Guide price
£55,000
Retail premises for sale8 Well Hall Road, Eltham, London SE9
EPC Rating: D
Just added
Auction
Leasehold
About this property
Guide Price = £55,000+
**For Sale By Public Auction 24th June 2026 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**
A Commercial Unit Within a Petrol Filling Station Fully Let to Malthurst Limited t/a Londis Producing £17,500 Per Annum (Reflecting a Gross Initial Yield of 31%)
Tenure
Leasehold. The property is held on a 99 year lease from 2nd March 1937 (thus approximately 9 years unexpired).
Location
The property is situated on a mixed use road close to local shops and amenities. The open spaces of Well Hall Pleasaunce are within easy reach. Transport links are provided by Eltham Station rail station.
Description
The property comprises a ground floor commercial unit within a petrol filling station fore court.
Accommodation
Ground Floor
Shop Area
Tenancy
The property is let to Malthurst Limited t/a Londis at a rent of £17,500 per annum.
Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.
**For Sale By Public Auction 24th June 2026 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**
A Commercial Unit Within a Petrol Filling Station Fully Let to Malthurst Limited t/a Londis Producing £17,500 Per Annum (Reflecting a Gross Initial Yield of 31%)
Tenure
Leasehold. The property is held on a 99 year lease from 2nd March 1937 (thus approximately 9 years unexpired).
Location
The property is situated on a mixed use road close to local shops and amenities. The open spaces of Well Hall Pleasaunce are within easy reach. Transport links are provided by Eltham Station rail station.
Description
The property comprises a ground floor commercial unit within a petrol filling station fore court.
Accommodation
Ground Floor
Shop Area
Tenancy
The property is let to Malthurst Limited t/a Londis at a rent of £17,500 per annum.
Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.
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Monthly repayment
£275 per month
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