Lot 34: FREEHOLD COMMERCIAL INVESTMENT

Available At £185,000
Clever Cloggs Nursery,
Berwick Road,
Welling,
Kent. DA16 1QU

Applicants may view the lot externally only

01622 608400

Ben Snelling/John Stockey

Located to the north of Welling town centre lies this single storey refurbished building, with double glazing and gas heating system via radiators, of which the freehold interest will be offered subject to an initial lease to Investors in the Community (Bexley Schools) Ltd, which expires on 20th October 2030 at a peppercorn rent. Investors in the Community lease the property to Clever Clogs Nursery for the same term at a current rental of 25,000 per annum.

The property is also subject to a reversionary lease for a term of 99 years from the London Borough of Bexley Council to Clever Clogs Nursery for a period from 28th January 2006 to 27th January 2105. Rent becomes payable to the freeholder from 21st October 2030 and there may be scope for an increase in this reversionary rent. There are rights to park five cars and vehicular and pedestrian access rights between the property and Berwick Road.

Site Measurements

The site measures 0.11 hectares (0.28 acres). The building has a net internal area of 250.7 sq.m. (2,698.5 sq.ft.).

Accommodation

Entrance hallway, W.C., kitchen, three classrooms, bathroom, W.C., office and three children's toilets.

Auctioneer's Note

At the time of publication, the Auctioneers have been unable to internally inspect the property. Details have been provided by a third party.

Viewing

There will be no internal viewings and interested applicants are requested not to enter the school grounds under any circumstances.

Commercial EPC: TBC

Map

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