Auction House London

Lot 26

 

Ground Floor, 172-176 Norwood Road

Tulse Hill, London, SE27 9AZ

Sold for £301,000.

A Virtual Freehold Prominent Commercial Investment Producing £27,750 per annum

Description

The property comprises a substantial ground floor corner retail unit with A2 use across three intercommunicating buildings.

Tenure

Virtual Freehold. The property will be held on a new 999 year head lease

Location

The property is situated within a popular parade occupying a prominent corner position opposite Tulse Hill rail station. Nearby multiples include Co-op and Post Office.

Tenancy

The property is let to Ladbrokes Betting and Gaming Ltd* on an FRI Lease for a term of 10 years and 3 months commencing on 4th April 2006 at a rent of £25,750 per annum

Third Column

*Turnover for year end Dec 2013 was £1.118bn. Operating Profit of £67.6m (source: duedil)

Viewing Details

No accompanied viewings required

Accommodation Schedule

1 2
Ground Floor Shop
Gross Frontage 37'2"
Net Frontage 35'9"
Shop Depth 38'9"
Built Depth 44'1"
Three WC's
Area Approx. 1,425 sq ft

Additional Fees

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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Enquire about Ground Floor, 172-176 Norwood Road, Tulse Hill, London, SE27 9AZ

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