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No longer on the market

This property is no longer on the market

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2 bedroom property

Auction
Property
2 beds
Added > 14 days

Key information

TenureAsk agent
Council taxAsk agent
BroadbandUltra-fast 1000Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • Upon the instructions of the Joint Fixed Charge Receivers
  • Freehold mixed use building constructed in 2016
  • Arranged as ground/lower ground floor commercial with eight self-contained flats over first to third floors (6 x two bedroom flats and 2 x one bedroom flats)
  • Part vacant investment
  • ERV: £300,871 per annum
  • 7 x flats let, 1 x flat vacant (1)
  • Online Auction on Thursday, 31 October 2024

The Lodge comprises a modern detached building arranged over ground, lower ground and three upper floors beneath a flat roof with a mix of brick and timber clad elevations.

The property is mixed use with the ground and lower ground floor providing a commercial unit with eight residential flats above. The commercial and residential elements of the property both benefit from separate access, as well as a lift that serves each floor. There is one off-street disabled car parking space at the front of the property.

The ground floor accommodation straddles the entrance to the residential upper floors and provides two fitness studios and a café area. The main entrance to the unit is via a ramped entrance to the front section leading to the café area which will also include a small reception area, in turn leading to the two studios at the rear and other side of the stairwell to the upper floors. There is also a stairwell leading to the lower ground floor. A concrete counter separate the kitchen from the café area and also comprises small reception for the fitness studio. There are bi-fold doors to the rear of this section opening out onto a rear courtyard.

The studios are separated by retractable bi-fold timber partitions, with the rear studio benefitting from further bi-fold doors to rear the courtyard. There is a disabled WC on the ground floor.

The lower ground floor is accessed via a stairwell towards the rear of the right hand side (facing) of the ground floor and is subdivided to provide male and
female changing rooms (including WCs), a fitness studio / large treatment room, two smaller treatment rooms and a further separate WC. There is also an external concrete stairwell leading from the rear courtyard down to the lower ground floor.

The residential accommodation comprises eight flats, 6 x two bedroom flats and 2 x one bedroom flats arranged over first, second and third floors.


Location:

Rotherhithe is located within the London Borough of Southwark approximately 4.6 miles South-East of the West End and 3.6 miles South-East of the City of London. The property is situated on the edge of Southwark Park on the West Side of Lower Road, close to the junction with Orange Place and almost opposite the junction with Hothfield Place. The immediate area is a mix of residential, retail, a leisure centre and a school, whilst the wider area is becoming increasingly redeveloped with a mixture of new build river/dockside flats and apartments, warehouse conversions and modern housing schemes.
The area benefits from good transport links including Surrey Quays (London Overground) approximately 0.2 miles South-East of the property. Canada Water (Jubilee Underground and London Overground) is approximately 0.4 miles North-East and South Bermondsey (London Overground) approximately 0.8 miles South-West of the property.


Accomodation:

(1) We are awaiting confirmation from the managing agent for copy assured shorthold agreements and rental payments for Flats 3 and 6.


We note the Rateable Value for the commercial unit is £53,356. Source: VOA website.


The floor areas for the flats have been provided by the Receivers.


Online Auction on Thursday, 31 October 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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