159/163 Eltham High Street Eltham London SE9 1TW

159/163 Eltham High Street
Eltham
London
SE9 1TW

Freehold Retail Investment

Prominent High Street location
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Withdrawn Post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
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Retail Investment

Prominent High Street location
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Status Withdrawn Post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

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

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)