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Lot 12 Click here for addendum

6½ years unexpired to Dignity Funerals with no breaks
6 Week Completion

Situation

Located at the junction with Lewisham High Street, in the heart of the town centre, adjacent to Ladbrokes and within close proximity to Nando's, HSBC and a variety of local traders. In addition, Lewisham Shopping Centre is just a few hundred yards away which houses stores such as Marks & Spencer, Sainsbury's and Costa Coffee.
Lewisham is served by Lewisham Station (DLR and South Eastern Railway Lines) and lies approx. 6 miles south-east of central London.

Property

Forming part of a terraced building comprising a Ground Floor Double Shop.

ACCOMMODATION¹

Ground Floor Double Shop
Gross Frontage 35'0”
Built Depth 61'0” (max)
Area Approx. 1,313 sq ft
Plus WC
¹ Not inspected by Barnett Ross. Area from VOA.

VAT is NOT applicable to this Lot

Tenure

Leasehold to be for a term of 999 years from completion at a peppercorn ground rent.

Tenancy

The property is let on a full repairing and insuring lease to Dignity Funerals Limited (having over 800 funeral locations and 46 crematoria) (T/O for Y/E 28/12/18 £262.3m, Pre-Tax Profit £62.3m and Shareholders' Funds £65.7m) for a term of 15 years from 24th December 2011 at a current rent of £32,000 per annum exclusive.

Rent Review 2021

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

4–6 Lee High Road, Lewisham, London SE13 5LQ