Popular affluent London suburb in the Royal London Borough of Greenwich
Nearby occupiers include Poundland, Greggs, Halifax Bank, Next, Sports Direct and Sainsbury’s
Residential redevelopment potential including additional floors (subject to consents)
5 Week Completion Period Available
Lot 21
Auction 29th March 2012
Rent £60,850 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
8 miles south-east of Central London
Roads
A20, A2, A205 (South Circular)
Rail
Eltham Rail, Mottingham Rail
Air
London City Airport, London Gatwick Airport, London Heathrow Airport
Situation
Eltham is a south-east suburb of London, within the Royal London Borough of Greenwich, with good communication links via the A205 (South Circular), A20 and A2. The property is situated in a prime retail position on the north side of Eltham High Street. Nearby occupiers include Poundland, Greggs, Halifax Bank, Next, Sports Direct and Sainsbury’s.
Tenure
Freehold.
Location
Miles
8 miles south-east of Central London
Roads
A20, A2, A205 (South Circular)
Rail
Eltham Rail, Mottingham Rail
Air
London City Airport, London Gatwick Airport, London Heathrow Airport
Situation
Eltham is a south-east suburb of London, within the Royal London Borough of Greenwich, with good communication links via the A205 (South Circular), A20 and A2. The property is situated in a prime retail position on the north side of Eltham High Street. Nearby occupiers include Poundland, Greggs, Halifax Bank, Next, Sports Direct and Sainsbury’s.
Tenure
Freehold.
Description
The property comprises two retail units on the ground floor with ancillary accommodation on the first floor and basement. The property may be suitable for residential developments by the addition of another floor, subject to consents.
5 Week Completion Period Available
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 two retail units on the ground floor with ancillary accommodation on the first floor and basement. The property may be suitable for residential developments by the addition of another floor, subject to consents.
5 Week Completion Period Available
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
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
161/163 – Unit 1
Ground First Basement
Retail Ancillary Ancillary
83.60 sq m 122.70 sq m 57.60 sq m
(900 sq ft) (1,321 sq ft) (620 sq ft)
GREENWICH & BEXLEY COTTAGE HOSPICE LIMITED (1)
10 years from 25/12/2005
£43,850
2015
159 – Unit 2
Ground Basement
Retail Ancillary
31.70 sq m Not measured
(341 sq ft) Not measured
PETER JOHN BURROWS & LEIGH BURROWS (t/a Konnect a Fone)
5 years from 26/03/2009
£17,000
2014
Totals
295.60 sq m
(3,182 sq ft)
£60,850
(1) Greenwich and Bexley Community Hospice provide specialist palliative care to the London Boroughs of Greenwich and Bexley caring for over 2,500 patients and operate from 14 shops in the two London boroughs, which have a retail income of £1,331,920 for 2010-2011. (Source: www.communityhospice.org.uk 01/03/2012)
