Nearby occupiers include Tesco Express, Domino's, William Hill and Energie Fitness
Lot 4
Auction 13th July 2023
Rent £14,000 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
4 miles south-east of Greenwich, 9 miles south-east of Central London
Roads
A2, A20, A205, A208
Rail
Eltham Train Station
Air
London City Airport, London Gatwick Airport, London Heathrow Airport
Situation
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.
Tenure
Virtual Freehold. Held for a term of 999 years less three days from 27/06/2012 at a fixed peppercorn ground rent.
Location
Miles
4 miles south-east of Greenwich, 9 miles south-east of Central London
Roads
A2, A20, A205, A208
Rail
Eltham Train Station
Air
London City Airport, London Gatwick Airport, London Heathrow Airport
Situation
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.
Tenure
Virtual Freehold. Held for a term of 999 years less three days from 27/06/2012 at a fixed peppercorn ground rent.
Description
The property comprises a betting office arranged on the ground floor only.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band D
Description
The property comprises a betting office arranged on the ground floor only.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band D
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
Ground
Betting Office/Ancillary
82.19
(885)
DONE BROTHERS (CASH BETTING) LIMITED (2)
10 years from 08/01/2015
£14,000
Total
82.19
(885)
£14,000
(1) Areas provided by VOA (www.gov.uk/find-business-rates) (2) For the year ending 26th September 2021, Done Brothers (Cash Betting) Limited reported a turnover of £244,150,000 and a net worth of £114,809,000 (www.northrow.com).
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.
