Entirely let to Shoe Zone Retail Limited on a 15 year lease
Prominent corner unit in High Street location
Nearby occupiers include Boots Chemist, Marks and Spencer, Dorothy Perkins, Card Factory and Nationwide Building Society
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 4
Auction 11th February 2016
Rent £52,500 per Annum Exclusive
Status Sold
Price £822,000
Sector High Street Retail
Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of Liquidators, BDO
Property Information
Location
Miles
8 miles south-east of Central London
Roads
A20, A2, A205 (South Circular)
Rail
Eltham Railway Station, direct to London Victoria, Cannon Street and Charing Cross
Air
London City Airport
Situation
Eltham is a suburb in South East London within the Royal Borough of Greenwich. The property is situated in a prominent position on the High Street and forms part of the Chequers Parade. Nearby
occupiers include Boots Chemist, Marks and Spencer, Dorothy Perkins, Card Factory and Nationwide Building Society.
Tenure
Freehold.
Location
Miles
8 miles south-east of Central London
Roads
A20, A2, A205 (South Circular)
Rail
Eltham Railway Station, direct to London Victoria, Cannon Street and Charing Cross
Air
London City Airport
Situation
Eltham is a suburb in South East London within the Royal Borough of Greenwich. The property is situated in a prominent position on the High Street and forms part of the Chequers Parade. Nearby
occupiers include Boots Chemist, Marks and Spencer, Dorothy Perkins, Card Factory and Nationwide Building Society.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with first floor ancillary accommodation and benefits from a small yard and servicing to the rear.
Six Week Completion
Note
This property is being marketed for sale on behalf of Liquidators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Liquidators to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Liquidators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
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 ground floor retail unit with first floor ancillary accommodation and benefits from a small yard and servicing to the rear.
Six Week Completion
Note
This property is being marketed for sale on behalf of Liquidators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Liquidators to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Liquidators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
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
116.11 sq m
(1,250 sq ft)
SHOE ZONE RETAIL LIMITED (1)
15 years from 03/07/2006 until 02/07/2021 on a full repairing and insuring lease
£52,500
03/07/2016
First
Ancillary
71.43 sq m
(769 sq ft)
Totals
187.54 sq m
(2,019 sq ft)
£52,500
(1) For the year ending 4th October 2014, Shoe Zone Retail Limited reported a turnover of £172,861,000, pre-tax profits of £11,677,000 and a total net worth of £29,677,000. (Source: Experian Group 13/01/2015)
Contacts
Seller's Solicitors
Dentons UKMEA LLP 21 Station Road Watford WD17 1HT
