Roof Space and Basement Development, Orchard Court, 239B Shernhall Street, Walthamstow, London, E17 9EB
A Residential Development Opportunity Offered with Planning Permission for the Construction of a Second Floor and a Lower Ground Floor Extension to Create an Additional Five Flats
Virtual Freehold. There are approximately 996 years unexpired on the lease at a peppercorn ground rent.
The property is situated in Walthamstow close to local shops and amenities.
Transport links are provided by local bus services, Walthamstow Central Underground Station (Victoria line) and overground stations.
The property comprises of a roof space and the basement area above and below a detached block of flats arranged over ground and two upper floors.
The London Borough of Waltham Forest granted the following planning permission (Ref: 180607) dated 25th March 2018 for; 'Construction of second floor and lower ground floor extensions to create 5 additional residential units (3 x 1 bed, 1 x 2 bed, 1 x 3 bed) including the formation of front, rear and side light wells together with associated landscaping, cycle parking and refuse storage'.
Lower Ground Floor
1 x 1 bedroom flat
1 x 2 bedroom flat
1 x 3 bedroom flat
2 x 1 bedroom flats
Refer to Auctioneer.
*GUIDE PRICE & RESERVESDefinition of Guide Prices:
The guide price is an indication of the seller’s current minimum price expectation at auction and the guide price, or range of guide prices, is given to assist prospective purchasers. The guide price can be adjusted by the seller at any time up to the day of the auction in light of the interest shown during the marketing period and bidders will be notified of this change on our website and by the auctioneer prior to the lot being offered.Definition of Reserve Price:
The reserve price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. It is usual, but not always the case that a provisional reserve is agreed between the seller and the auctioneer at the start of marketing and the Final Reserve Price will be agreed between the auctioneer and the seller prior to the auction sale. Whilst the reserve price is confidential it will usually be set within the quoted guide range and in any event will not exceed the highest quoted guide price.