Lot 33: FREEHOLD COMMERCIAL AND RESIDENTIAL INVESTMENT

Sold £437,000

A substantial three storey property situated in a busy parade fronting Eltham High Street close to the junction with Southend Crescent.

The property has, for many years, been divided to comprise a ground floor hairdressing salon with separate access to the front and the upper parts providing a self-contained flat on the top floor together with three residential rooms with shared facilities, which were rented on a room by room basis.

The first floor has a House of Multiple Occupancy (HMO) Licence.

The windows in the upper parts have been replaced with uPVC double glazed windows.

It is considered there may be potential for conversion of the first floor into self-contained flats, subject to all necessary consents being obtainable.

Local Planning Authority

Royal Borough of Greenwich. Tel: 020 8921 5442. Website: royalgreenwich.gov.uk.

Ground Floor

Hairdressing Salon

Front salon with rear ancillary accommodation.

Tenancy

Let on a 15 year Commercial Lease from 25th June 2009 at a current rental of £10,000 per annum.

Upper Parts

Ground Floor

Separate entrance door to front.

First Floor

Shared kitchen, bathroom with W.C. and washing machine.

Room 1

Vacant. Previously let at approximately £400 per calendar month.

Room 2

Vacant. Previously let at approximately £400 per calendar month.

Room 3

Vacant. Previously let at approximately £400 per calendar month.

Second Floor

Flat

Hallway, living room, kitchen, bedroom and shower room with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £550 per calendar month.

Freehold with Part Vacant Possession

Residential EPC: E
Commercial EPC: D