Nag's Head
242 Camberwell Road, Camberwell
London
SE5 0DP

Freehold Public House Investment

  • Entirely let until 2037
  • Public house and three bedroom flat
  • Planning consent granted to add an infill additional floor for self-contained residential use
  • Rent subject to 5 yearly upward only open market reviews
  • Approximately 3 miles south of Central London
  • Lot
    23
  • Auction
    14/Feb/2019
  • Rent
    £75,000 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price*
     
  • Sector
    Public House
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Auction & Property Update
  • Nag's Head<br>242 Camberwell Road, Camberwell<br>London<br>SE5 0DP
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* More information on the term "price" can be found here

Property Information

Location
Miles
1 mile south-east of Oval cricket ground, 2.5 miles south-east of Westminster, 3 miles south of Central London
Roads
Camberwell Road (A215), Camberwell New Road (A202), South Circular Road (A205), A23
Rail
Denmark Hill Overground Station (Approx 9 mins to London Victoria), Oval Underground Station (Northern)
Air
London Heathrow Airport, London City Airport, London Gatwick Airport
Situation

The property is prominently situated on the west side of the busy Camberwell Road (A215), in the popular South East London suburb of Camberwell. The property benefits from being approximately 900 metres to the major King’s College Hospital and some 2.5 miles south-east of Westminster. The immediate surrounding area benefits from substantial new private residential development (See: www.wingofcamberwell.co.uk).

Tenure

Freehold.

Description

The property comprises a public house on the ground floor with ancillary accommodation in the basement. The first floor comprises a three bedroom residential flat.

VAT

VAT is applicable to this lot.

Planning

We understand that the property is not Listed and is not within a Conservation Area, but the ground floor and basement are registered as an Asset of Community Value. The property may be suitable for future residential redevelopment of the upper parts. Planning permission (ref 15/AP/4839) was granted in April 2016 to infill the ground floor rear with retention of A4 use. In addition, the permission allowed for the change of use of the ancillary first floor accommodation to C3 residential with the extension of the mansard roof to allow for an additional second floor to be installed.

Completion Period

Six Week Completion

EPC

Band D

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
Ground
First
Basement
Public House
3 Bedroom Flat
Storage
116 sq m
89 sq m
89 sq m
(1,252 sq ft)
(954 sq ft)
(961 sq ft)
INDIVIDUAL20 years from
02/05/2017 until
1/05/2037 on a full
repairing and
insuring lease
£75,00002/05/2022,
02/05/2027,
02/05/2032
(1)
Totals
294 sq m
(3,167 sq ft)
  £75,000 

(1) The rent is subject to 5 yearly upward only rent reviews to open market rental value.

Property Documents

  • Catalogue Page
    Updated Date
    22.01.19
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    22.01.19
    File Size
    783 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.01.19
    File Size
    143 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44(0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
JMW Solicitors 1 Byrom Place
Manchester
M3 3HG
Carrie Whittle 0161 838 2880carrie.whittle@jmw.co.uk

Useful Links

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