John Payne Commercial >

Formerley known as Rick's Bar, 208 Trafalgar Road, Greenwich, SE10 9ER

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Guide Price £750,000

Ref: C00071

  • Situated in a prominent position along Trafalgar Road, close to major retailers such as: Iceland, Corals, Co-op, Greggs and Tesco.
  • Substantial residential development opportunity on prominent corner site (excluding ground floor commercial unit)
  • Planning granted for 3 x 2 bed flats and 3 x 1 bed flats - planning approved for a 7th flat.
  • Sold with vacant possession (subject to the lease to Ladbrokes)
  • £750,000 for the freehold excluding the ground floor retail.

Location:

The property is located on a bold corner site within one of South East London's most sought after retail, restaurant and leisure thoroughfares. Existing multiple occupiers include Tesco, Iceland, Co-op, Greggs and Corals. Greenwich benefits from a relatively affluent population with the level of disposable income being one of the highest per capita in South London and having the additional benefit of a very little competion from adjoining towns, hence the strong pedestrian flow coupled with a heavy tourist influx for the Cutty Sark.

Description:

The premises comprise residential space with planning approval in addition to the rear of the shop a planning application has been submitted and approved for a 7th flat. The commercial space had already been sold on a long leasehold.

Terms:

TO BE SOLD £750,000 for the freehold excluding the ground floor retail

Business Rates:

We recommend all interested parties make their own enquiries to the Royal Borough of Greenwich. Business rate multiplier is 45.8p in the £.

Viewing:

Strictly by appointment with JOHN PAYNE COMMERCIAL 020 8852 6125

 

Location Map

Location:Formerley known as Rick's Bar, 208 Trafalgar Road, Greenwich, SE10 9ER

Misdescriptions Act

Whilst every effort has been made to ensure the accuracy of these particulars they are in no way guaranteed and do not and will not constitute any part of a contract or any other form of agreement. No liability shall attach to John Payne Commercial or its representatives in relation to anything stated or omitted from these particulars. All prospective lessees or purchasers are invited to and expect to inspect the property to check the accuracy of these particulars and to seek appropriate advice from their surveyor and/or solicitor.


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