The Ninth Life, 167 Rushey Green Catford London SE6 4BD

The Ninth Life, 167 Rushey Green
Catford
London
SE6 4BD

Substantial London Freehold Public House Investment

Over 12,000 sq ft including large rear trade garden
Strategic and prominent town centre location 400m from both Catford and Catford Bridge Railway Stations
Entirely let to Zelgrain Limited with guarantee from The Laine Pub Company Limited
Lease expires April 2038 (no breaks)
Future residential redevelopment potential (subject to lease and consents)
Low capital value on Guide Price (circa £200 psf)
Located close to Tesco Superstore, Iceland, Lidl, Superdrug, Costa Coffee, McDonald's, KFC, Greggs and JD Sports

Lot
9
Auction
18th May 2023
Rent
£150,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction
On Behalf of a Real Estate Investment Trust

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Substantial London Freehold Public House Investment

Over 12,000 sq ft including large rear trade garden
Strategic and prominent town centre location 400m from both Catford and Catford Bridge Railway Stations
Entirely let to Zelgrain Limited with guarantee from The Laine Pub Company Limited
Lease expires April 2038 (no breaks)
Future residential redevelopment potential (subject to lease and consents)
Low capital value on Guide Price (circa £200 psf)
Located close to Tesco Superstore, Iceland, Lidl, Superdrug, Costa Coffee, McDonald's, KFC, Greggs and JD Sports

Lot 9
Auction 18th May 2023
Rent £150,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Public House
Auction Venue
Live Streamed Auction
On Behalf of a Real Estate Investment Trust

Property Information

Location

Miles: 5 miles south-east of Brixton, 8 miles south-east of Central London
Roads: A2, A20, A21, A205, M25
Rail: Honor Oak Park Tube Station, Catford and Catford Bridge Train Stations
Air: London City Airport, London Heathrow Airport

Situation

Catford is a district in south-east London that boasts excellent communication links via the A2 and A205, as well as being close to Central London via Honor Oak Park Tube Station (30 minutes) and Catford/Catford Bridge Train Stations. The property is prominently situated on Rushey Green, opposite The Broadway Theatre and Town Hall. Nearby retailers include a Tesco Superstore, Iceland, Lidl, Superdrug, Costa Coffee, McDonald's, KFC, Greggs and JD Sports.

Tenure

Freehold.

Location

Miles: 5 miles south-east of Brixton, 8 miles south-east of Central London
Roads: A2, A20, A21, A205, M25
Rail: Honor Oak Park Tube Station, Catford and Catford Bridge Train Stations
Air: London City Airport, London Heathrow Airport

Situation

Tenure

Freehold.

Description

The property, which was substantially refurbished by the tenant in 2018 comprises a large public house arranged on the ground, basement, first & second floors. The ground floor comprises a large pub & trading area with ancillary accommodation, including a trade patio & rear garden. The property also benefits from a basement cellar and a first floor with a function room and ancillary accommodation. The second floor comprises part residential accommodation for the Manager (two rooms, kitchen, bathroom, wc), along with further ancillary accommodation.

VAT

VAT is applicable to this lot.

Note

The property may be suitable for future residential redevelopment, subject to the usual consents. The property is not situated in a conservation area and is not listed. The property has NOT been listed by the London Borough of Lewisham as an Asset of Community Value.

Completion Period

Six Week Completion

EPC

Band C

Description

VAT

VAT is applicable to this lot.

Note

Completion Period

Six Week Completion

EPC

Band C

Tenancy & Accommodation

Floor	Use	Gross Internal Floor Areas Approx sq m	Gross Internal Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Rent Reviews
Ground Ground Basement First Second	Pub/Ancillary Outbuildings Pub/Ancillary Residential/Ancillary Residential/Ancillary	405.99 185.81 146.04 232.91 154.50	(4,370) (2,000) (1,572) (2,507) (1,663)	ZELGRAIN LIMITED (t/a Ninth Life) (1) with a guarantee from THE LAINE PUB COMPANY LIMITED	20 years from 04/04/2018 on a full repairing and insuring lease (2)	£150,000	04/04/2023 (outstanding), 04/04/2028 and 04/04/2033
Total		1,125.25	(12,112)			£150,000

(1) The tenant trades from over 60 pubs across the UK including London locations such as Wimbledon, Camden Town, Mill Hill, Battersea, Hammersmith (www.laine.co.uk).
(2) The lease is subject to a Schedule of Condition

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.