Leasehold Interest

The bank is demised over basement, ground and first floors, although Barclays only occupy the basement and ground floors, which comprises storage space, a retail banking hall and staff ancillary space. Tenure The property is held on an existing FRI lease due to expire 02/07/2028 at a passing rent of £35,000 per annum exclusive, with a break option scheduled for 02/07/2023. The lease is held inside the security of tenure provisions of the Landlord and Tenant Act 1954. Consideration Offers accepted on the basis of assignment or sub-lease at the passing rent of £35,000 pa. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £34,500 and the rates payable are £16,560 pa. The UBR for 2018/2019 is 48p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
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Location Description

The subject property is located in a prominent on the main junction of London Road and Dartmouth Road. It is located with frontages on to both roads opposite the train station, of which offers national rail services and TFL overground. Forest Hill railway station is located on the South Circular Road (A205), which is well connected to London via frequent Overground services, Southern trains and a number of bus routes. The area is mainly occupied by independent retailers within some nationals, such as Pizza Hut, WH Smiths and Paddy Power in the vicinity.

Sizes and Measurements

Total Size

2,119sqft

Sales Area

1,209sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

1,209sqft

Status

Available

Available from

Now

Basement

Details

Non-Sales

Size

910sqft

Status

Available

Available from

Immediately

Lease Information & Charges

Lease type

Assignment

For rent

Price On Application

UBR

48p

Ratable Value

£34,500.00

Business Rates

£16,560/pa

Specification

  • Elegant building
  • A2 consent from bank use
  • Prominent location

Floorplan

Photos

Map Data
Map data ©2018 Google
Map DataMap data ©2018 Google
Map data ©2018 Google
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