Planet Nollywood, 319 Camberwell Road, London, SE5 0HQ

Description
The property comprises the ground, basement, first, second and third floors of a four storey corner building with brick elevations beneath a pitched and hipped roof behind a parapet wall.

Location
Located in south east London in the Borough of Southwark, a short distance north of the centre of Camberwell, 2.0 miles (3.2 kilometres) north of Brixton and 3.3 miles (5.3 kilometres) south of central London.

The Planet Nollywood is situated at the intersection between Camberwell Green and Camberwell Road in a mixed residential and commercial area with nearby operators including the Camberwell Arms (Stonegate) and the Tiger (Heineken).

Accommodation
Ground Floor: The ground floor provides an open plan trading area with central bar servery and seating on loose tables, chairs and bench seating for 90 customers. Ancillary areas include customers WC's.

Basement: Cellar and Stores.

First Floor: The first floor comprises an open plan function room with seating for 36 customers, customer WC's to the rear as well as a trade kitchen.

Second Floor: The second floor has separate external access and comprises 7 letting rooms with shared kitchen, toilet and shower facilities.

Third Floor: The second floors comprises 7 letting rooms with shared kitchen, toilet and shower facilities.

Externally: There is an external customer trading area to the side of the property with seating on loose tables and chairs for 30 customers.

Tenure
The property is held freehold (Title Numbers TGL10270 & SGL26599).

Tenancy
The entire property is let to Nollywood London Limited on a 20 year lease from 5 August 2022 at a current rent of £85,613 per annum which is subject to five yearly open market reviews and annual RPI increases with a collar of 1% and cap of 4% (except in the open market review year). A rent deposit of £10,497 is held by the landlord.

Planning
The property is not listed but is situated within Camberwell Green Conservation Area.

VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.

EPC
D-99

Terms
We are instructed to invite offers in excess of £1,160,000 (7.0% NIY) assuming the usual purchasers costs.

Fixtures & Fittings
The fixtures and fittings are currently owned by the occupational tenant.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.

Viewings
All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff.

For further information and all viewing requests please contact the sole selling agents Savills.