LOT 52 - London

134 - 136 Streatham High Road, London, SW16 1BW

Attractive Freehold Bank & Office Investment with Future Development Potential

Sold Prior

Key Features
  • Comprises a Barclays bank with self contained offices above
  • Total accommodation extents to 1,153.35 Sq M (12,415 Sq ft)
  • Development potential to roof space & longer term residential conversion potential to offices
  • Prominent corner position in busy & densely populated area
  • VAT is not applicable
  • Six Week Completion Available

Total Current Rent Reserved
£177,900 p.a.


  • Streatham is a densely populated suburb situated in the London Borough of Lambeth
  • The property is situated in a prominent position on the West side of the High Road, at its junction with Woodbourne Avenue, midway between Streatham & Streatham Hill Rail Stations
  • The A23 (Streatham High Road) intersects Streatham, whilst the A205 (South Circular), A214 & A24 are all with in close proximity
  • The area is well served by both Streatham & Streatham Hill Rail stations
  • Numerous bus routes serve Streatham High Road, and provide access to Brixton Underground Station (Victoria line) less than 2 miles away.
  • Occupiers close by include CarpetRight (adjacent) , Greggs, Kwik Fit, Poundland, Caffe Nero, JD Sports & Sainsbury's Local amongst many others
Additional Information
  • The Barclays rent at the 2019 rent review increased from £87,000 per annum to £89,000 per annum.
There may be potential to develop the roof space to add an additional floor(s),  develop the rear courtyard area as well as longer term residential conversion of the upper floors. This is subject to the existing leases and obtaining all the necessary consents. All enquiries should be made with the local authority: Lambeth Council (www.lambeth.gov.uk). 

VAT is not applicable to this lot.

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Important notice - Pre-registration approval to bid, guide prices, reserves and additional charges Please note that charges and fees additional to the sale price might be payable by the successful buyer in respect of the Lot. Please read the information below and check the Special Conditions of Sale, the Particulars of Sale and any addendum for the Lot before deciding whether or not to bid. Pre-registration approval to bid Allsop now requires all bidders who wish to bid at our Auctions to Register beforehand. All checks required by current anti-money laundering legislation must be satisfactorily completed as part of this process before prior approval to bid will be given. Please us the links on our website to pre-register. Guide Prices 1. Where a guide price (or range of prices) is given, that guide is the minimum price at which (or range of prices within which) the seller might be prepared to sell on the date on which the guide price (or range of prices) is published. The guide price will normally be at or above any reserve price. 2. The guide price may be subject to change up to and including the day of the auction. The latest published guide price (or range of prices) is displayed on our website and you are advised to check the website regularly for updates. 3. All guide prices are Quoted "subject to contract". 4. Please note the guide price for the Lot does not include: - any Buyers' Fee charged by the auctioneers; - VAT on the sale price; - SDLT or any other Government taxes; - additional costs and fees charged by the seller or third parties that might apply to some Lots and/or some buyers. 5. If a guide price is listed as "TBA", it means no guide price has been set at present. Please do not call our office about this - the guide price, or range of prices, will be published online immediately it becomes available and you should check the auction website regularly for updates. Reserve Prices 6. The reserve price is the minimum price at which the Lot can be sold. 7. Whilst every effort is made to ensure that the advertised guide prices are up-to-date. it is possible that the reserve price set for any Lot may exceed the previously quoted guide price. This is because the seller may fix the final reserve price ju st before the Lot is offered for sale. Buyers' fees, Seller's fees and additional charges 8. For each Lot, a Buyers' Fee is payable on the fall of the hammer to Allsop LLP as follows: Residential Auctions - Lots sold for £10,000 or more: Buyers' Fee of £1,250 inclusive of VAT - Lots sold for less than £10,000: Buyers' Fee of £250 inclusive of VAT Commercial Auctions - All Lots: Buyers Fee £1,000 inclusive of VAT 9. Additional charges and fees might be charged by the seller and/or other third parties . You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts. 10. VAT may be chargeable in addition to the sale price for the Lot. The Lot Particulars and/or the Special Conditions of Sale will indicate whether VAT applies. Other Matters 11. Please note that lots may be sold or withdrawn at any time prior to auction. 12. Please note that the amount of Bidder Security (payable on application to bid at the auction) and the Buyer's Fee may each be varied from the standard amounts quoted. Please refer to the addendum, the Particulars and/or the conditions of sale. 13. Street trader plans are reproduced with the consent of Experian Goad Limited. Experian Goad Digital Plans include mapping data licensed from Ordnance Survey with the permission of the Controller of Her Majesty's Stationery Office. © Crown Copyright and Experian Copyright. All rights reserved. Licence number PU 100017316. Location plans are reproduced from the Ordnance Survey mapping with the permission of Ordnance Survey on behalf of the Controller of Her Majesty's Stationery Office, © Crown copyright and Database Rights 2018 OS 100060020 14. The plans and photographs shown in the catalogue are included in order to assist you in locating the Lot in question. They are not necessarily drawn to scale and any arrows on plans or photographs are merely to assist you in finding the Lot, not for the purpose of indicating legal boundaries . The Auctioneers cannot guarantee that any plans or photographs show the up to date position with regard to occupiers either for the Lot or for any other properties shown in such plans or photographs.