Lot 61: FREEHOLD VACANT TRIPLE FRONTED SHOP & OFFICE UNIT WITH GROUND RENT INVESTMENT

Vacant Commercial - Kent Area
frontage
Vacant Commercial - Kent Area
Internal shop
Vacant Commercial - Kent Area
Internal shop
Vacant Commercial - Kent Area
Vacant Commercial - Kent Area
Vacant Commercial - Kent Area
Sold £745,000

A freehold vacant triple fronted shop premises with three flats above, which have been sold on long leasehold basis.

The premises are in a prominent position as part of a busy shopping parade close to Belverdere, Bexleyheath and Welling.

It is considered that the shop units could be suitable for a variety of uses, either as one whole unit, two larger units or even as three separate units, subject to the necessary consents being obtained.

Ground Floor

Mainly made up of both solid and partitioned sections. Main front retail area, with shop frontage and counter, retail showroom, main storage area, two store rooms, office, store room and rest room, kitchen and W.C, rear loading area with two additional storage rooms, shower room and W.C.

Site Measurements

Approximately 3,660 sq.ft. (340.9 sq.m.) in total. Shop frontage extends to approximately 18.68 metres with the shop depth extending to approximately 24.54 metres.

Outside

Parking to the front for several vehicles. There is also a rear access road that runs behind the parade, between Cray Road and Swaylands Road.

Flat 94A

Sold on the remainder of a 99 year lease from 25th March 1990 at a current ground rental of £50 per annum increasing by £50 every 33 years.

Flat 96A

Sold on the remainder of a 99 year lease from 18th May 1990 at a current ground rental of £50 per annum increasing by £50 every 33 years.

Flat 98A

Sold on the remainder of a 99 year lease from 18th May 1990 at a current ground rental of £50 per annum increasing by £50 every 33 years.

Tenure

Freehold, with vacant possession of the commercial units, and ground rent income from residential flats above.

EPC Information

The EPC rating is 103 (Grade E).

Local Planning Authority

London Borough of Bexley. Website: bexley.gov.uk. Tel: 020 8303 7777.

Commercial EPC: E

Videos