Retail Property (high street) for saleCrayford High Street, Crayford, DA1
Under Offer £210,000
- FREEHOLD INVESTMENT FOR SALE
- A1 RETAIL SHOP TOGETHER WITH 1 BED FLAT
- TOTAL RENTAL INCOME £13,220 PER ANNUM
- IN HEART OF CRAYFORD TOWN CENTRE
- GENUINE REASON FOR SALE
Crayford is located in the London Borough of Bexley approximately 16 miles south east of Central London, some 2 miles west of Dartford and around 2 miles east of Bexleyheath.
The subject property benefits from much passing trade with the High Street being a main thoroughfare carrying traffic to and from Crayford town centre. The town has a busy shopping centre with a good mix of both independent and national retailers. There are good road links to the A2 trunk road linking to London and the M25
A two storey older style end terrace property which comprises of a ground floor lock up A1 retail unit together with a 1 bedroom flat over.
The shop has for many years been trading as an off licence and been in the hands of the current tenant for the past 3 years. We are advised that the sales area is approximately 26.74 square meters / 288 square feet.
Our client informed us that the accommodation comprises a lounge, kitchen, bathroom and one bedroom. We also believe that the flat is in need of total refurbishment which would also include replacement of the external stairs and walkway
The residential flat is not held on any formal agreement and the tenant pays £250 every two weeks which equates £6,500 per annum.
The shop is held on a lease which we understand has 21 years remaining. The passing rental is £6,720 per annum subject to upward only reviews every 5 years.
RATES Will be the responsibility of the tenant.
Energy Performance Certificates (EPCs)
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