87 & 89 Eltham High Street London SE9 1UN

87 & 89 Eltham High Street
London
SE9 1UN

Freehold Retail Investment

Let to Sportswift Limited (t/a Card Factory) and Harvey & Thompson Limited
Recently renewed leases in 2018 and 2019
Prime High Street location in popular London suburb
Nearby occupiers include Marks & Spencer, Iceland, TK Maxx, Costa Coffee, KFC, Subway, McDonald's, Superdrug, Boots the Chemist and WHSmith
VAT-free London investment

Lot
16
Auction
26th March 2020
Rent
£71,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN

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Freehold Retail Investment

Let to Sportswift Limited (t/a Card Factory) and Harvey & Thompson Limited
Recently renewed leases in 2018 and 2019
Prime High Street location in popular London suburb
Nearby occupiers include Marks & Spencer, Iceland, TK Maxx, Costa Coffee, KFC, Subway, McDonald's, Superdrug, Boots the Chemist and WHSmith
VAT-free London investment

Lot 16
Auction 26th March 2020
Rent £71,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN

Property Information

Location

Miles: 4 miles south-east of Greenwich and Blackheath; 8 miles west of Dartford
Roads: A2, A20, A205
Rail: Eltham Train Station
Air: London City Airport, London Gatwick Airport, London Heathrow 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, 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 and WHSmith. A new Vue Cinema complex at 168-176 High Street has recently opened, 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
Roads: A2, A20, A205
Rail: Eltham Train Station
Air: London City Airport, London Gatwick Airport, London Heathrow Airport

Situation

Tenure

Freehold.

Description

The property comprises two ground floor shops with ancillary accommodation to the rear.

VAT

VAT is not applicable to this lot.

EPC

Band D. See legal pack at acuitus.co.k.

Description

The property comprises two ground floor shops with ancillary accommodation to the rear.

VAT

VAT is not applicable to this lot.

EPC

Band D. See legal pack at acuitus.co.k.

Tenancy & Accommodation

	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
87	Ground	Retail/Ancillary	104.50 sq m	(1,125 sq ft)	SPORTSWIFT LIMITED t/a Card Factory(1)	4 years from 29/09/2019 on a full repairing and insuring lease	£36,000
89	Ground	Retail/Ancillary	102.75 sq m	(1,106 sq ft)	HARVEY & THOMPSON LIMITED (2)	5 years from 11/05/2018 on a full repairing and insuring lease	£35,000
Total			207.25 sq m	(2,231 sq ft)			£71,000

(1) For the year ending 31st January 2019, Sportswift Limited reported a turnover of £417,167,000, pre-tax profits of £66,206,000 and a total net worth of £24,056,000 (source: Experian Group 26/02/2020). Card Factory operates from over 800 stores across the UK (www.cardfactory.co.uk). Please note the lease is excluded from the Security of Tenure provisions of the Landlord & Tenant Act 1954.
(2) For the year ending 31st December 2018, Harvey & Thompson Limited reported a turnover of £143,025,000, pre-tax profits of £13,678,000 and a total net worth of £98,362,000 (source: Experian Group 26/02/2020).
H&T operates from 254 stores across the UK (www.handt.co.uk/stores).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.