Units 1-3 Melbourne Terrace London East Dulwich SE22 8RE

Units 1-3
Melbourne Terrace
London
East Dulwich
SE22 8RE

Affluent South London Suburb Leisure Investment

Let to Hayley's Wine Limited t/a Drop Wine until 2037 (no breaks)
New Lease for 15 Years with 5 Yearly Rent Reviews
70m From East Dulwich Train Station
Affluent and Attractive South East London suburb
VAT Free Investment
Neighbouring Occupiers include Marks and Spencer, Pret A Manger, Domino's and a Mix of Local Retailers

Lot
23
Auction
13th July 2023
Rent
£30,000 per Annum Exclusive
Status
Sold
Price
£380,000
Auction Venue
Live Streamed Auction

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Affluent South London Suburb Leisure Investment

Let to Hayley's Wine Limited t/a Drop Wine until 2037 (no breaks)
New Lease for 15 Years with 5 Yearly Rent Reviews
70m From East Dulwich Train Station
Affluent and Attractive South East London suburb
VAT Free Investment
Neighbouring Occupiers include Marks and Spencer, Pret A Manger, Domino's and a Mix of Local Retailers

Lot 23
Auction 13th July 2023
Rent £30,000 per Annum Exclusive
Status Sold
Price £380,000
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 newly fitted and refurbished boutique wine bar on the ground floor.

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

Band C

Description

The property comprises a newly fitted and refurbished boutique wine bar on the ground floor.

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
Ground	Leisure	56.16	(605)	HAYLEY'S WINE LIMITED (crn: 13977696) t/a Drop Wine (2)	15 years from 04/07/2022	£30,000	04/07/2027 and 5 yearly thereafter (03/07/2037)
Total Approximate Floor Area		56.16	(605)			£30,000

(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) Hayley's Wine Limited (crn: 13977696) is a boutique wine and tapas bar offering high quality wines and food. For more information see https://dropwine.co.uk/drop-dulwich. The Seller is holding a rent deposit of £15,000.

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.