14-15 Stratheden Parade Old Dover Road Blackheath London SE3 7SY

14-15 Stratheden Parade
Old Dover Road
Blackheath
London
SE3 7SY

Freehold Bank & Residential Ground Rent Investment

Bank let to National Westminster Bank Plc until June 2025
Includes 4 flats let on long leases
Nearby occupiers include Marks & Spencer Food Hall, Post Office and a number of local traders.
VAT-free Investment
Popular South London Suburb

Lot
8
Auction
3rd November 2022
Rent
£38,400 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Live Streamed Auction

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Freehold Bank & Residential Ground Rent Investment

Bank let to National Westminster Bank Plc until June 2025
Includes 4 flats let on long leases
Nearby occupiers include Marks & Spencer Food Hall, Post Office and a number of local traders.
VAT-free Investment
Popular South London Suburb

Lot 8
Auction 3rd November 2022
Rent £38,400 per Annum Exclusive
Status Sold Post
Price
Sector
Bank
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 7 miles south east of Central London
Roads: A102, A2, B210, B211
Rail: Westcombe Park Station, Blackheath Station
Air: London City Airport

Situation

Blackheath is an attractive, popular and busy London suburb located 7 miles south east of Central London. The property is situated fronting Old Dover Road on Stratheden Parade, a small retail parade. Nearby retailers include Marks & Spencer Food Hall, Post Office and a number of local traders.

Tenure

Freehold.

Location

Miles: 7 miles south east of Central London
Roads: A102, A2, B210, B211
Rail: Westcombe Park Station, Blackheath Station
Air: London City Airport

Situation

Tenure

Freehold.

Description

The property comprises a banking hall arranged on the ground floor only, forming part of a larger branch. The property also comprises four self contained flats arranged on the first & second floors, all let on long leases.

VAT

VAT is not applicable to this lot.

Note

Please note the buyer will pay 1% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.

Completion Period

6 week completion

EPC

See legal pack.

Description

VAT

VAT is not applicable to this lot.

Note

Please note the buyer will pay 1% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.

Completion Period

6 week completion

EPC

See legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.
Ground	Banking Hall/Ancillary	261.98	(2,820)	NATIONAL WESTMINSTER BANK PLC (1)	20 years from 10/06/2005	£38,000
Flat 14A (First)	Residential	-	(-)	INDIVIDUAL	125 years from 26/08/2003	£100
Flat 15A (First)	Residential	-	(-)	INDIVIDUAL	125 years from 26/08/2003	£100
Flat 14B (Second)	Residential	-	(-)	A COMPANY	125 years from 26/08/2003	£100
Flat 15B (Second)	Residential	-	(-)	A COMPANY	125 years from 26/08/2003	£100
Total Commercial Area		261.98	(2,820)			£38,400

(1) For the year ending 31st December 2021, National Westminster Bank Plc reported a turnover of £12,785,000,000, a pre-tax profit of £4,032,000,000 and shareholder funds of £41,796,000,000 (Source: www.northrow.com). Please note that the tenant is not currently in occupation.

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.