This property is a leasehold basement development with the benefit of freeholders' consent to create a new self-contained flat with separate entrance. The property is located in a residential street off Sydenham Road, close to Home Park and Mayow Park, with nearby public transport links and local shopping facilities. The property currently comprises the basement area of a two-floor building, with the ground and upper floors arranged as flats. A purchaser will require planning consents and building regulations to carry out the necessary works to create the new flat. The property is sold with full vacant possession and is held on a lease for a term of 125 years from 2014. The guide price is intended to provide an indication of the region at which the reserve may be set, and may be subject to variation.