Freehold Betting Shop and Residential Investment in South London Location
Shop let to William Hill Organization Ltd on a 15 year lease until 2023
Located in busy South London suburb
Opposite Moorlands Residential Estate
300 metres from Brixton Village
Six Week Completion Available
Lot 33
Auction 6th December 2012
Rent £19,050 per Annum Exclusive
Status Sold
Price £300,000
Sector Leisure
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
On the instructions of Joint Fixed CHarge Receivers, BNP Paribas Real Estate
Property Information
Location
Miles
0.25 miles from Brixton Underground Station, 3.5 miles south of City of London
Roads
A3, A202
Rail
Brixton Underground (Victoria Line) and Rail Station
Air
London Airports: City (8 miles), Heathrow (15 miles), Gatwick (21 miles)
Situation
The property is situated in a prominent location on the north side of Coldharbour Lane (A2217) close to its junction with Gresham Road, opposite the Moorlands residential complex. Coldharbour Lane (A2217) connects to both the M25 and M23 motorways via the A23. The popular Brixton Village is located approximately 300 metres from the property.
Tenure
Freehold.
Location
Miles
0.25 miles from Brixton Underground Station, 3.5 miles south of City of London
Roads
A3, A202
Rail
Brixton Underground (Victoria Line) and Rail Station
Air
London Airports: City (8 miles), Heathrow (15 miles), Gatwick (21 miles)
Situation
The property is situated in a prominent location on the north side of Coldharbour Lane (A2217) close to its junction with Gresham Road, opposite the Moorlands residential complex. Coldharbour Lane (A2217) connects to both the M25 and M23 motorways via the A23. The popular Brixton Village is located approximately 300 metres from the property.
Tenure
Freehold.
Description
The property comprises a ground floor betting shop with residential accommodation over first, second and third floors.
Note
This property is being marketed for sale on behalf of Joint Fixed Charge Receivers excluding any title guarantees, warranties or indemnities. The information in these particulars, including VAT, has been provided by the Joint Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale 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
The property comprises a ground floor betting shop with residential accommodation over first, second and third floors.
Note
This property is being marketed for sale on behalf of Joint Fixed Charge Receivers excluding any title guarantees, warranties or indemnities. The information in these particulars, including VAT, has been provided by the Joint Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale 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.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
Ground
Betting Shop
65.80 sq m
(708.27 sq ft)
WILLIAM HILL ORGANIZATION LTD (1)
15 years from 07/07/2008 on a full repairing and insuring lease
£19,000
07/07/2013 and 07/07/2018 (06/07/2023)
First, Second & Third
Residential
Not Measured
INDIVIDUAL
99 years from 29/09/1984
£50
(28/09/2083)
Totals
65.80 sq m
(708.27 sq ft)
£19,050
(1) William Hill is the UK’s leading bookmaker and one of the most recognised and trusted brands in the gambling industry, providing gaming and betting services across multiple channels: online, on the high street, on the phone and on the move. They have been listed on the London Stock Exchange (WMH.L) since 2002 and employ over 15,000 people (Source: www.williamhillplc.com 29/10/2012)
