Unit 2, 169 / 175 Croydon Road Penge London SE20 7TY

Unit 2, 169 / 175 Croydon Road
Penge
London
SE20 7TY

Virtual Freehold Retail Investment

Let to Ladbrokes Betting and Gaming Limited
Rent Review 2016
Adjacent to Tesco Express
Popular South-East London suburb
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
66
Auction
22nd October 2015
Rent
£35,500 per Annum Exclusive
Status
Sold
Price
£475,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Virtual Freehold Retail Investment

Let to Ladbrokes Betting and Gaming Limited
Rent Review 2016
Adjacent to Tesco Express
Popular South-East London suburb
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 66
Auction 22nd October 2015
Rent £35,500 per Annum Exclusive
Status Sold
Price £475,000
Sector
High Street Retail
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

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

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)