Next Auction:

Tuesday, 28th October 2014 (commencing 12pm) - Catalogue now online
Auction Venue:
Radisson Blu Portman Hotel, 22 Portman Square, London W1H 7BG




 

Auction Result: £275,000

There is an addendum on this lot - please click here to view details

17
LOT
318 High Street, Lewisham,
London SE13 6JZ
Reserve Below
£175,000
6 WEEK COMPLETION
IN THE SAME OWNERSHIP FOR OVER 20 YEARS
SITUATION
Occupying a prominent trading position close to the junction
with Ladywell Road, opposite Ladywell Leisure Centre and
close to such occupiers as Ladbrokes , Rileys and Hss Hire
Shop .
Lewisham is a densely populated suburb which lies some 4
miles south-east of Central London with good access via the
A20 and A21.
ACCOMMODATION
Ground Floor Restaurant
Gross Frontage
16'10"
Internal Width
10'5" widening to 12'7"
Restaurant Depth
29'6"
Built Depth
70'4"
Restaurant Area
Approx 370 sq ft
Kitchen/Prep Area
Approx 320 sq ft
2 WC’s
External Store Area Approx 235 sq ft
Basement Storage Area Approx 80 sq ft
First Floor – 2 Bedrooms, Shower/WC, Sep Shower
Second Floor – 2 Bedrooms, Kitchen
Third Floor – 2 Bedrooms
PROPERTY
An attractive terraced property of brick construction
comprising a Ground Floor Restaurant/Take-Away with
Basement Storage plus internal and separate front access
to Residential Accommodation on 3 upper floors.
VAT is NOT payable in respect of this Lot
TENANCY
The entire property is let on a full repairing and insuring lease
to Mr X Chen as a Chinese Restaurant & Take-Away for a
term of 20 years from 23rd April 2007 at a current rent of
£17,000 per annum exclusive rising to £18,000 p.a. on the
23rd April 2014.
FREEHOLD
£17,000 per annum
rising to £18,000 p.a.
in 2014
Rent Reviews 2017 & 2022
Note: The Residential upper part is currently occupied by
staff.
VENDOR’S SOLICITORS
Goodman Derrick LLP – Tel: 020 7404 0606
Ref: A. Barker Esq – Email: abarker@gdlaw.co.uk
The Surveyors dealing with this property are
JONATHAN ROSS and MATTHEW BERGER
FOR LEGAL DOCUMENTS, PLEASE REFER TO PAGE 4 OF THIS CATALOGUE
The successful Buyer will be liable to pay the Auctioneers an administration
fee of £275 (including VAT) upon exchange of contracts
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