One Stop Convenience Store 125 Denmark Hill London SE5 8EJ

One Stop Convenience Store
125 Denmark Hill
London
SE5 8EJ

Long Leasehold Retail Investment

Let to One Stop Stores Limited (owned by Tesco Plc) until 2028 (subject to
option)
Popular South East London Suburb
100 metres from the busy Kings College Hospital
Immediately adjacent to Ruskin Park
Six Week Completion

Lot
3
Auction
27th March 2014
Rent
£40,000 per Annum Exclusive
Status
Sold
Price
£557,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Trustees

Interested?

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Long Leasehold Retail Investment

Let to One Stop Stores Limited (owned by Tesco Plc) until 2028 (subject to
option)
Popular South East London Suburb
100 metres from the busy Kings College Hospital
Immediately adjacent to Ruskin Park
Six Week Completion

Lot 3
Auction 27th March 2014
Rent £40,000 per Annum Exclusive
Status Sold
Price £557,000
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Trustees

Property Information

Location

Miles: 3 miles south-east of Central London
Roads: Denmark Hill (A215), South Circular Road (A205), A23
Rail: Denmark Hill Overground Station (Approx 9 mins to London Victoria & 17 mins to London Bridge)
Air: London Heathrow Airport, London City Airport, London Gatwick Airport

Situation

The property is prominently situated on the east side of the busy Denmark Hill (A215) immediately opposite Ruskin Park in the popular south-east London district of Camberwell. Central London is some 3 miles north of Camberwell. The property benefits from being some 100 metres from Kings College London one of London’s largest hospitals.

Tenure

Long Leasehold. Long Leasehold. Held for a term of 125 years from 25th November 2006 until 2131 at £350 per annum exclusive. The rent is to be increased by £100 pax every 25 years.

Location

Miles: 3 miles south-east of Central London
Roads: Denmark Hill (A215), South Circular Road (A205), A23
Rail: Denmark Hill Overground Station (Approx 9 mins to London Victoria & 17 mins to London Bridge)
Air: London Heathrow Airport, London City Airport, London Gatwick Airport

Situation

Tenure

Long Leasehold. Long Leasehold. Held for a term of 125 years from 25th November 2006 until 2131 at £350 per annum exclusive. The rent is to be increased by £100 pax every 25 years.

Description

The property comprises ground floor retail accommodation and forms part of a larger modern residential building.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises ground floor retail accommodation and forms part of a larger modern residential building.

VAT

VAT is not 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	129.02 sq m	(1,389 sq ft)	ONE STOP STORES LIMITED (1)	15 years from 22/07/2013 until 2028 on a full repairing and insuring lease (2)	£40,000	22/07/2023
Totals		129.02 sq m	(1,389 sq ft)			£40,000

(1) One Stop Stores Limited are ultimately owned by Tesco Plc and for the year ending 23rd February 2013 reported a turnover of £719,904,000, pre-tax profits of £37,012,000 and a total net worth of £132,934,000. (Source: www.riskdisk.com 24.02.2014)
(2)The lease provides for a tenant option to determine the lease on 22nd July 2023.