Virtual Freehold Retail/Take-away Investment
Virtual Freehold Retail/Take-away 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 take-away arranged on the ground floor only.
VAT is applicable to this lot.
Six Week Completion
Band D
The property comprises a take-away arranged on the ground floor only.
VAT is applicable to this lot.
Six Week Completion
Band D
| Floor | Use | Floor Areas Approx sq m (1) |
Floor Areas Approx sq ft (1) |
Tenant | Term | Rent p.a.x. | Rent Review |
|---|---|---|---|---|---|---|---|
| Ground | Take-Away/Ancillary | 82.97 |
(893) |
PAPA JOHN'S (GB) LIMITED (2) | 15 years from 26/11/2019 (3) | £17,000 |
26/11/2024 and 26/11/2029 |
| Total | 82.97 |
(893) |
£17,000 |
(1) Areas provided by VOA (www.gov.uk/find-business-rates)
(2) For the year ending 26th December 2021, Papa John's (GB) Limited reported a turnover of £102,339,000, a pre-tax profit of £8,103,000 and a net worth of £30,356,000 (www.northrow.com)
(3) The lease is subject to a tenant only option to determine on 26/11/2029.
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.
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