Freehold Inner London Mixed Use Building with Potential
Let to Christ Apostolic Church and JC Emreas LTD
Ground floor Community Church and House in Multiple Occupation on Upper floors.
Potential Residential Redevelopment opportunity (Subject to Consents)
2 Miles south of the City of London
Approximately 210 sq m (2,260 sq ft)
Neighbouring occupiers include, Costcutter, Sainsburys, Iceland and an eclectic mix of local businesses
Lot 35
Auction 27th March 2025
Rent £162,000 per Annum Exclusive
Status Available
Guide* £1,100,000
Sector Residential, Development, Mixed Use
Auction Venue Live Streamed Auction
Property Information
Location
Miles
Approximately 1.4 mile south-east of Oval cricket ground, 3.1 miles south-east of Westminster, 2 miles south of the City of London
Roads
Camberwell Road (A215), Camberwell New Road (A202), South Circular Road (A205), A23
Rail
Denmark Hill Overground Station (Approximately 9 mins to London Victoria), Oval Underground Station (Northern)
Air
London Heathrow Airport, London City Airport, London Gatwick Airport
Situation
The property is prominently situated on the east side of Camberwell Road (215) at its junction with New Church Road and some 600 metre north of Camberwell Green. The immediate locality is predominantly residential. Neighbouring occupiers include, Costcutter, Sainsburys, Iceland and an eclectic mix of local businesses.
Tenure
Freehold.
Location
Miles
Approximately 1.4 mile south-east of Oval cricket ground, 3.1 miles south-east of Westminster, 2 miles south of the City of London
Roads
Camberwell Road (A215), Camberwell New Road (A202), South Circular Road (A205), A23
Rail
Denmark Hill Overground Station (Approximately 9 mins to London Victoria), Oval Underground Station (Northern)
Air
London Heathrow Airport, London City Airport, London Gatwick Airport
Situation
The property is prominently situated on the east side of Camberwell Road (215) at its junction with New Church Road and some 600 metre north of Camberwell Green. The immediate locality is predominantly residential. Neighbouring occupiers include, Costcutter, Sainsburys, Iceland and an eclectic mix of local businesses.
Tenure
Freehold.
Description
The property is a former Public House and currently comprises a community Church of the Ground floor, with ancillary accommodation in the basement, The upper two floors comprise a House in Multiple Occupation. The property benefits from a single car garage to the rear of the property.
The property may be suitable for residential redevelopment, subject to consents,.
VAT
VAT is applicable to this lot
Note
The property is within the London Borough of Southwark planning jurisdiction and may be suitable for residential conversion, subject to obtaining the necessary consents.
The property does not appear to be Listed on the Historic England Website and does not appear as an Asset of Community Value by the London Borough of Southwark.
The Special Conditions of Sale provide for the Buyer to pay to the Seller a sum in addition to the purchase price. Please see the Special Conditions of Sale which is available in the Seller’s solicitors Legal Pack.
Completion Period
6 Week Completion
EPC
Band E
Description
The property is a former Public House and currently comprises a community Church of the Ground floor, with ancillary accommodation in the basement, The upper two floors comprise a House in Multiple Occupation. The property benefits from a single car garage to the rear of the property.
The property may be suitable for residential redevelopment, subject to consents,.
VAT
VAT is applicable to this lot
Note
The property is within the London Borough of Southwark planning jurisdiction and may be suitable for residential conversion, subject to obtaining the necessary consents.
The property does not appear to be Listed on the Historic England Website and does not appear as an Asset of Community Value by the London Borough of Southwark.
The Special Conditions of Sale provide for the Buyer to pay to the Seller a sum in addition to the purchase price. Please see the Special Conditions of Sale which is available in the Seller’s solicitors Legal Pack.
Completion Period
6 Week Completion
EPC
Band E
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Reversion
Ground
Former Public House / Church
271.48 (1)
2922 (1)
CHRIST APOSTOLIC CHURCH
5 years from 06/01/2018 (Currently Holding Over)
£60,000
05/014/2023
First Second
Residential
158.62 172.00 (2)
1707 1851 (2)
JC EMPREAS LTD
4 years from 02/04/2019 (Currently Holding Over)
£102,000
01/04/2023
Total Approximate Floor Area
602.10
6481
£162,000
(1) As to the ground floor and basement, the floor areas stated above are those published by the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/valuations/start/11776653000) (2) As to the first and second floors, the floor areas stated above is the estimated Gross Internal Area.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
