Freehold Restaurant/Residential Investment in Affluent London Suburb
Let until November 2026
Prominent High Street Location
Six Week Completion Available
Nearby occupiers include Marks & Spencer, Lloyds Pharmacy, Blockbuster, William Hill and Starbucks
Lot 2
Auction 18th October 2012
Rent £28,000 per Annum Exclusive
Status Sold
Price £434,000
Sector Restaurant
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
On behalf of Joint Fixed Charge Receivers
Property Information
Location
Miles
4 miles east of Croydon, 12 miles south of Central London
Roads
A214, A232
Rail
West Wickham Rail Station (35 minutes to London Charing Cross)
Air
London City Airport
Situation
The property is situated in a prominent location on the southern side of High Street. Nearby occupiers include Marks & Spencer, Lloyds Pharmacy, Blockbuster, William Hill and Starbucks.
Tenure
Freehold.
Location
Miles
4 miles east of Croydon, 12 miles south of Central London
Roads
A214, A232
Rail
West Wickham Rail Station (35 minutes to London Charing Cross)
Air
London City Airport
Situation
The property is situated in a prominent location on the southern side of High Street. Nearby occupiers include Marks & Spencer, Lloyds Pharmacy, Blockbuster, William Hill and Starbucks.
Tenure
Freehold.
Description
The property comprises a ground floor restaurant, kitchen and ancillary areas, and a self-contained four roomed residential flat over first and second floors, accessed via a staircase to the rear of the property.
Note
This property is being marketed for sale on behalf of Joint Fixed Charge Receivers excluding any title guarantees, warranties or indemnities. The information in these particulars has been provided by the Joint Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor restaurant, kitchen and ancillary areas, and a self-contained four roomed residential flat over first and second floors, accessed via a staircase to the rear of the property.
Note
This property is being marketed for sale on behalf of Joint Fixed Charge Receivers excluding any title guarantees, warranties or indemnities. The information in these particulars has been provided by the Joint Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground
First/Second
Restaurant Ancillary
Residential – Four Rooms & Bathroom
108 sq m 35 sq m
Not
(1,160 sq ft) (380 sq ft)
Measured
INDIVIDUALT/A BLUEBENGALRESTAURANT(1) (2)
21 years from 20/11/2005 until 20/11/2026 on a full repairing and insuring lease
£28,000
21/11/2014 and 4 yearly thereafter
Totals
143 sq m
(1,540 sq ft)
£28,000
(1) Blue Bengal Restaurant offers award winning Indian cuisine (Source: www.bluebengalrestaurant.co.uk) (2)The receivers understand that the upper floors may have been informally sub-let to employees of the tenant
