87 & 89 Eltham High Street
London
SE9 1UN

Freehold Retail Investment

  • Let to Sportswift Limited (t/a Card Factory) and Harvey & Thompson Limited
  • Recently renewed leases in 2018 and 2019
  • Prime High Street location in popular London suburb
  • Nearby occupiers include Marks & Spencer, Iceland, TK Maxx, Costa Coffee, KFC, Subway, McDonald's, Superdrug, Boots the Chemist and WHSmith
  • VAT-free London investment
  • Lot
    16
  • Auction
    26/Mar/2020
  • Rent
    £71,000 per Annum Exclusive
  • Status
    Contact Us
  • Price*
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    Marble Arch
    London W1H 7TN
Important Auction & Property Update
  • 87 & 89 Eltham High Street<br>London<br>SE9 1UN
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* More information on the term "price" can be found here

Property Information

Location
Miles
4 miles south-east of Greenwich and Blackheath
8 miles west of Dartford
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 and WHSmith. A new Vue Cinema complex at 168-176 High Street has recently opened, to include a Pizza Express and a Nando's.

Tenure

Freehold.

Description

The property comprises two ground floor shops with ancillary accommodation to the rear.

VAT

VAT is not applicable to this lot.

EPC

Band D. See legal pack at acuitus.co.k.

Tenancy & Accommodation

 FloorUseFloor Areas (Approx)TenantTermRent p.a.x
87GroundRetail/Ancillary
104.50 sq m
(1,125 sq ft)
SPORTSWIFT
LIMITED t/a
Card Factory(1)
4 years from 29/09/2019
on a full repairing and
insuring lease
£36,000
89GroundRetail/Ancillary
102.75 sq m
(1,106 sq ft)
HARVEY &
THOMPSON
LIMITED (2)
5 years from 11/05/2018
on a full repairing and
insuring lease
£35,000
Total
207.25 sq m
(2,231 sq ft)
  £71,000

(1) For the year ending 31st January 2019, Sportswift Limited reported a turnover of £417,167,000, pre-tax profits of £66,206,000 and a total net worth of £24,056,000 (source: Experian Group 26/02/2020). Card Factory operates from over 800 stores across the UK (www.cardfactory.co.uk). Please note the lease is excluded from the Security of Tenure provisions of the Landlord & Tenant Act 1954.
(2) For the year ending 31st December 2018, Harvey & Thompson Limited reported a turnover of £143,025,000, pre-tax profits of £13,678,000 and a total net worth of £98,362,000 (source: Experian Group 26/02/2020).
H&T operates from 254 stores across the UK (www.handt.co.uk/stores).

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    20.03.20
    File Size
    5 MB
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  • Site Plan
    Updated Date
    04.03.20
    File Size
    582 KB
    View PDF
  • Catalogue Page
    Updated Date
    04.03.20
    File Size
    580 KB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    20.05.20
    File Size
    694 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Harold Benjamin Solicitors Hygeia Building, 4th Floor, 66 - 68 College Road
Harrow
HA1 1BE
Adam Fidler 0208 872 3076adam.fidler@haroldbenjamin.com

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