East Street is a popular and bustling street, in the London Borough of Southwark, running between Walworth Road and Old Kent Road. The property is located on the north side of East Street, in a highly prominent position at the entrance to East Street Market. East Street Market is one of London's oldest, largest and busiest markets and offers a wide a variety of goods, from fresh fruit and vegetables to African clothing and materials. Nearby occupiers include Morrisons, JD Sports, Greggs, Costa and various independent shops, cafe's and restaurants.
Tenure
Long Leasehold. 999 years from completion of the sale at a peppercorn rent.
East Street is a popular and bustling street, in the London Borough of Southwark, running between Walworth Road and Old Kent Road. The property is located on the north side of East Street, in a highly prominent position at the entrance to East Street Market. East Street Market is one of London's oldest, largest and busiest markets and offers a wide a variety of goods, from fresh fruit and vegetables to African clothing and materials. Nearby occupiers include Morrisons, JD Sports, Greggs, Costa and various independent shops, cafe's and restaurants.
Tenure
Long Leasehold. 999 years from completion of the sale at a peppercorn rent.
Description
The property comprises a ground floor shop, forming part only of a larger building, not included within the sale.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
D. See legal pack at www.acuitus.co.uk.
Description
The property comprises a ground floor shop, forming part only of a larger building, not included within the sale.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
D. See legal pack at www.acuitus.co.uk.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground
Retail
78.97 sq m
(850 sq ft)
M. ASIF & R. VAHORA
20 years from 21/08/2020 until 21/08/2040 (1)
£40,000
21/08/2030
Total
78.97 sq m
(850 sq ft)
£40,000
(1) The lease is subject to a tenant option to determine on 21/08/2030.
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.
