Commercial properties for sale in Bexleyheath, Kent, this area only

Questmap are pleased to offer this income bearing mixed use investment located on The Broadway in Bexleyheath

A rare investment and development opportunity combining secure commercial income, a vacant residential flat, and a flexible, high-value airspace planning consent in a thriving high street location. The ground floor of the property (planning use class E) is currently rented to Shaw Trust (local authority funded) at £60,000 per annum. There are currently 2 years remaining on the existing lease which is outside of the 1954 Landlord & Tenant Act with no outstanding rent review or break options. Shaw Trust have occupied the premises since 2002 however due to their local authority funding cycle prefer to commit to leases in excess of 2 years. For further information about Shaw Trust visit The first floor of the property comprises a 2-bed 4-person self-contained flat measuring 753sqft internally and is offered for sale with full vacant possession which will be of benefit to a Purchaser who is looking to implement the airspace planning consent above. The property benefits from multiple in-date airspace planning consents to extend the property vertically to add further residential units. A summary of these planning consents is listed below. A ground investigation has been conducted by a qualified Surveyor that confirms the existing foundation arrangement can support the additional storeys without underpinning, new/deeper foundations or other works below ground (subject to the final structural design and calculations).

Freehold Investment comprising commercial retail space and storage.

A rare residential investment and development opportunity comprising a self-contained 2-bedroom first-floor flat, together with the benefit of planning permission for an airspace development creating 6 additional studio flats. The first-floor flat comprises a 2-bedroom, 4-person self-contained residential unit, extending to approximately 753 sq ft (69.96 sq m) internally. The flat is offered with full vacant possession on a new 999 year leasehold, providing a purchaser with immediate flexibility to occupy, retain as an investment or pursue the development opportunity. The property benefits from planning permission for the vertical extension of the building to create 6 additional residential studio units. The consent provides an exciting opportunity to add significant residential accommodation through the development of the existing airspace. A ground investigation has been undertaken by a qualified surveyor, which confirms that the existing foundation arrangement is capable of supporting the additional storeys without the requirement for underpinning, new/deeper foundations or other below-ground works, subject to final structural design and calculations. The sale therefore offers the opportunity to acquire the 999-year leasehold interest in the existing first-floor flat, together with the benefit of the airspace planning consent for 6 additional studio flats.