**For Sale by Auction on 27th Feb 2014**By Order of the Trustee in BankruptcyA Vacant Detached Building Currently Arranged As Four Self-Contained Units (One x Three Bedroom, Three x Two Bedroom). The Building is Part-Let Producing £41,400 per annum. Offered with Vacant Possession of Unit A.Guide Price = £600,000+TenureFreeholdLocationThe property is situated in the popular south west London area of Oval close to the shops and restaurants of Clapham Road. The open spaces of Kennington Park and the Kia Oval Cricket Ground are both within close proximity. Transport links are provided by Oval underground station (Northern line).DescriptionThe property comprises a detached building arranged over lower ground, raised ground and two upper floors. It is currently arranged to provide four self-contained units.
Accommodation Schedule
Property
Floor
Accommodation
Tenancy Details
Current Annual Rent
61A
Lower Ground
Open Plan Reception Room/Kitchen, Three Bedrooms (one with ensuite Shower Room), Shower Room
Vacant
(previously let at £1,408 pcm)
61B
Raised Ground
Open Plan Reception Room/Kitchen, Two Bedrooms,
Shower Room
AST expiring on 5th May 2014 at a rent of £1,250 pcm
£15,000
61C
First
AST expiring on 21st March 2014 at a rent of £1,200 pcm
£14,400
61D
Second
Periodic Tenancy producing £1,000 pcm
£12,000
Current Rent Reserved £41,400 per annum. Vacant Possession of Unit AExterior61A benefits from a rear gardenNoteThere is an enforcement notice on the building (ref: EN/08/00161/3CN5). Further detail is provided within the legal pack. Prospective buyers are advised to make their own enquiries with Lambeth Council.
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