Basement Development, Orchard Court, 239B Shernhall Street, Walthamstow, London, E17 9EB

£270,000 Guide Price
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A Residential Development Opportunity Offered with Planning Permission for the Construction of a Lower Ground Floor Extension to Create an Additional Three Flats (1 x 1 bed, 1 x 2 bed & 1 x 3 bed).


Tenure
Virtual Freehold. There are approximately 996 years unexpired on the lease at a peppercorn ground rent.

Location
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.

Description
The property comprises of a basement area below a detached block of flats arranged over the ground and two upper floors.

Planning
This development opportunity is offered with planning permission (dated 25th March 2018) for the construction of a lower ground floor extension to create three additional residential units (1x 1 bed, 1 x 2 bed, 1 x 3 bed).
Planning details: The London Borough of Waltham Forest  (Ref: 180607)

Accommodation
Proposed accommodation for lower ground floor:
1 x 1 bedroom flat
1 x 2 bedroom flat
1 x 3 bedroom flat

Viewings
Refer to Auctioneer.
*GUIDE PRICE & RESERVES
Definition 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.

View Common Auction ConditionsImportant Notes to Prospective Buyers