0 Bedrooms for sale in London Road, London SE23 | £ 120,000
Overview
| Price: | £ 120,000 |
|---|---|
| Contract type: | For Sale |
| Type: | |
| County: | London |
| Town: | London |
| Postcode: | SE23 |
| Address: | London Road, London SE23 |
| Bathrooms: | 0 |
| Bedrooms: | 0 |
Property Description
Lot 257 - This lot is for sale by auction as lot 257 on Thursday 28th March 2019.
A Leasehold Interest secured over a Building arranged to provide a Ground Floor Restaurant (A3 Use Class) and Seven Bedroom hmo above together with Communal Facilities. Ground Floor Restaurant subject to a licence. Two Rooms each subject to an Assured Shorthold Tenancy. Five Rooms Vacant
Total Current Gross Rent Reserved
£27,960 per annum (equivalent) from restaurant and two rooms with five rooms vacant
Tenure
Leasehold. The property is held on a lease for a term of 10 years from 1st June 2018 (thus having approximately 9 years unexpired) at a rent of £32,000 per annum.
Location
The property is located on the south side of London Road, to the east of its junction with Taymount Rise. Local shops and amenities are available along London Road (A205). Forest Hill Rail Station is close by to the east, providing frequent Overground and Rail services to Central London. Bus routes run along London Road (A205). The South Circular Road (A205) provides access to the A23, A21 and in turn the M25 Motorway. The open spaces of Horniman Gardens are within easy reach.
Description
The property comprises a lease secured upon a building arranged over ground and three upper floors. Internally, the property is arranged to provide a ground floor restaurant and seven letting rooms above.
Accommodation and Tenancies
A schedule of Accommodation and Tenancies is set out opposite.
(1) Restaurant rent review in 2020.(2) Rent is inclusive of bills.
To View
Please email: Evie.Higgs@allsop.Co.Uk
Guide Prices. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted 'subject to contract'. The latest published guide price, or range of prices, are displayed on our website. The latest published guide, or range of prices, will normally be at or above any reserve price. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may fix the final reserve price just before bidding commences. If a guide price is listed as 'tba', it means that there is no guide price at present - please do not call our office. The guide price, or range of prices, will be published online immediately it becomes available at: Please check regularly for updates. Lots may be sold or withdrawn prior to auction.
Property Location
Property Marketed by Allsop LLP
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