Betfred, 2 Odeon Parade Eltham London SE9 6BZ

Betfred, 2 Odeon Parade
Eltham
London
SE9 6BZ

Virtual Freehold Retail Investment

Let to Done Brothers (Cash Betting) Limited
Lease expires January 2025
2020 break option not exercised
Prominent location just off Well Hall Road (A208)
Established local retail parade
Nearby occupiers include Tesco Express, Domino's, William Hill and Energie Fitness

Lot
4
Auction
13th July 2023
Rent
£14,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Live Streamed Auction

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Virtual Freehold Retail Investment

Let to Done Brothers (Cash Betting) Limited
Lease expires January 2025
2020 break option not exercised
Prominent location just off Well Hall Road (A208)
Established local retail parade
Nearby occupiers include Tesco Express, Domino's, William Hill and Energie Fitness

Lot 4
Auction 13th July 2023
Rent £14,000 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 4 miles south-east of Greenwich, 9 miles south-east of Central London
Roads: A2, A20, A205, A208
Rail: Eltham Train Station
Air: London City Airport, London Gatwick Airport, London Heathrow Airport

Situation

The property is located in a prime location on the western side of Well Hall Road (A208), less than half a mile from Eltham Station. The property is situated in an established, local retail parade on Odeon Parade. Nearby occupiers include Tesco Express, Domino's, William Hill and Energie Fitness.

Tenure

Virtual Freehold. Held for a term of 999 years less three days from 27/06/2012 at a fixed peppercorn ground rent.

Location

Miles: 4 miles south-east of Greenwich, 9 miles south-east of Central London
Roads: A2, A20, A205, A208
Rail: Eltham Train Station
Air: London City Airport, London Gatwick Airport, London Heathrow Airport

Situation

Tenure

Virtual Freehold. Held for a term of 999 years less three days from 27/06/2012 at a fixed peppercorn ground rent.

Description

The property comprises a betting office arranged on the ground floor only.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D

Description

The property comprises a betting office arranged on the ground floor only.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m (1)	Floor Areas Approx sq ft (1)	Tenant	Term	Rent p.a.x.
Ground	Betting Office/Ancillary	82.19	(885)	DONE BROTHERS (CASH BETTING) LIMITED (2)	10 years from 08/01/2015	£14,000
Total		82.19	(885)			£14,000

(1) Areas provided by VOA (www.gov.uk/find-business-rates)
(2) For the year ending 26th September 2021, Done Brothers (Cash Betting) Limited reported a turnover of £244,150,000 and a net worth of £114,809,000 (www.northrow.com).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.