Lot 60

RETAIL AND RESIDENTIAL INVESTMENTS

238-240 Bexley Road, Northumberland Heath, Erith, Kent, DA8 3HB
238-240 Bexley Road, Northumberland Heath, Erith, Kent, DA8 3HB
Sold £344,000

Currently let at £28,800 per annum

A double fronted two storey building situated on a busy thoroughfare within the main shopping area of Bexley Road and comprising a ground floor retail unit with a pair of self-contained flats above.

Further information will be available to download from the Clive Emson website or inspection at the Auctioneer’s Office.

238-240 Bexley Rd

Ground Floor

Double fronted retail area and ancillary accommodation.

Tenancy

Holding over under the terms of an original commercial lease at a current rental of £875 per calendar month. Currently trading as AJ's Afro Caribbean Foods.

238A Bexley Road

Ground Floor

Rear entrance to living room/kitchen.

First Floor

Two bedrooms and bathroom.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £875 per calendar month.

240A Bexley Road

First Floor

Rear access, living room, kitchen, bedroom and bathroom.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at £650 per calendar month.

AMMENDED TENURE INFORMATION

240 BEXLEY ROAD - FREEHOLD

238 BEXLEY ROAD - Both the Ground Floor Retail Unit and the Flat on the Ground and First Floor are owned Leasehold with the remainder of Long Ground Leases for terms of 999 years from 23rd January 1986 and 23rd January 1995 respectively

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/