Lot

54

160 Norwood Road, Tulse Hill, SE27 9AZ

Bidding Closed

SOLD FOR

£135,000

Property Enquiries

Rob Hills

rob.hills@bidx1.com
+44 (0)20 3929 8402

Viewing Registration / Enquiries

BidX1 Support Team

info@uk.bidx1.com
+44 (0) 20 7703 4401

Vendor Lawyer

Birshen Aktan

b.aktan@hugh-jones.co.uk
020 8346 2236

Description

Map

Viewings


Property Summary
  • Long leasehold retail investment
  • Let until 2027 (no breaks)
  • A5 unit
  • Busy South London parade
  • Producing £13,000 per annum (net rent of £12,600 per annum)
Tenure

Long leasehold for a term of 125 years from 22/11/2007 a ground rent of £400 per annum

Location

Tulse Hill lies about 6 miles south of central London. The property is situated to the west side of Norwood Road, close to its junction with Church Road (A205). Further trade may be gained from traffic to and from Tulse Hill station, which is about 200m away from the property. Nearby occupiers include Tulse Hill Hotel, Deejay Chemists and Premier Off Licence.

Description

The property comprises the ground floor and basement only of a five storey building arranged as a retail unit and kitchen area on the ground floor and offices and WC in the basement.

Accommodation
ADDRESS FLOOR ACCOMMODATION USE LEASE TERM RENT PA
160 Norwood Road Ground Shop/Kitchen 34.90 sq m (376 sq ft) Retail A5 20 years from 26/11/2009 £13,000
Net Frontage 7m (23 ft)
Depth 6.40 m (21 ft)
Basement Office rooms,/WC 21.66 sq m (233 sq ft)

The floor areas have been provided by the vendor

Tenant Information

Let to an individual t/a Di Jerk Shack

Planning

London Borough of Lambeth (0207 926 0024 )www.lambeth.gov.uk

VAT
Please refer to legal documents.
EPC

Rating 88 Band D

*Terms and Conditions

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. 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 may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted \"subject to contract\". Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. 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).
  4. The guide price for the Lot does not include the administration fee of £1,000 (inclusive of VAT) charged by BidX1. In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount of £4,500 from all bidders. This participation amount is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,500 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee of £1,000 inc. VAT payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.