Central London Retail Investment
Central London Retail Investment
Bermondsey benefits from being approximately 1 mile equidistant between Tower Bridge and the City of London and the regenerated fashionable and affluent Surrey Quays.
The property is situated on the south side of South Park Road at the junction of St James Road a forms part of a major newly constructed 5 storey residential building. Nearby occupiers include Tesco, Betfred, Poundland, Iceland and a mix of independent retailers.
Long Leasehold. Held for a term of 250 years from completion of the sale at a fixed peppercorn ground rent.
Bermondsey benefits from being approximately 1 mile equidistant between Tower Bridge and the City of London and the regenerated fashionable and affluent Surrey Quays.
The property is situated on the south side of South Park Road at the junction of St James Road a forms part of a major newly constructed 5 storey residential building. Nearby occupiers include Tesco, Betfred, Poundland, Iceland and a mix of independent retailers.
Long Leasehold. Held for a term of 250 years from completion of the sale at a fixed peppercorn ground rent.
The property comprises ground floor retail accommodation and ancillary accommodation on the lower ground floor. The property forms part or a larger recently developed office/apartment building.
VAT is applicable to this lot.
196a Southwark Park Road is being offered for sale separately as Lot 43
Six week completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises ground floor retail accommodation and ancillary accommodation on the lower ground floor. The property forms part or a larger recently developed office/apartment building.
VAT is applicable to this lot.
196a Southwark Park Road is being offered for sale separately as Lot 43
Six week completion
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) |
Tenant | Term | Rent p.a.x. | Reviews/(Reversion) | |
|---|---|---|---|---|---|---|---|
| Ground Lower Ground |
Retail Ancillary |
35.77 sq m 33.47 sq m |
(385 sq ft) (360 sq ft) |
INDIVIDUAL t/a YoYos |
15 years from 01/07/2020 until 2035 (1) |
£18,000 |
01/07/2023 and 3 yearly (30/06/2035) |
| Total Approximate Floor Area |
69.24 sq m |
(745 sq ft) (2) |
£18,000 |
||||
(1) The lease provides for a mutual option to determine the lease on 30/06/2030 upon serving 6 months notice.
(2) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk)
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.
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