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543 Old York Road, Wandsworth Town, London SW18 1TQ

CORNER BUILDING ARRANGED AS A SHOP, BASEMENT, UPPER PART AND REAR YARD WITH PLANNING APPLIED FOR AND FURTHER POTENTIAL

This two storey plus basement end of terrace building comprises a ground floor retail/commercial unit with basement store and rear yard together with a three bedroom self-contained flat above with separate street access. The flat is currently holding over on an AST at a rent of £930PCM (£11,160 pa). The site occupies a position on the corner of Old York Road and Tonsley Hill, a very popular location in Wandsworth Old Town commonly referred to as “The Tonsleys” or “Wandsworth Village” about 1.5miles west of Clapham and 2 miles south of Fulham. This sought after enclave provides a mix of residential and commercial properties, offering a range of shopping facilities immediately at hand with other nearby traders including Pizza Express, Costa, Sainsbury Local, Estate Agents and café’s. Wandsworth Town station about 150m. Sold with the benefit of part vacant possession.

Planning

Permission was granted on 18.9.2011 under application no. 2011/0862 for Demolition of the existing building and erection of part single, part two-storey building plus accommodation at basement and roof levels for a restaurant/cafe (Class A3) at basement and ground floor levels and a three-bedroom maisonette above. A new application has now been submitted for the creation of 1x3 bedroom house, 1x2 bedroom maisonette and commercial unit over ground and basement floors. We understand the owners have the planning officers’ support as indicated within a pre-application meeting with the Wandsworth Council planning department where an indication was given that the application will be met favourably. Purchasers must rely upon their own enquiries in this regard. There is further scope to reconfigure the layout to produce 3 residential units, although this would reduce slightly the size of the commercial space and the size of the house unit currently shown to the back of the commercial unit.

Local Authority & Tax Rating

London Borough of Wandsworth 020 8871 6632 Council Tax Band: D (Flat 543a) Rateable Value £33,000 (Shop & premises) Rates Payable 2010-2011 £13,671 pa

Viewing Times

By appointment through the Auctioneers

Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees

Please note that the following additional fees will apply to the purchase of your property:

1. Buyers Premium of £600 inclusive of VAT
2. Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to you prior to auction. You will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
3. Stamp Duty - rates easily available on-line
4. Your solicitor fees and any survey fees
5. Insurance - it is your responsibility from the date of exchange to insure the property purchased.