196b Southwark Park Road Bermondsey London SE16 3RP

196b Southwark Park Road
Bermondsey
London
SE16 3RP

  • 196b Southwark Park Road<br>Bermondsey<br>London<br>SE16 3RP

Central London Retail Investment

  • Prominent Central London Retail Unit
  • Let Until 2035 (subject to option)
  • Rent Reviews Every 3rd Year
  • Prominent Position on Southwark Park Road (A2206)
  • Affluent Central London Location
  • Nearby occupiers include Tesco, Betfred, Poundland, Iceland
  • Lot
    35
  • Auction
    12/Jul/2022
  • Rent
    £18,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £300,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
1 mile south east of Tower Bridge, 1.2 miles south east of the City of London, 2.5 miles south west of London Docklands and Canary Wharf, 1.5 miles south east of London Bridge
Roads
A2206, A2, A20, A205 South Circular Road.
Rail
Bermonsey Underground Station, Surrey Quays Overground Station.
Air
London City Airport, London Heathrow Airport, London Gatwick Airport
Situation

Bermondsey benefits from being approximately 1 mile equidistant between Tower Bridge and the City of London and the regenerated fashionable and affluent Surrey Quays.

The property is situated on the south side of South Park Road at the junction of St James Road a forms part of a major newly constructed 5 storey residential building. Nearby occupiers include Tesco, Betfred, Poundland, Iceland and a mix of independent retailers.

Tenure

Long Leasehold. Held for a term of 250 years from completion of the sale at a fixed peppercorn ground rent.

Location
Miles
1 mile south east of Tower Bridge, 1.2 miles south east of the City of London, 2.5 miles south west of London Docklands and Canary Wharf, 1.5 miles south east of London Bridge
Roads
A2206, A2, A20, A205 South Circular Road.
Rail
Bermonsey Underground Station, Surrey Quays Overground Station.
Air
London City Airport, London Heathrow Airport, London Gatwick Airport
Situation

Bermondsey benefits from being approximately 1 mile equidistant between Tower Bridge and the City of London and the regenerated fashionable and affluent Surrey Quays.

The property is situated on the south side of South Park Road at the junction of St James Road a forms part of a major newly constructed 5 storey residential building. Nearby occupiers include Tesco, Betfred, Poundland, Iceland and a mix of independent retailers.

Tenure

Long Leasehold. Held for a term of 250 years from completion of the sale at a fixed peppercorn ground rent.

Description

The property comprises ground floor retail accommodation and ancillary accommodation on the lower ground floor. The property forms part or a larger recently developed office/apartment building.

VAT

VAT is applicable to this lot.

Note

196a Southwark Park Road is being offered for sale separately as Lot 43

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises ground floor retail accommodation and ancillary accommodation on the lower ground floor. The property forms part or a larger recently developed office/apartment building.

VAT

VAT is applicable to this lot.

Note

196a Southwark Park Road is being offered for sale separately as Lot 43

Completion Period

Six week completion

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/(Reversion)
Ground
Lower Ground
Retail
Ancillary
35.77 sq m
33.47 sq m
(385 sq ft)
(360 sq ft)
INDIVIDUAL
t/a YoYos
15 years from 01/07/2020
until 2035 (1)
£18,000
01/07/2023
and 3 yearly
(30/06/2035)
Total Approximate
Floor Area
 
69.24 sq m
(745 sq ft)
(2)
   
£18,000
 

(1) The lease provides for a mutual option to determine the lease on 30/06/2030 upon serving 6 months notice.
(2) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk)

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

  • Solicitors Legal Pack
    Updated Date
    28.06.22
    File Size
    14 MB
    Login to View
  • Brochure
    Updated Date
    22.06.22
    File Size
    672 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

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Seller's Solicitors
TWM Solicitors LLP 65 Woodbridge Road
Guildford
Surrey
GU1 4RD
Olga Rodionova 01483 752774olga.rodionova@twmsolicitors.com

Useful Links

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

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