Ground and basement let to Fish Brothers Group Limited until 2022
Prominent corner position on pedestrianised High Street
Nearby occupiers include Ladbrokes, Coral Bookmakers, Greggs and Halifax Bank
Six Week Completion Period Available
Lot 55
Auction 18th October 2011
Rent £42,500 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
On the instructions of J Pitt and B Moon acting as Joint Fixed Charge Receivers, BNP Paribas Real Estate
Property Information
Location
Miles
1.7 miles west of Greenwich, 5.8 miles south-east of Central London
Roads
A2209, A2, A206
Rail
Deptford Railway Station (6 minutes to London Bridge, , 10 minutes to London Cannon Street), Deptford Bridge DLR (11 minutes to Canary Wharf)
Air
London City Airport
Situation
The property is situated in a prominent corner location on the eastern side of the pedestrianised High Street, at its junction with Hales Street. Nearby occupiers include Ladbrokes, Coral Bookmakers, Greggs and Halifax Bank.
Tenure
Virtual Freehold. Held for a term of 999 years from 31st January 2007 until 30th January 3006 at a peppercorn rent
Location
Miles
1.7 miles west of Greenwich, 5.8 miles south-east of Central London
Roads
A2209, A2, A206
Rail
Deptford Railway Station (6 minutes to London Bridge, , 10 minutes to London Cannon Street), Deptford Bridge DLR (11 minutes to Canary Wharf)
Air
London City Airport
Situation
The property is situated in a prominent corner location on the eastern side of the pedestrianised High Street, at its junction with Hales Street. Nearby occupiers include Ladbrokes, Coral Bookmakers, Greggs and Halifax Bank.
Tenure
Virtual Freehold. Held for a term of 999 years from 31st January 2007 until 30th January 3006 at a peppercorn rent
Description
The property comprises a ground floor retail unit with basement ancillary accommodation.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including any in relation to the VAT, can be given. The Law of Property Act Receivers are not bound to accept the highest or any offer and are acting without personal liability.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit with basement ancillary accommodation.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including any in relation to the VAT, can be given. The Law of Property Act Receivers are not bound to accept the highest or any offer and are acting without personal liability.
VAT
VAT is not applicable to this lot.
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
Retail
117.36 sq m
(1,263 sq ft)
FISH BROTHERS GROUP LIMITED (1)
15 years from 31/01/2007 until 30/01/2022 on a full repairing and insuring lease
£42,500
31/01/2012
Basement
Ancillary
Not Measured
Totals
117.36 sq m
(1,263 sq ft)
£42,500
(1) For the year ending 31st March 2011, Fish Brothers Group Limited reported a turnover of £12,156,325, pre-tax profits of £1,629,405 and a net worth of £6,719,103. (Source: www.riskdisk.com 19/09/2011)
Contacts
Seller's Solicitors
Berwin Leighton Paisner LLP Adelaide House, London Bridge London EC4R 9HA
