93 / 95 High Street and Clifton Cottages
Eltham
London
SE9 1TD

Prime Freehold Retail and Residential Investment

Fully let investment comprising two shops, five flats and rear storage land in Eltham town centre
Shops trading as Boots Opticians and Wimpy (by way of recent lease renewals)
10 year lease renewal (subject to option) from February 2019 to Boots Opticians
20 year lease renewal (no breaks) from December 2018 to tenant trading as Wimpy
Separately let rear storage area (with development potential, subject to planning)
Five flats (2 x one bedroom, 1 x 2 bedroom and 2 x 3 bedroom) above and to the rear, all let on ASTs
Potential advertising opportunity on flank wall (subject to consents)
Nearby occupiers include Marks & Spencer, Iceland, TK Maxx, Costa Coffee, KFC, Subway, McDonald’s, Superdrug, Boots the Chemist and WHSmith

Lot
9
Auction
4th April 2019
Rent
£138,020 per Annum Exclusive
Status
Sold
Price
£1,900,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Important Update Interested?

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Property Information

Location

Miles: 4 miles south-east of Greenwich and Blackheath; 8 miles west of Dartford; 10 miles south-east of Central London
Roads: A2, A20, A205
Rail: Eltham Train Station
Air: London City Airport

Situation

Eltham is a popular suburb of South East London within the Royal Borough of Greenwich, 10 miles south-east of Central London. The property is located in a prime location on the northern side of Eltham High Street, opposite Passey Place, less than half a mile from Eltham Station. Nearby occupiers include Marks & Spencer, Iceland, TK Maxx, Costa Coffee, KFC, Subway, McDonald’s, Superdrug, Boots the Chemist, WHSmith and various banks. A new Vue Cinema complex at 168-176 High Street is due to open imminently, to include a Pizza Express and a Nando's.

Tenure

Freehold.

Location

Miles: 4 miles south-east of Greenwich and Blackheath; 8 miles west of Dartford; 10 miles south-east of Central London
Roads: A2, A20, A205
Rail: Eltham Train Station
Air: London City Airport

Situation

Tenure

Freehold.

Description

The property comprises two shops arranged on the ground and second floors with a self-contained maisonette arranged on the first floor. To the rear of the property, there is a large yard for storage and four flats, known as Clifton Cottages.

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.

Unit	Floor	Use	Floor Areas (Approx)	Tenant	Term	Rent p.a.x	Reviews
93	Ground	Retail/Ancillary	71.99 sq m	(775 sq ft)	BOOTS OPTICIANS PROFESSIONAL SERVICES LIMITED (1)	10 years from 04/02/2019 until 03/02/2029 (2)	£23,500	04/02/2024
95/95a	Ground Second	Retail Ancillary	107.20 sq m 81.29 sq m	(1,154 sq ft) (875 sq ft)	INDIVIDUALS t/a Wimpy	20 years from 25/12/2018 until 24/12/2038	£50,000	25/12/2023 and 5 yearly thereafter
95b	First	Residential	3 bedroom flat		INDIVIDUAL	AST from 27/09/2018	£12,000
	Yard	Storage Land	339.15 sq m	(3,651 sq ft)	AXIS DUCTWORK LIMITED (3)	10 years from 29/06/2018 until 28/06/2028 (4)	£7,800 (5)	28/06/2023 (5)
Flat 1, Clifton Cottages	Rear	Residential	2 bedroom flat		INDIVIDUALS	AST from 27/08/2018	£12,840
Flat 2, Clifton Cottages	Rear	Residential	1 bedroom flat		INDIVIDUAL	AST from 19/11/2018	£9,840
Flat 3, Clifton Cottages	Rear	Residential	1 bedroom flat		INDIVIDUALS	AST from 23/08/2018	£8,520
Flat 4, Clifton Cottages	Rear	Residential	3 bedroom flat		INDIVIDUALS	AST from 04/03/2019	£13,520
Total Commercial Area	599.67 sq m	(6,455 sq ft)			£138,020

Unit

Floor

Use

Floor Areas (Approx)

Tenant

Term

Rent p.a.x

Reviews

Ground

Retail/Ancillary

71.99 sq m

(775 sq ft)