Virtual Freehold Retail Investment
Virtual Freehold Retail Investment
The property is located in a prime location on the western side of Well Hall Road (A208), less than half a mile from Eltham Station. The property is situated in an established, local retail parade on Odeon Parade. Nearby occupiers include Tesco Express, Domino's, William Hill and Energie Fitness.
Virtual Freehold. Held for a term of 999 years less three days from 27/06/2012 at a fixed peppercorn ground rent.
The property is located in a prime location on the western side of Well Hall Road (A208), less than half a mile from Eltham Station. The property is situated in an established, local retail parade on Odeon Parade. Nearby occupiers include Tesco Express, Domino's, William Hill and Energie Fitness.
Virtual Freehold. Held for a term of 999 years less three days from 27/06/2012 at a fixed peppercorn ground rent.
The property comprises a shop/take-away arranged on the ground floor only.
VAT is applicable to this lot.
Six Week Completion
Band B
The property comprises a shop/take-away arranged on the ground floor only.
VAT is applicable to this lot.
Six Week Completion
Band B
| Floor | Use | Floor Areas Approx sq m (1) |
Floor Areas Approx sq ft (1) |
Tenant | Term | Rent p.a.x. |
|---|---|---|---|---|---|---|
| Ground | Take-Away/Ancillary | 83.01 |
(894) |
JJ & TEAM LIMITED (t/a Pizza Hut Delivery) (2) | 10 years from 15/07/2013 (3) | £16,000 |
| Total | 83.01 |
(894) |
£16,000 |
(1) Areas provided by VOA (www.tax.service.gov.uk/business-rates)
(2) For the year ending 31st December 2021, JJ & Team Limited reported a turnover of £21,712,569, a pre-tax profit of £2,181,620 and a net worth of £1,426,516 (www.northrow.com).
(3) A new lease has been agreed with the existing tenant at a new rent of £17,500 p.a.x. and it is intended that the new lease will be completed prior to the auction. A copy of the revised draft lease is included in the legal pack.
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.
By clicking the Submit button I confirm that I would like to get updates on this Property. Please email me updates when they are published.
If you have a query, please fill in the box below, otherwise click the Submit button.
We will keep you updated about lot xthis property.
In the meantime, if you would like to speak to the Surveyor about this property, please call on .
Are you sure you want to remove this property from your Watch List?
Are you sure you are no longer interested in this property?
Are you sure you want to delete your Account?
-128x72.jpg)
.jpg){kind=link}