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2 bedroom retail property (out of town) for sale

363 Bexley Road, Northumberland Heath, Kent, DA8

Under Offer £375,000

Property Description

Commercial information

  • Use class orders: A1 Shops

Key features

  • Freehold Investment
  • Mixed Commercial & Residential Use
  • Development Potential

Full description

Tenure: Freehold

LOCATION
Northumberland Heath is a commuter suburb 1.5 miles from Bexleyheath and within 3 miles of the M25 motorway. The property is located on the southern end of Bexey Road within an established parade approx. 10mins from Barnehurst Railway Station. The area is well served by numerous bus routes with easy links to Erith Station and Bexley Bus Garage.

DESCRIPTION
The property comprises a mid-terrace lock up shop unit with ground floor retail and self-contained flat at upper parts (not inspected).

The ground floor is currently trading as a hairdressers and arranged to provide open plan retail space with rear ancillary areas.

363a provides a well proportioned self-contained maisonette set out to offer two bedrooms, lounge, kitchen and bathroom/wc.

To the rear of the property there is a car park providing access to the flat as well as allocated spaces for both commercial and residential tenants.

TENANCIES
The ground floor is occupied under a Full Repairing and Insuring Lease for a term of 5 years commencing 23rd November 2015. The lease is held within the security provisions of the Landlord and Tenant Act 1954. The passing rent is 13,000 per annum exclusive.

The first floor at 363a we understand the tenants occupy the property under a 12 month assured shorthold tenancy at a rental of 975 per month.


Total current rental income 24,700 per annum exclusive.

PRICE

375,000 (Three Hundred and Seventy Five Thousand Pounds) for the benefit of our client's Freehold interest, subject to the existing tenancies.

SEE BROCHURE FOR FULL DETAILS

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