102 - 108 Kirkdale Sydenham London SE26 4BG

  • 102 - 108 Kirkdale<br>Sydenham<br>London<br>SE26 4BG

102 - 108 Kirkdale
Sydenham
London
SE26 4BG

Freehold Retail Investment with Significant Residential Development Potential (subject to consents)

  • Retail let to 2029 (no breaks)
  • Includes large car park
  • Application for 2 bedroom house with car parking submitted
  • Affluent and busy South London suburb
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    68
  • Auction
    7th July 2016
  • Rent
    £40,000 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
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Freehold Retail Investment with Significant Residential Development Potential (subject to consents)

  • Retail let to 2029 (no breaks)
  • Includes large car park
  • Application for 2 bedroom house with car parking submitted
  • Affluent and busy South London suburb
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 68
  • Auction 7th July 2016
  • Rent £40,000 per Annum Exclusive
  • Status Sold Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG

Property Information

Location
Miles
6 miles south-east of Central London, 1.7 miles south-east of Dulwich Village
Roads
A20, A203, A205 (South Circular Road)
Rail
Forest Hill Railway Station (17 mins to London Bridge), Sydenham Railway Station
Air
London City Airport, London Heathrow Airport, London Gatwick Airport
Situation

Sydenham in an affluent and busy South London suburb approximately 6 miles south of central London. Affluent Dulwich and Forest Hill are some 1 mile to the north and Crystal Palace is some 1 mile to the south. The property is situated on the west side of Kirkdale at its roundabout junction with Dartmouth Road. Neighbouring occupiers include Tesco Express and Coral.

Tenure

Freehold.

Location
Miles
6 miles south-east of Central London, 1.7 miles south-east of Dulwich Village
Roads
A20, A203, A205 (South Circular Road)
Rail
Forest Hill Railway Station (17 mins to London Bridge), Sydenham Railway Station
Air
London City Airport, London Heathrow Airport, London Gatwick Airport
Situation

Sydenham in an affluent and busy South London suburb approximately 6 miles south of central London. Affluent Dulwich and Forest Hill are some 1 mile to the north and Crystal Palace is some 1 mile to the south. The property is situated on the west side of Kirkdale at its roundabout junction with Dartmouth Road. Neighbouring occupiers include Tesco Express and Coral.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit benefiting from a quadruple frontage with basement ancillary accommodation. The upper two floors comprise some 14 residential flats and the property further benefits from significant residential development potential to the rear of the property on part of the rear car park on Fransfield Grove (subject to consents).

VAT

VAT is not applicable to this lot.

Planning

Planning permission has been submitted for the erection of a two bedroom house at the rear of the property under reference PP0508474. Further details are available in the solicitors legal pack. The seller anticipates that consent will be granted.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises a ground floor retail unit benefiting from a quadruple frontage with basement ancillary accommodation. The upper two floors comprise some 14 residential flats and the property further benefits from significant residential development potential to the rear of the property on part of the rear car park on Fransfield Grove (subject to consents).

VAT

VAT is not applicable to this lot.

Planning

Planning permission has been submitted for the erection of a two bedroom house at the rear of the property under reference PP0508474. Further details are available in the solicitors legal pack. The seller anticipates that consent will be granted.

Completion Period

Six Week Completion

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 Reviews
Ground
Basement 		Retail
Ancillary
209.01 sq m
48.77 sq m
(2,249 sq ft)
(525 sq ft)
 INDIVIDUAL
(t/a Costcutter) (1)		 15 years from
03/07/2014		 £40,000 13/07/2019 and
five yearly
First and Second 14 residential flats
HEXAGON
HOUSING
ASSOCIATION
LIMITED		 990 years from
10/04/1992		 Peppercorn  
Total Commercial
Area		  
257.78 sq m
(2,774 sq ft)
     £40,000

(1) Costcutter has some 1700 stores across the UK run by independent retailers. Costcutter is part of Costcutter Supermarkets Group, which is predominantly a franchise business with over 2,500 convenience stores, trading under Costcutter, Mace, Kwik-Save and Supershop throughout the UK and Republic of Ireland (www.costcutter.co.uk/about-us/).

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Associate Auctioneers
Symon Smith & Partners Limited 277/281 Oxford Street
London
WC1 2DL
Alan Millinder +44 (0)20 7495 7020 amillinder@symonsmith.com
Seller's Solicitors
Fuglers LLP Solicitors 70 Charlotte Street
London
W1T 4QG
Austin Weinberg 0207 323 6450austinw@fuglers.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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