Hainault House, Hainault Street, New Eltham SE9 2EF

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STATUS

For Sale

DESCRIPTION

Comprises a self contained showroom, office and warehouse complex with the benefit of gated concrete and hard surfaced yard and parking area plus a separate storge building with cloakroom/ WCs fronting Hainault Street.

It is considered that the property offers potential for either commercial or residential development subject to the grant of Planning Permission. All enquiries should be directed towards the Local Planning Authority The London Borough or Greenwich.

https://www.royalgreenwich.gov.uk/info/200193/planning_applications_an

LOCATION

Situated within a mixed commercial and residential area just off Footscray Road and approximately 250 yards from New Eltham mainline railway station. Hainault Street is a cul-de-sac and offers limited restricted car parking. Local shopping facilities are available including the Coop Supermarket close by in Footscray Road.

FLOOR AREA

1,815 sq.ft (168.62 sq.m)

TERMS

Offers invited in excess of £400,000 Four Hundred Thousand Pounds) for the Freehold Interest, subject to the existing lease granted producing an income of £19,000 pax (subject to review).

The entire premise are let upon a lease to Installation Squad AV Limited with guarantors That Media Limited for a term from 24th September 2019 at a current rental of £19,000 pax and expiring on 23rd September 2024. The rent is subject to review on 24th September 2022.