*Guide | £55,000+ (plus fees)
- Commercial Property
- Tenure: Leasehold. The property is held on a 99 year lease from 2nd March 1937 (thus approximately 9 years unexpired).
Call the team on 020 7625 9007 for more information
A Commercial Unit Within a Petrol Filling Station Fully Let to Malthurst Limited t/a Londis Producing £17,500 Per Annum (Reflecting a Gross Initial Yield of 31%)
The property comprises a ground floor commercial unit within a petrol filling station fore court.
Tenure
Leasehold. The property is held on a 99 year lease from 2nd March 1937 (thus approximately 9 years unexpired).
Location
The property is situated on a mixed use road close to local shops and amenities. The open spaces of Well Hall Pleasaunce are within easy reach. Transport links are provided by Eltham Station rail station.
Accommodation
Ground Floor Shop Area
Tenancy
The property is let to Malthurst Limited t/a Londis at a rent of £17,500 per annum.
Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,800 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
