83 Eltham High Street London Royal London Borough of Greenwich SE9 1TD

  • 83 Eltham High Street<br>London<br>Royal London Borough of Greenwich<br>SE9 1TD

83 Eltham High Street
London
Royal London Borough of Greenwich
SE9 1TD

Freehold Shop Investment

  • Prime high street location in popular London suburb
  • Let to RAL Limited on a lease expiring 06/06/2026
  • Nearby occupiers include Marks & Spencer, Iceland, TK Maxx, Costa Coffee, KFC, Subway, McDonald's, Superdrug, Boots the Chemist and WHSmith
  • VAT-free investment
  • Lot
    1
  • Auction
    12th February 2020
  • Rent
    £32,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £532,000
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    Marble Arch
    London W1H 7TN
  • Expand
  • Photos
  • Map

Freehold Shop Investment

  • Prime high street location in popular London suburb
  • Let to RAL Limited on a lease expiring 06/06/2026
  • Nearby occupiers include Marks & Spencer, Iceland, TK Maxx, Costa Coffee, KFC, Subway, McDonald's, Superdrug, Boots the Chemist and WHSmith
  • VAT-free investment
  • Lot 1
  • Auction 12th February 2020
  • Rent £32,000 per Annum Exclusive
  • Status Sold
  • Price £532,000
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    Marble Arch
    London W1H 7TN

Property Information

Location
Miles
4 miles south-east of Greenwich and Blackheath
8 miles west of Dartford
10 miles south-east of Central London
Roads
A2, A20, A205
Rail
Eltham Train Station
Air
London City Airport, London Gatwick Airport & London Heathrow Airport
Situation

Eltham is a popular suburb of South East London within the Royal Borough of Greenwich, 10 miles south-east of Central London. The property is located in a prime location on the northern side of Eltham High Street, less than half a mile from Eltham Station. Nearby occupiers include Marks & Spencer, Iceland, TK Maxx, Costa Coffee, KFC, Subway, McDonald's, Superdrug, Boots the Chemist, WHSmith and various banks. A new Vue Cinema complex at 168-176 High Street is due to open imminently, to include a
Pizza Express and a Nando's.

Tenure

Freehold.

Location
Miles
4 miles south-east of Greenwich and Blackheath
8 miles west of Dartford
10 miles south-east of Central London
Roads
A2, A20, A205
Rail
Eltham Train Station
Air
London City Airport, London Gatwick Airport & London Heathrow Airport
Situation

Eltham is a popular suburb of South East London within the Royal Borough of Greenwich, 10 miles south-east of Central London. The property is located in a prime location on the northern side of Eltham High Street, less than half a mile from Eltham Station. Nearby occupiers include Marks & Spencer, Iceland, TK Maxx, Costa Coffee, KFC, Subway, McDonald's, Superdrug, Boots the Chemist, WHSmith and various banks. A new Vue Cinema complex at 168-176 High Street is due to open imminently, to include a
Pizza Express and a Nando's.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit currently used as an amusement arcade, with ancillary accommodation to the rear.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

See legal pack at www.acuitus.co.uk

Description

The property comprises a ground floor retail unit currently used as an amusement arcade, with ancillary accommodation to the rear.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review
Ground Retail
109.89 sq m
(1,182 sq ft)
RAL LIMITED (1)
t/a Admiral
Casino
10 years from 07/06/2016
on a full repairing and
insuring lease (2)
£32,000 07/06/2021
Total
109.89 sq m
(1,182 sq ft)
    £32,000  

(1) For the year ending 31st December 2018, RAL Limited reported a turnover of £72,769,455, pre-tax profits of £8,221,399 and a total net worth of £19,493,809 (Source: Experian 20/01/2020). “In 2010, we proudly became part of the NOVOMATIC Group, which is one of the biggest international producers and operators of gaming technologies in the world. Between 2014 and 2017, Novomatic also acquired Luxury Leisure & Talarius who operate hundreds of gaming venues across the UK, also known as AGCs, branded as Quicksilver. All of these venues combined to be rebranded as ADMIRAL, many of which received brand new refurbishments. There are now 233 Admiral gaming venues in the UK. As well as these AGCs, Admiral have more than 1,500 outlets worldwide, including over 60 casinos”(Source:www.admiralcasino.co.uk).
(2) Lease renewal of a lease for a term of years from 2004

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Catalogue Page
    Updated Date
    22.01.20
    File Size
    582 KB
    View PDF
  • Site Plan
    Updated Date
    22.01.20
    File Size
    570 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Quality Solicitors Knight Polson 2 - 4 Leigh Road
Eastleigh
Hampshire
SO50 9FH
Peter Booker 023 8064 4822peter.booker@knightpolson.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now