8 November 2022: Tuesday 08 November 2022 - 9:00am
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    Key features

    • Of interests to Investors and Developers.
    • Freehold two storey retail investment
    • Planning permission for conversion of 1st floor and creation of an additional floor
    • To provide 3 x 1 and 2 x Studio apartments plus the ground floor retail
    • The entire property is currently let to Boots at £41,500 per annum
    • Tenant holding over and has requested a new lease

    Additional information

    Tenure

    Freehold

    Accommodation

    Proposed accommodation

    Tenancy

    The entire property is let to Boots on a 5 year FRI lease from 10th February 2016 for a current rent of £41,500 per annum. The

    tenant is currently holding over at the end of their lease, and has served notice to request a new 3 year lease at a rent of £32,500 with a mutual break clauses after 18 months which would allow the Landlord opportunity to obtain vacant possession and carry out the development.

    Planning

    Rent

    £41,500 per annum
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      Arrange a viewing

      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

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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

      Located to the south side of Trafalgar Road close to its junction with Earlswood Street.

      Situated within a busy and established retail parade, other nearby occupiers include Betfred, Iceland Supermarket and Domino's

      This is a popular residential area being less than half a mile from the famous Greenwich Park.

      Greenwich centre is less than a mile to the west and provides a broad range of shops bars and restaurants.

      There are many leisure and recreation opportunities in the area including Greenwich Maritime Museum, the Cutty Sark


      Transport

      Maze Hill and Greenwich Station - National Rail

      Cutty Sark - DLR

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      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