Includes a self-contained two bedroom maisonette on upper floors
Busy Central London Location
Nearby occupiers include Greggs, Ladbrokes, William Hill and Tesco
Approximately ½ mile from Tower Bridge and the Tower of London
Lot 4
Auction 9th July 2014
Rent £28,900 per Annum Exclusive
Status Sold
Price £475,000
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
½ a mile south of the City of London, 2.5 miles south-east of the West End
Roads
Tower Bridge Road (A100), A2, A3
Rail
Borough Underground Station (Northern Line), Elephant and Castle National/Underground Station (Northern & Bakerloo Lines)
Air
London City Airport, London Heathrow Airport, London Gatwick Airport
Situation
The property is located on the busy arterial route between south east London and the City of London and is prominently situated on the east side of the busy Tower Bridge Road close to its junction with Grange Road. Nearby occupiers include Greggs, Ladbrokes, William Hill, HSS and Tesco. The property benefits from being approximately ½ a mile from Tower Bridge, The South Bank and the Tower of London whilst the historic Bermondsey Antique Market is some 50m to the north.
Tenure
Freehold.
Location
Miles
½ a mile south of the City of London, 2.5 miles south-east of the West End
Roads
Tower Bridge Road (A100), A2, A3
Rail
Borough Underground Station (Northern Line), Elephant and Castle National/Underground Station (Northern & Bakerloo Lines)
Air
London City Airport, London Heathrow Airport, London Gatwick Airport
Situation
The property is located on the busy arterial route between south east London and the City of London and is prominently situated on the east side of the busy Tower Bridge Road close to its junction with Grange Road. Nearby occupiers include Greggs, Ladbrokes, William Hill, HSS and Tesco. The property benefits from being approximately ½ a mile from Tower Bridge, The South Bank and the Tower of London whilst the historic Bermondsey Antique Market is some 50m to the north.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with a self-contained two bedroom maisonette on the first and second floors. The property benefits from a rear yard.
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 with a self-contained two bedroom maisonette on the first and second floors. The property benefits from a rear yard.
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
Restaurant
51.35 sq m
(553 sq ft)
INDIVIDUAL t/a Jad Grill
10 years from 17/12/2009
£14,500
17/12/2014
First & Second
Residential – 2 Bedroom Maisonette
Not Measured
INDIVIDUALS
AST for 12 months from 23/08/2013
£14,400 (1)
Totals
51.35 sq m
(553 sq ft)
£28,900
(1) The rent reserved under the terms of the Assured Shorthold Tenancy is £1,200 per calendar month exclusive. The rent shown above has been annualised.
