Lot 27

Hazel Bank, 242 South Norwood Hill, London, SE25 6BB

  1. Home
  2. Auctions
  3. Thursday 15th October 2020
  4. Lot 27 - Hazel Bank, 242 South Norwood Hill, London, SE25 6BB
£325,000 Result
Image 1 of 6
Image 2 of 6
Image 3 of 6
Image 4 of 6
Image 5 of 6
Image 6 of 6
Image 1 of 6
Image 2 of 6
Image 3 of 6
Image 4 of 6
Image 5 of 6
Image 6 of 6
Lot 27
Hazel Bank, 242 South Norwood Hill, London, SE25 6BB
How to bid?

Loading the bidding panel...

Legal documents

You are advised to download and read the legal documentation prior to bidding.

Log in to view legal documents

Freehold with Planning Consent for Six Flats

Description

Eight Week Completion

London Borough of Croydon

Situated near to the junction with Cypress Road in this popular residential road close to local shopping/travelling facilities including Norwood Junction and Crystal Palace Overground Stations. The Crystal Palace Triangle with its good mix of shops, restaurants and bars and South Norwood High Street provides local amenities. Grangewood Park and Crystal Palace Park are also nearby.

A Freehold Block of Sixteen Self-Contained Flats subject to a Ground Rent income of £720 per annum on leases as shown in the chart below.

Planning Permission (App No:19/04589/FUL) was granted by the London Borough of Croydon on 12th December 2019 for Addition of Two Storeys to the existing purpose built block of flats to provide Four x One Bedroom and Two x Two Bedroom Flats, provision of associated cycle and refuse storage and installation of new lift within the building. Copies of the planning consent and plans are available for inspection.

Note 1:The sizes of the proposed flats are approximately 69 sq m for the Two Bedroom Flats and approximately 53 sq m and 55 sq m for each of the One Bedroom Flats.

Note 2:A structural engineer’s report showing the scheme is buildable is in the legal pack.

Note 3:The proposed new flats will be flat numbers 17, 18, 19, 20, 21 and 22 and will each have Private Balconies.

Note 4:There are Seven Unallocated Parking Spaces that form part of the Freehold Title.

In accordance with Section 5(B) of the Landlord and Tenant Act 1987, notices have bene served on the lessees. The lessees have not reserved their rights of first refusal.

Inspection: By arrangement with the Auctioneers

Important Information

Each successful buyer or bidder will be required to pay the Auctioneers McHugh & Co., a non-refundable buyer's fee of £1,200 inclusive of VAT. Lots sold for less than £10,000 the buyer’s fee will be £300 inclusive of VAT. 
The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the special conditions of sale. Buyers are deemed to bid in full knowledge of this.
Each lot is sold in its actual condition and state of repair and the buyer shall be deemed to have surveyed and inspected the lot prior to the auction. For the avoidance of doubt, purchasers shall raise no objection or recourse to McHugh & Co as to the structure or condition of a property and its state of repair. McHugh & Co give no warranty or guarantee as to the structure, condition or issues of a property. This is in reference to (a) the state of the structure of any property or the working condition of any fixtures, fittings, heating systems, appliances or other items included in the sale of any property and (b) the type of the structure or whether such structure is adequate or property constructed. For purchasers requiring funding by mortgage or other means, they are advised to organise this in advance of the auction and shall raise no objection or recourse to McHugh & Co over whether a property is suitable for their lenders criteria.
The successful bidder is under a Binding contract as soon as the Auctioneer's electronic gavel falls on his/her Bid. Upon a successful bid, the bidder’s card will be automatically debited for the bidder security amount, which is considered as a whole or contribution towards the deposit. The bidder security amount is non-refundable upon a successful bid. The bidder/purchaser will be required to pay the balance for the 10% deposit of the purchase price subject to a minimum deposit of £5,000 whichever is greater and buyers fee within 24 hours of the auction date. The completion date is set usually within 20 working days of the auction date. The timeframe for completion on individual lots may vary, please read the special conditions of sale within the legal documentation.
Guides prices 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 during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Guide prices will be continually updated on our website up until the day of the auction.
Each purchaser shall be deemed to have read the legal documents or provided the legal documents to their legal representatives for advice on the lot they are intending on purchasing which has been made available on our website. The purchaser shall be deemed to have raised any enquiries with the vendors solicitors that a prudent purchaser would make. The purchaser is deemed to have read the special conditions of sale associated with the sale of the lot and bid in full knowledge of this and the legal documents prior to bidding.

