9 & 19 Passey Place Eltham London SE9 5DA

  • 9 & 19 Passey Place<br>Eltham<br>London<br>SE9 5DA

9 & 19 Passey Place
Eltham
London
SE9 5DA

Freehold Retail and Residential Investment

  • Entirely let to tenant trading as Simon Marks Jewellers – includes maisonette above
  • Tenant in occupation for about 20 years
  • Important Rent Review in May 2018
  • Excellent town centre location close to Marks & Spencer, Costa, Debenhams, Lidl and Boots the Chemist
  • VAT-free investment in popular South East London suburb
  • Lot
    1
  • Auction
    19th October 2017
  • Rent
    £20,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £400,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Retail and Residential Investment

  • Entirely let to tenant trading as Simon Marks Jewellers – includes maisonette above
  • Tenant in occupation for about 20 years
  • Important Rent Review in May 2018
  • Excellent town centre location close to Marks & Spencer, Costa, Debenhams, Lidl and Boots the Chemist
  • VAT-free investment in popular South East London suburb
  • Lot 1
  • Auction 19th October 2017
  • Rent £20,000 per Annum Exclusive
  • Status Sold
  • Price £400,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
8 miles south-east of Central London
Roads
A2, A20, A205 (South Circular)
Rail
Eltham Railway Station (28 minutes to Charing Cross)
Air
London City Airport
Situation

Eltham is a popular suburb of London, located in the Royal Borough of Greenwich, benefiting from excellent road and rail communications. The property is located on the eastern side of Passey Place, which connects directly to Eltham High Street, the principal retail thoroughfare in Eltham. Nearby occupiers include Marks & Spencer, Debenhams, Costa, Boots the Chemist, Lidl, Iceland and WH Smith. Eltham Station is located about 1/2 mile away and the town is served by numerous bus routes.

Tenure

Freehold.

Location
Miles
8 miles south-east of Central London
Roads
A2, A20, A205 (South Circular)
Rail
Eltham Railway Station (28 minutes to Charing Cross)
Air
London City Airport
Situation

Eltham is a popular suburb of London, located in the Royal Borough of Greenwich, benefiting from excellent road and rail communications. The property is located on the eastern side of Passey Place, which connects directly to Eltham High Street, the principal retail thoroughfare in Eltham. Nearby occupiers include Marks & Spencer, Debenhams, Costa, Boots the Chemist, Lidl, Iceland and WH Smith. Eltham Station is located about 1/2 mile away and the town is served by numerous bus routes.

Tenure

Freehold.

Description

The property comprises a ground floor shop with a separately accessed three room maisonette on the first and second floors. The property benefits from a garage to the rear.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises a ground floor shop with a separately accessed three room maisonette on the first and second floors. The property benefits from a garage to the rear.

VAT

VAT is not applicable to this lot.

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 Review
Ground
First/Second


Ground		 Retail/Ancillary
Residential (sublet) -
Three Rooms,
Kitchen, WC
Garage
59.91 sq m
-


-
(645 sq ft)
(-)


(-)
 S CALLOW
t/a Simon Marks
Jewellers (1)		 15 years from
05/05/2008 until
04/05/2023 on a
full repairing and
insuring lease		 £20,000 05/05/2018
Totals
59.91 sq m
(645 sq ft)
     £20,000  

(1) Simon Marks Jewellers sell bespoke jewellery and offer jewellery and watch repair services on site (Source: www.simonmarksjewellery.co.uk 07/08/2017). The tenant sublets the maisonette.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
DWF LLP Great North House, Sandyford Road
Newcastle upon Tyne
Tyne and Wear
NE1 8ND
Oliver Lovett 0191 233 9753oliver.lovett@dwf.law

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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