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
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.
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.
