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2 bedroom mixed use for sale

Bexley Road, Erith, Kent, DA8

£570,000

Property Description

Commercial information

  • Use class orders: A1 Shops

Key features

  • Upper Parts
  • Car Parking

Full description

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 Bexley 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 of an end of terrace unit with ground floor retail and two modern constructed flats. The building was constructed in the early seventies, with the upper floors being converted into two self-contained, larger accommodation units in 2010/2011.
361 is currently trading as a beauty salon and arranged to offer partitioned treatment rooms with kitchen, storage and toilet facilities to the rear. The shop fitting is of a very high standard.

361a is at first floor level and arranged to provide two bedrooms, lounge, kitchen and bathroom/WC.
361b is set out within the roof and has two bedrooms, lounge, kitchen and bathroom. The property benefits from having its own car parking for 8 vehicles.

TENANCIES
The ground floor is occupied under a Full Repairing and Insuring Lease for a term of 5 years commencing 1st June 2014. A rent review provision is made available at the 3rd year of the term (2017). The lease is held within the security provisions of the Landlord and Tenant Act 1954. The passing rent is 12,000 per annum exclusive.

361a - We understand the tenants occupy the property under a 12 month assured shorthold tenancy at a rental of 1,100 per calendar month.

361b - We understand the tenants occupy the property under a 12 month assured shorthold tenancy at a rental of 850 per calendar month.

Total current rental income: 35,400 per annum.

GUIDE PRICE

570,000 (Five Hundred and Seventy Thousand Pounds) for the benefit of our clients Freehold interest, subject to the existing tenancies.


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