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1 bedroom apartment for sale
Lower Ground Floor Flat, 85 Melbourne Grove, London, Southwark, SE22 8RR
£90,000
Lower Ground Floor Flat, 85 Melbourne Grove, London, Southwark, SE22 8RR
£90,000
Our Summary
- FOR SALE BY AUCTION: To be sold by public auction on the owner's instruction
- A vacant leasehold (150 years from 24 June 2005) lower ground floor basement flat in need of design, modernisation, repair and planning permission with an extent of 409 SQFT
- Auctioneers' comments: 'A unique opportunity for an investor/developer to bid and buy this property to overcome the design and layout challenges to realise substantial forced appreciation in a densely populated part of London' Auction date The property is to be sold by public auction on Friday, 27 June 2025 via a 2-hour online bidding window
- 8 miles to North Dulwich railway station (Zone 2,3) Accommodation Lower ground floor: two rooms, landing, hall EPC rating F Tenure Leasehold with vacant possession 150 years from 24 June 2005 Local authority and council tax band London Borough of Southwark Council tax band: unknown Pre-auction bids To make a pre-auction bid, you must be an approved bidder
- The common auction conditions and special conditions apply to all pre-auction bids, and no conditions will be acceptable
- Should your pre-auction bid be accepted, you will need to immediately pay the balance of the 10% deposit (min
- £5,000) and all auction fees listed
- Auction fees In addition to the 10% deposit (min
- £5,000) of your winning bid, you must pay an auction buying commission of 2
- 00 plus VAT) of the purchase price and auction buying fee of £1,900
- Auction 27 June 2027
Description
This vacant leasehold flat in Southwark, London, is being sold by public auction due to the owner's instruction. The property, which has 409 square feet of space, is in need of design, modernization, and repair, and requires planning permission to overcome its current layout challenges. The flat is located in a densely populated area, making it an ideal opportunity for investors and developers to purchase and renovate the property to realize substantial forced appreciation. The auction will take place online on June 27, 2025, and interested bidders must be approved and have set up an online bidding account, verified their ID, and paid the security deposit to participate. The property is being sold with a 150-year lease from 2005, and the auction fees include a 2.5% buying commission plus VAT, as well as a minimum fee of £2,100 plus VAT.