2 Coldharbour Lane London SE5 9PR

  • 2 Coldharbour Lane<br>London<br>SE5 9PR

2 Coldharbour Lane
London
SE5 9PR

Freehold Retail and Residential Ground Rent Investment

  • Retail let to Power Leisure Bookmakers Limited until 2024 (subject to option)
  • Includes 6 residential flats
  • Prominent position at the junction of Denmark Hill
  • Popular South East London suburb close to the Major Kings College Hospital
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    20
  • Auction
    11th February 2016
  • Rent
    £52,750 per Annum Exclusive
  • Status
    Sold
  • Price
    £750,000
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Retail and Residential Ground Rent Investment

  • Retail let to Power Leisure Bookmakers Limited until 2024 (subject to option)
  • Includes 6 residential flats
  • Prominent position at the junction of Denmark Hill
  • Popular South East London suburb close to the Major Kings College Hospital
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 20
  • Auction 11th February 2016
  • Rent £52,750 per Annum Exclusive
  • Status Sold
  • Price £750,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
3 miles south-east of Central London
Roads
Denmark Hill (A215), South Circular Road (A205), Brixton Road (A23), A3, A202
Rail
Denmark Hill Overground Station (Approx 9 mins to London Victoria and 17 mins to London Bridge)
Air
London City Airport, London Heathrow, London Gatwick
Situation

The property is situated in a prominent position on the west side of Coldharbour Lane at its junction with the busy Denmark Hill (A215) in the popular south-east London district of Camberwell. Central London is some 3 miles north of Camberwell and the property benefits from being some 300 metres from Kings College London, one of London’s largest hospitals.

Tenure

Freehold.

Location
Miles
3 miles south-east of Central London
Roads
Denmark Hill (A215), South Circular Road (A205), Brixton Road (A23), A3, A202
Rail
Denmark Hill Overground Station (Approx 9 mins to London Victoria and 17 mins to London Bridge)
Air
London City Airport, London Heathrow, London Gatwick
Situation

The property is situated in a prominent position on the west side of Coldharbour Lane at its junction with the busy Denmark Hill (A215) in the popular south-east London district of Camberwell. Central London is some 3 miles north of Camberwell and the property benefits from being some 300 metres from Kings College London, one of London’s largest hospitals.

Tenure

Freehold.

Description

The property comprises ground and lower ground floor retail accommodation with 6 self-contained residential flats on the first to third floors. The property also benefits from a gated yard to the rear.

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 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 and lower ground floor retail accommodation with 6 self-contained residential flats on the first to third floors. The property also benefits from a gated yard to the rear.

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 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/(Reversion)
Lower Ground
Ground		 Retail
54.06 sq m
104.77 sq m
(582 sq ft)
(1,128 sq ft)
 POWER LEISURE
BOOKMAKERS
LIMITED (1)		 15 years from 26/08/2009
on a full repairing and
insuring lease (2)		 £51,250 26/08/2019
(25/08/2024)
First to Third Residential
6 x Residential Flats
 INDIVIDUALS 99 years from
24/06/2004 (4)		 £1,500 (3) (23/06/2103)
Total Commercial Area  
158.83 sq m
(1,710 sq ft)
     £52,750

(1) Paddy Power plc is the Ultimate Holding Company. Paddy Power operates from 319 shops in the United Kingdom and Ireland. (Source: www.paddypower.com).
(2) The lease provides for a tenant option to determine the lease on 25/08/2019.
(3) The rent doubles every 33 years.
(4) The seller has served a notice on the qualifying residential tenants pursuant to Section 5b of the Landlord and Tenant Act 1987.

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Amphlett Lissimore Greystoke House, 80-86 Westow Street
London
SE19 3AF
Melanie Greer-Walker +44 (0)20 8768 6486m.greer-walker@amphlettlissimore.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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