Let to Mieszko Food City Limited until 2032 (no breaks)
Tenants operates 9 Supermarkets across London, Watford, Swindon, and Gravesend.
Significant Retail Frontage to Busy A23
Approximately 525.46 sq m (5,656 sq ft)
Popular South-West London Suburb
Neighbouring Occupiers include Tesco, Nando's, Poundland, PureGym, Virgin Active, ODEON and an Eclectic Mix of Local Retailers
Lot 17
Auction 25th September 2024
Rent £118,500 per Annum Exclusive
Status Available
Guide* £1,250,000 - £1,350,000
Sector Supermarket
Auction Venue Live Streamed Auction
Property Information
Location
Miles
2 miles south of Brixton, 3 miles south-west of Dulwich Village, 10 miles south-west of Central London
Roads
A23 (Streatham High Road), South Circular Road
Rail
Streatham Hill Station, Balham and Tooting Bec Underground Stations
Air
London Heathrow & London Gatwick Airports
Situation
Streatham is a busy residential suburb in south-west London, approximately 5 miles from central London. The property is prominently situated on the northern side of Streatham High Road, approximately 150m from Streatham Hill Railway Station. Neighbouring occupiers include Tesco, Nando's, Poundland, PureGym, Virgin Active, ODEON and an eclectic mix of local retailers.
Tenure
Long Leasehold. For for a term of 250 years from 01/01/2015 at a current rent reserved of £300 per annum exclusive.
Location
Miles
2 miles south of Brixton, 3 miles south-west of Dulwich Village, 10 miles south-west of Central London
Roads
A23 (Streatham High Road), South Circular Road
Rail
Streatham Hill Station, Balham and Tooting Bec Underground Stations
Air
London Heathrow & London Gatwick Airports
Situation
Streatham is a busy residential suburb in south-west London, approximately 5 miles from central London. The property is prominently situated on the northern side of Streatham High Road, approximately 150m from Streatham Hill Railway Station. Neighbouring occupiers include Tesco, Nando's, Poundland, PureGym, Virgin Active, ODEON and an eclectic mix of local retailers.
Tenure
Long Leasehold. For for a term of 250 years from 01/01/2015 at a current rent reserved of £300 per annum exclusive.
Description
The property comprises a substantial ground floor supermarket and benefits from significant retail frontage to Streatham High Road.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a substantial ground floor supermarket and benefits from significant retail frontage to Streatham High Road.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
Reversion
Ground
Supermarket
525.46
(5,656)
MIESZKO FOOD CITY LIMITED (CRN: 07963809) (2)
15 years from 02/02/2017
£118,500
01/02/2032
Total Approximate Floor Area
525.46
(5,656)
£118,500
(1) The above floor areas have been taken from the Valuation Office Agency (https://www.gov.uk/find-business-rates) (2) Mieszko Food City Limited (CRN: 07963809) were incorporated in 2012 and currently operate from 9 stores, mainly across Greater London (www.mieszko.co.uk)
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.
