Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
3 miles west of Bromley, 4 miles north-east of Croydon, 9 miles south-east of Central London
Roads
A205 (South Circular Road), A213, A23
Rail
Birkbeck Rail, Anerley Rail, Norwood Junction
Air
Gatwick Airport, Heathrow Airport
Situation
The property is situated on the south side of the busy Croydon Road (A213) in a popular South-East London residential suburb. The property benefits from being one mile east of Crystal Palace
Football Club/Selhurst Park Stadium.
Tenure
Virtual Freehold. for a term of 900 years from 13th August 2010 at a
fixed peppercorn rent.
Location
Miles
3 miles west of Bromley, 4 miles north-east of Croydon, 9 miles south-east of Central London
Roads
A205 (South Circular Road), A213, A23
Rail
Birkbeck Rail, Anerley Rail, Norwood Junction
Air
Gatwick Airport, Heathrow Airport
Situation
The property is situated on the south side of the busy Croydon Road (A213) in a popular South-East London residential suburb. The property benefits from being one mile east of Crystal Palace
Football Club/Selhurst Park Stadium.
Tenure
Virtual Freehold. for a term of 900 years from 13th August 2010 at a
fixed peppercorn rent.
Description
The property comprises a retail unit arranged on the ground floor only. The property benefits from car parking at the front.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a retail unit arranged on the ground floor only. The property benefits from car parking at the front.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
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
Review
Ground
Retail
119.84 sq m
(1,290 sq ft)
LADBROKES BETTING AND GAMING LIMITED (1)
15 years from 26/06/2006 until 25/06/2021
£35,500
26/06/2016
Totals
119.84 sq m
(1,290 sq ft)
£35,500
(1) For the year ending 31st December 2013, Ladbrokes Betting and Gaming Ltd reported a turnover of £818,578,000, pre-tax profits of £87,693,000 and a total net worth of £994,620,000. (Source: Experian Group 22/09/2015)
