October 2021: Tuesday 05 October 2021 - 9:00am
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    Key features

    • Investment Let at £37,500 per annum, rising to £39,000 per annum in 2022 and £42,500 per annum in 2023
    • New 10 year leases on each unit
    • Located approximately 50 metres from the entrance of Deptford Station
    • Both units have been fit out to a high specification
    • VAT is applicable

    Description

    The properties are located on the busiest stretch of Deptford High Street and form part of the Deptford Market Yard area.

    Located less than 50 meters from Deptford train station which has a regular service to London Bridge which takes approximately six minutes.

    The wider area is also undergoing rapid transformation due to the influx of creative industries and young professionals to the area.

    133 A is Let to Lai Cha - Bubble tea is a local independent café that has a cult following in the Deptford Area

    133 B is let to Anchor Lab Barbers - An independent high end Barbers shop

    Additional information

    Tenure

    Head Lease. 150 years from June 1990.

    Accommodation

    133 A – Deptford High Street – 635 sq ft.

    133 B – Deptford High Street – 723 sq ft.

    Tenancy

    133 A - Let on FRI lease for 10 years commencing from and including 25th February 2021 (mutual Landlord and tenant break clause in year 5)

    Investment let at £19,000 per annum in Year 1 and rising to £20,000 in Year 2


    133B - Let on FRI lease for 10 years commencing 23rd December 2020 (tenant break clause in year 5)

    Investment let at £18,500 per annum Year 1, rising to £19,000 per annum Year 2, rising to £22,500 per annum Year 3


    Both lease are contracted out of the Landlord and Tenant Act 1954


    There is also a ground rent of £187.50 per annum being paid by the upper flats sold off on a long lease.

    Rent

    Total current rent £37,500 per annum

    Notes

    Joint auctioneer

    Anthony Tappy-Day MRICS Director

     T: 0203797 6481

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The Property is located on the Deptford High Street on the corner of the main entrance for Deptford Station.

      Deptford itself is nestled between Canada Water, which is currently London’s largest regeneration area, and Greenwich which is widely considered as one of South London’s most attractive areas.

      Deptford Station approximately 50 metres from the property

      Transport

      National Rail - Deptford Station (South Eastern Railway services into London Bridge)

      Legal documents

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      EPC rating

      The EPC rating for this property is C

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums