Lot 68: FREEHOLD INVESTMENT LOCK-UP SHOP AND FLAT ON LONG LEASE

Mixed Commercial/Residential - Bexley
Front View.
Mixed Commercial/Residential - Bexley
Rear View.
Mixed Commercial/Residential - Bexley
Sold £175,000

This mixed use building is located in a parade of similar properties, in a residential location, and comprises a tenanted ground floor shop with parking to the rear and a two bedroom flat on the first floor which has been sold on a long lease.

Ground Floor Shop

Retail areas and staff toilets with rear access.

Tenancy

Let under the terms of a 10 year lease, from December 2014, at a current rental of £12,500 per annum.

First Floor Flat

Tenure

Sold on 189 year lease, from 9th November 1979, at a current ground rental income of £350 per annum.

Outside

Rear access service way and hardstanding parking for several cars.

Planning

Planning Permission has been granted by the London Borough of Bexley, under ref: 17/00278/FUL, dated 10th April 2017 for change of use of ground floor to provide one x2 bedroom self-contained flat, subject to conditions.

A copy of the Planning Consent and proposed plans are available to download from the Council website, Clive Emson website or inspection at the Auctioneer’s Office.

Local Planning Authority

London Borough of Bexley. Tel: 020 8303 777. Website: bexley.gov.uk

Residential EPC: D
Commercial EPC: C