Units 5-6 Melbourne Terrace London East Dulwich SE22 8RE

Units 5-6
Melbourne Terrace
London
East Dulwich
SE22 8RE

Affluent South London Suburb Restaurant Investment

Let to an Italian Restaurant (t/a II Mirto) until 2034 (no breaks)
3 Yearly Rent Reviews
Affluent and Attractive South East London suburb
70m From East Dulwich Train Station (Zone 2)
VAT Free Investment
Neighbouring Occupiers include Marks and Spencer, Pret A Manger, Domino's and a mix of Local Retailers

Lot
20
Auction
13th July 2023
Rent
£19,500 per Annum Exclusive
Status
Sold
Price
£225,000
Auction Venue
Live Streamed Auction

Interested?

Expand
Photos
Map

Affluent South London Suburb Restaurant Investment

Let to an Italian Restaurant (t/a II Mirto) until 2034 (no breaks)
3 Yearly Rent Reviews
Affluent and Attractive South East London suburb
70m From East Dulwich Train Station (Zone 2)
VAT Free Investment
Neighbouring Occupiers include Marks and Spencer, Pret A Manger, Domino's and a mix of Local Retailers

Lot 20
Auction 13th July 2023
Rent £19,500 per Annum Exclusive
Status Sold
Price £225,000
Sector
Leisure
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 4 miles south of Central London
Roads: A202, A205, A2216, A2214
Rail: East Dulwich Railway (Zone 2)
Air: London City Airport, London Heathrow

Situation

The property is situated in the affluent South London Suburb of East Dulwich. The immediate locality is a mixed residential and commercial area, with the property located on the west side of Melbourne Grove at its junction with Grove Vale, just 70m away from East Dulwich Zone 2 Railway Station. Neighbouring occupiers include Marks and Spencer, Pret A Manger, Domino's and an eclectic mix of local retailers.

Tenure

Long Leasehold. Held for a term of 999 years from completion at a fixed rent reserved of one peppercorn per annum.

Location

Miles: 4 miles south of Central London
Roads: A202, A205, A2216, A2214
Rail: East Dulwich Railway (Zone 2)
Air: London City Airport, London Heathrow

Situation

Tenure

Long Leasehold. Held for a term of 999 years from completion at a fixed rent reserved of one peppercorn per annum.

Description

The property comprises a ground floor traditional Italian restaurant .

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C

Description

The property comprises a ground floor traditional Italian restaurant .

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m (1)	Floor Areas Approx sq ft (1)	Tenant	Term	Rent p.a.x.	Rent Review (Reversion)
Ground	Restaurant	43.58	(469)	P PERU & V ANGEL (t/a II Mirto) (2)	15 years from 07/06/2019	£19,500	07/06/2025 and 3 yearly (06/06/2034)
Total Approximate Floor Area		43.58	(469)			£19,500

(1) The floor areas stated above are those published by the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/valuations/start/7781324000)
(2) II Mirto is a traditional Italian restaurant providing both eat in and take away options to local residents (www.ilmirto.co.uk). The Seller is holding a rent deposit of £9,500.

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.