Ground and basement let to Betting Shop Operations Limited until 2028 guaranteed by Betting Shops Services Limited
Prominent pedestrianised High Street location
Nearby occupiers include Peacocks, Tesco Express, Londis and William Hill
Six Week Completion Period Available
Lot 7
Auction 23rd February 2012
Rent £55,000 per Annum Exclusive
Status Sold
Price £490,000
Sector High Street Retail
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
On the instructions of J Pitt and B Moon acting as Joint Fixed Charge Receivers
Property Information
Location
Miles
1.7 miles west of Greenwich, 5.8 miles south-east of Central London
Roads
A2209, A2, A206,
Rail
Deptford Railway Station (6 minutes to London Bridge, , 10 minutes to London Cannon Street), Deptford Bridge DLR (11 minutes to Canary Wharf)
Air
London City Airport
Situation
The property is situated in a prominent location on the eastern side of the pedestrianised High Street. Nearby occupiers include Peacocks, Tesco Express, Londis and William Hill.
Tenure
Virtual Freehold. Held for a term of 999 years from 4th January 2007 until 3rd January 3006 at a peppercorn rent.
Location
Miles
1.7 miles west of Greenwich, 5.8 miles south-east of Central London
Roads
A2209, A2, A206,
Rail
Deptford Railway Station (6 minutes to London Bridge, , 10 minutes to London Cannon Street), Deptford Bridge DLR (11 minutes to Canary Wharf)
Air
London City Airport
Situation
The property is situated in a prominent location on the eastern side of the pedestrianised High Street. Nearby occupiers include Peacocks, Tesco Express, Londis and William Hill.
Tenure
Virtual Freehold. Held for a term of 999 years from 4th January 2007 until 3rd January 3006 at a peppercorn rent.
Description
The property comprises a ground floor retail unit with basement ancillary accommodation, accessed via a hatch.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including any in relation to the VAT, can be given. The Law of Property Act Receivers are not bound to accept the highest or any offer and are acting without personal liability.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit with basement ancillary accommodation, accessed via a hatch.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including any in relation to the VAT, can be given. The Law of Property Act Receivers are not bound to accept the highest or any offer and are acting without personal liability.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
20 years from 21/07/2008 until 20/07/2028 on a full repairing and insuring lease
£55,000
21/07/2013
Totals
212.31 sq m
(2,285 sq ft)
£55,000
1) Launched in 2005, BetterBet offers a full betting service including high street shops and a free phone call centre. In December 2009, BetterBet merged with the country’s oldest established independent bookmaker JenningsBet and now has over 70 high street shops. (Source: www.betterbet.com 27/01/2012)
Contacts
Seller's Solicitors
Berwin Leighton Paisner LLP Adelaide House, London Bridge London EC4R 9HA
