Property News · February 24, 2016

Buyer of south London basement will have to dig deep


Leasehold for basement space sells for £27,000 at auction, but new owner will need to do the spadeworkIt’s well known that you have to dig deep to enter London’s property market, but this lot that sold at auction on Tuesday demands actual spadework.Marketed as “a vacant front basement suitable for redevelopment”, this was one for investors willing to take a risk on getting the right planning consents. Prospective buyers were told, “There will be no internal viewings due to lack of access (excavation required)”. Continue reading…

Source : theguardian.com
Read more…Buyer of south London basement will have to dig deep

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