UK, Ireland, and Cyprus, with further expansion into other European markets planned to meet the demand for an alternative to existing sale processes. BidX1 has a varied customer base, including multiple institutional investors, banks, listed vehicles, receivers, liquidators and propcos, as well as individual private sellers wishing to avail of the transparency and data that the digital platform provides.  Their innovative approach has earned them recognition in the form of a number of accolades, including the Irish Times' New Frontiers Award 2018 and the Investment Award 2018 at the Estates Gazette Tech Awards. BidX1 has also been shortlisted for Newcomer of the Year and Proptech Innovator of the Year at the Property Awards 2019 as well as for Proptech Company of the Year at the PROPS Awards 2019.
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