Entirely let to tenant trading as Simon Marks Jewellers – includes maisonette above
Tenant in occupation for about 20 years
Important Rent Review in May 2018
Excellent town centre location close to Marks & Spencer, Costa, Debenhams, Lidl and Boots the Chemist
VAT-free investment in popular South East London suburb
Lot 1
Auction 19th October 2017
Rent £20,000 per Annum Exclusive
Status Sold
Price £400,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
8 miles south-east of Central London
Roads
A2, A20, A205 (South Circular)
Rail
Eltham Railway Station (28 minutes to Charing Cross)
Air
London City Airport
Situation
Eltham is a popular suburb of London, located in the Royal Borough of Greenwich, benefiting from excellent road and rail communications. The property is located on the eastern side of Passey Place, which connects directly to Eltham High Street, the principal retail thoroughfare in Eltham. Nearby occupiers include Marks & Spencer, Debenhams, Costa, Boots the Chemist, Lidl, Iceland and WH Smith. Eltham Station is located about 1/2 mile away and the town is served by numerous bus routes.
Tenure
Freehold.
Location
Miles
8 miles south-east of Central London
Roads
A2, A20, A205 (South Circular)
Rail
Eltham Railway Station (28 minutes to Charing Cross)
Air
London City Airport
Situation
Eltham is a popular suburb of London, located in the Royal Borough of Greenwich, benefiting from excellent road and rail communications. The property is located on the eastern side of Passey Place, which connects directly to Eltham High Street, the principal retail thoroughfare in Eltham. Nearby occupiers include Marks & Spencer, Debenhams, Costa, Boots the Chemist, Lidl, Iceland and WH Smith. Eltham Station is located about 1/2 mile away and the town is served by numerous bus routes.
Tenure
Freehold.
Description
The property comprises a ground floor shop with a separately accessed three room maisonette on the first and second floors. The property benefits from a garage to the rear.
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 shop with a separately accessed three room maisonette on the first and second floors. The property benefits from a garage to the rear.
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
Review
Ground First/Second
Ground
Retail/Ancillary Residential (sublet) - Three Rooms, Kitchen, WC Garage
59.91 sq m -
-
(645 sq ft) (-)
(-)
S CALLOW t/a Simon Marks Jewellers (1)
15 years from 05/05/2008 until 04/05/2023 on a full repairing and insuring lease
£20,000
05/05/2018
Totals
59.91 sq m
(645 sq ft)
£20,000
(1) Simon Marks Jewellers sell bespoke jewellery and offer jewellery and watch repair services on site (Source: www.simonmarksjewellery.co.uk 07/08/2017). The tenant sublets the maisonette.
