102 - 108 Kirkdale Sydenham London SE26 4BG

102 - 108 Kirkdale
Sydenham
London
SE26 4BG

Freehold Retail Investment

Retail let to 2029 (no breaks)
Includes large rear car park
Residential development potential on car park (subject to consents)
Affluent and busy South London suburb
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
48
Auction
13th October 2016
Rent
£40,000 per Annum Exclusive
Status
Sold
Price
£625,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG

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Freehold Retail Investment

Retail let to 2029 (no breaks)
Includes large rear car park
Residential development potential on car park (subject to consents)
Affluent and busy South London suburb
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 48
Auction 13th October 2016
Rent £40,000 per Annum Exclusive
Status Sold
Price £625,000
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 is 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

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 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.

Completion Period

Six Week Completion

EPC

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

Description

VAT

VAT is not applicable to this lot.

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 1,700 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/).