Other lots in the sale

Primary Lot Photo

Lot 1

15 Beresford Road, Chingford, E4 6ED

£225,000+

Freehold Ground Floor Garden Flat Vacant Possession

Primary Lot Photo

Lot 2

22 St Johns Road, Barking, IG11 7XL

£180,000+

Freehold House Vacant Possession

Primary Lot Photo

Lot 3

First and Second Floor Flat, 59 St Pauls Road, Tottenham, N17 0ND

£140,000+

Leasehold Flat Vacant Possession

Primary Lot Photo

Lot 4

2 Coldnailhurst Avenue, Braintree, CM7 2SJ

£150,000+

Freehold House Vacant Possession

Primary Lot Photo

Lot 5

105(B) Englefield Road, Islington, N1 3LJ

£450,000+

Leasehold Flat Vacant Possession

Primary Lot Photo

Lot 6

430 West Green Road, Tottenham, N15 3PU

£90,000+

Long Leasehold Shop Vacant Possession

Primary Lot Photo

Lot 7

61 Pascoe Road, Hither Green, SE13 5JE

£450,000+

Freehold House Vacant Possession

Primary Lot Photo

Lot 8

30 Farnham Road, Ilford, IG3 8QD

£275,000+

Freehold House Vacant Possession

Primary Lot Photo

Lot 9

46 Selborne Road, Croydon, CR0 5JQ

£325,000+

Freehold Vacant Detached Chalet Bungalow and Garage on a Substantial Plot of Land

Primary Lot Photo

Lot 10

7 Belgravia Gardens, Bromley, BR1 4TA

£250,000+

Freehold House Vacant Possession

Primary Lot Photo

Lot 10A

14 Pretoria Road, North Chingford, E4 7HA

£450,000+

Freehold House and Garage Vacant Possession

Primary Lot Photo

Lot 10B

79(A) London Road, Wembley, HA9 7ET

£120,000+

Leasehold Flat Vacant Possession

Primary Lot Photo

Lot 10C

8 Temple Way, East Malling, West Malling, Kent, ME19 6SH

£170,000+

Freehold House and Garage Vacant Possession

Primary Lot Photo

Lot 11

130 Queenswood Gardens, Leytonstone, E11 3SG

£150,000+

Leasehold Maisonette Vacant Possession

Primary Lot Photo

Lot 12

33 Wainfleet Avenue, Romford, RM5 3BX

£295,000+

Freehold House with Additional Plot of Land Vacant Possession

Primary Lot Photo

Lot 13

5 Furrows Place, Caterham, CR3 5EH

£100,000+

Leasehold Maisonette Vacant Possession

Primary Lot Photo

Lot 14

32 Ravenscroft Road, Beckenham, BR3 4TR

£375,000+

Freehold Vacant House Arranged as Two Self-Contained Flats

Primary Lot Photo

Lot 15

31 Rush Green Road, Romford, RM7 0PT

£275,000+

Freehold House and Garage Vacant Possession

Primary Lot Photo

Lot 15A

54 Oakfield Park Road, Dartford, DA1 2ST

£175,000+

Freehold House and Garage Vacant Possession

Primary Lot Photo

Lot 16

19 Perry Hill, Catford, SE6 4LF

£300,000+

Freehold House Vacant Possession

Primary Lot Photo

Lot 17

29 Wayside, Potters Bar, EN6 5NE

£120,000+

Leasehold Flat Vacant Possession

Primary Lot Photo

Lot 18

41 Stamford Road, East Ham, E6 1LP

£250,000+

Freehold House Vacant Possession

Primary Lot Photo

Lot 19

16 Inverness Road, Southall, UB2 5QG

£250,000+

Freehold House Vacant Possession

Primary Lot Photo

Lot 20

221 Harrington Road, South Norwood, SE25 4NN

250,000+

Freehold Detached House Vacant Possession

Primary Lot Photo

Lot 20A

8 Aschurch Road, Croydon, CR0 6JS

£250,000+

Freehold House Vacant Possession