For Sale By Auction | 12.00, 17 September 2019 | Lot 43

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

*Guide | £135,000+ (plus fees)

  • Restaurant
  • Tenure: Leasehold. The property is held on a 125 year lease from 22nd November 2007 (thus approximately 113 years unexpired) with a Ground Rent of £400 per annum.

Call the team on 020 7625 9007 for more information

Auction Date

Tue 17/09/2019

Auction Time

12.00

Auction Venue

London Marriott Hotel Regents Park, 128 King Henry’s Road, London, NW3 3ST

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) with a Ground Rent of £400 per annum.

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 £900 inc VAT

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