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Retail Property (high street) for sale

Crayford High Street, Crayford, DA1

Under Offer £210,000

Property Description

Key features

  • 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

Full description

Tenure: Freehold

LOCATION:

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


DESCRIPTION:

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

TERMS:

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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