Basement, 50 Highclere Street, Sydenham, London, SE26 4EU

Online Auction – Bidding for this property closes on 30th April 2026 at 6:35 pm. Open to prior-auction offers - Interested parties are invited to register via our website to bid.

Description

A rare opportunity to acquire a leasehold basement interest, offered for sale by auction with vacant possession.
The property is situated beneath a residential building on a well-regarded street, conveniently located close to local shops and amenities, with good transport links providing easy access to surrounding areas.
Tenure: Leasehold
Lease Term: 125 years from 25th March 2014

Description & Potential:
The sale relates to a basement area offering scope for a variety of potential uses, subject to the necessary planning permissions and consents. The space presents an opportunity for purchasers seeking to create a bespoke scheme tailored to their requirements.
Prospective buyers are advised to make their own enquiries in respect of planning and permitted use.

Additional Information:
Vacant basement opportunity
Scope for development (STPP)
Convenient residential location
Close to shops and transport links

Completion
The completion period for this property is 28 days.

Common Auction Conditions
This property is sold subject to our Common Auction Conditions (a copy is available on our website).

Buyers Administration Fee
The purchaser will be required to pay an administration fee of £1,800 inc VAT, whether the property is bought before, on, or after the auction date.

Legal Pack
Purchasing a property at auction is a firm legal commitment equivalent to signing a contract by private treaty. Prospective buyers must consult with their legal adviser before bidding.
The legal pack can be viewed online via our website.
At the time of going to print, the Auctioneers were unable to inspect the property internally; therefore, the accommodation details should not be relied upon.

Guide Price & Reserve Price
Each property sold is subject to a Reserve Price, which will be within +10% of the Guide Price. The Guide Price is provided solely to help buyers decide whether to pursue their interest.

Important Notice / Disclaimer
In accordance with RICS guidance, these particulars are prepared in good faith and are intended to give a fair description of the property. At the time of publication, the Auctioneers were unable to inspect the property internally. Consequently, any details relating to the accommodation, floor areas, condition, fixtures, fittings, services, or any other aspects of the property are based on limited information and should not be relied upon as statements of fact.
Prospective purchasers are strongly advised to satisfy themselves as to the accuracy of the information provided by undertaking their own inspections, surveys, and enquiries prior to making any offer or bid. Neither the Auctioneers nor the vendor give any representation or warranty, express or implied, as to the accuracy, completeness, or suitability of the information contained within these particulars.

Lease Start Date

25/03/2014

Lease Duration

125 years (113 years unexpired)