Residential development potential on car park (subject to consents)
Affluent and busy South London suburb
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 48
Auction 13th October 2016
Rent £40,000 per Annum Exclusive
Status Sold
Price £625,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
6 miles south-east of Central London, 1.7 miles south-east of Dulwich Village
Roads
A20, A203, A205 (South Circular Road)
Rail
Forest Hill Railway Station (17 mins to London Bridge), Sydenham Railway Station
Air
London City Airport, London Heathrow Airport,, London Gatwick Airport
Situation
Sydenham is an affluent and busy South London suburb approximately 6 miles south of central London. Affluent Dulwich and Forest Hill are some 1 mile to the north and Crystal Palace is some 1 mile to the south. The property is situated on the west side of Kirkdale at its roundabout junction with Dartmouth Road. Neighbouring occupiers include Tesco Express and Coral.
Tenure
Freehold.
Location
Miles
6 miles south-east of Central London, 1.7 miles south-east of Dulwich Village
Roads
A20, A203, A205 (South Circular Road)
Rail
Forest Hill Railway Station (17 mins to London Bridge), Sydenham Railway Station
Air
London City Airport, London Heathrow Airport,, London Gatwick Airport
Situation
Sydenham is an affluent and busy South London suburb approximately 6 miles south of central London. Affluent Dulwich and Forest Hill are some 1 mile to the north and Crystal Palace is some 1 mile to the south. The property is situated on the west side of Kirkdale at its roundabout junction with Dartmouth Road. Neighbouring occupiers include Tesco Express and Coral.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit benefiting from a quadruple frontage with basement ancillary accommodation. The upper two floors comprise some 14 residential flats and the property further benefits from residential development potential to the rear of the property on part of the rear car park on Fransfield Grove (subject to consents).
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit benefiting from a quadruple frontage with basement ancillary accommodation. The upper two floors comprise some 14 residential flats and the property further benefits from residential development potential to the rear of the property on part of the rear car park on Fransfield Grove (subject to consents).
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground Basement
Retail Ancillary
209.01 sq m 48.77 sq m
(2,249 sq ft) (525 sq ft)
INDIVIDUAL (t/a Costcutter) (1)
15 years from 03/07/2014
£40,000
13/07/2019 and five yearly
First and Second
14 residential flats
HEXAGON HOUSING ASSOCIATION LIMITED
990 years from 10/04/1992
Peppercorn
Total Commercial Area
257.78 sq m
(2,774 sq ft)
£40,000
(1) Costcutter has some 1,700 stores across the UK run by independent retailers. Costcutter is part of Costcutter Supermarkets Group, which is predominantly a franchise business with over 2,500 convenience stores, trading under Costcutter, Mace, Kwik-Save and Supershop throughout the UK and Republic of Ireland (www.costcutter.co.uk/about-us/).
