14 Deptford High Street Deptford London SE8 4AF

14 Deptford High Street
Deptford
London
SE8 4AF

Virtual Freehold Retail Investment

Ground and basement let to Betting Shop Operations Limited until 2028
Prominent pedestrianised High Street location
Nearby occupiers include Peacocks, Tesco Express, Londis and William Hill
Six Week Completion Period Available

Lot
60
Auction
18th October 2011
Rent
£55,000 per Annum Exclusive
Status
Withdrawn Post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

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Virtual Freehold Retail Investment

Ground and basement let to Betting Shop Operations Limited until 2028
Prominent pedestrianised High Street location
Nearby occupiers include Peacocks, Tesco Express, Londis and William Hill
Six Week Completion Period Available

Lot 60
Auction 18th October 2011
Rent £55,000 per Annum Exclusive
Status Withdrawn Post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

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 location on the eastern side of the pedestrianised High Street. Nearby occupiers include Peacocks, Tesco Express, Londis and William Hill.

Tenure

Virtual Freehold. Held for a term of 999 years from 4th January 2007 until 3rd 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 location on the eastern side of the pedestrianised High Street. Nearby occupiers include Peacocks, Tesco Express, Londis and William Hill.

Tenure

Virtual Freehold. Held for a term of 999 years from 4th January 2007 until 3rd 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 Basement	Retail Ancillary	251 sq m 46 sq m	(2,700 sq ft) (500 sq ft)	BETTING SHOP OPERATIONS LIMITED (t/a BetterBet) (1)	20 years from 21/07/2008 until 20/07/2028 on a full repairing and insuring lease	£55,000	21/07/2013
Totals		297 sq m	(3,200 sq ft)			£55,000

(1) Launched in 2005, BetterBet offers a full betting service including high street shops and a free phone call centre. In December 2009, BetterBet merged with the country's oldest established independent bookmaker JenningsBet and now has over 70 high street shops. (Source: www.betterbet.com 19/09/2011)