60 Deptford High Street Deptford London SE8 4RT

60 Deptford High Street
Deptford
London
SE8 4RT

Virtual Freehold Retail Investment

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
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

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Virtual Freehold Retail Investment

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

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

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		FISH BROTHERS GROUP LIMITED (1)		£42,500	31/01/2012
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)