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Withdrawn | Lot 49

160 Norwood Road, Tulse Hill, London, SE27 9AZ

Withdrawn

  • Restaurant
  • Tenure: Leasehold. The property is held on a 125 year lease from 22nd November 2007 (thus approximately 113 years unexpired)

Call the team on 020 7625 9007 for more information

Auction Date

Wed 25/03/2020

Auction Time

12:00

Auction Venue

Live Stream Only

A Commercial Investment Producing £13,000 per annum

The property comprises a ground floor takeaway restaurant (A5 use) with a lower ground floor office situated within an end of terrace building arranged over lower ground, ground and three upper floors.

Tenure

Leasehold. The property is held on a 125 year lease from 22nd November 2007 (thus approximately 113 years unexpired)

Location

The property is situated in the South East London area of Tulse Hill amongst the shops and amenities of Norwood Road. Nearby multiples include The Co-operative Food, Ladbrokes and numerous local established traders. Transport links are provided by Tulse Hill rail station.

Accommodation

Ground Floor Shop Area (A5 Use) Kitchen G.I.A = 34.90 sq m (376 sq ft) Lower Ground Floor Office Rooms Separate WC G.I.A = 21.66 sq m (233 sq ft)

Tenancy

The property is let on an FRI Lease for a term of 20 years commencing 26th November 2007 (no break clause) at a rent of £3,250 quarterly. 5 yearly reviews.

Current Rent Reserved

Current Rent Reserved £13,000 per annum

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,200 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.