Retail Property (high street) for saleWest Hill, Dartford, DA1
- FREEHOLD INVESTMENT SALE
- RETAIL SHOP + 3 FLATS
- RESIDENTIAL RENTAL INCOME OF £31,800
- PROJECTED COMMERCIAL RENTAL OF £8,500pa
- LOCATED IN CENTRE OF DARTFORD
West Hill is a busy road carrying traffic to and from Dartford and the subject property is located within walking distance of the town centre where there are a number of multiple operators together with independent and specialist retailers.
West Hill is subject to parking restrictions but there is ample 'pay & display' and side road parking close by.
Dartford has its own Network Rail station is well served by bus routes and has excellent road links to the A2 which connects to the M25, the Dartford Crossing and M2.
The subject property comprises a fairly sizeable double fronted mid terraced 18th century building which for many years has been configured as a ground floor A1 lock up shop with basement together with one 2 /3 bedroom and two x 1 bedroom flats. We understand that with the front of the property is listed. The flats are accessed via an entrance door at the front of the premises.
The business is that of an independent printing shop which has been trading from this unit since 2004 and is now held on a 6 month rolling contact.
The commercial areas are divided in to two with the sales retail space approximately 230 square feet and the second area which is used for storage and which we were unable to measure said to be of a slightly smaller size.
A ground floor entrance door leads you into a lobby where doors either side lead in the retail space and in front stairs which lead up to a small landing with private entrance doors to the flats.
Flats 1 & 2 both offer 1 bedroom accommodation and were refurbished and decorated in February 2016. The works included new fitted kitchens and bathroom suites, carpets, double glazing and gas fired central heating.
Flat 3 is good sized and offers 2 attic bedrooms, a lounge which has the potentiad to be used as a third bedrooom with then the kitchen combining to become an open plan kitchen / lounge. There is also a shower room. The flat is was refurbished in October 2016.
Each flat includes a fenced off section of the rear garden.
The landlord has enquired with Dartford council and parking permits could be purchased at a cost of £60pa each.
The shop is held on a 6 month rolling lease since 2004 at a passing rental of £6,000 per annum. The tenant has expressed an interest in agreeing to a new lease and we feel that there is an opportunity to increase the rent.
Flat 1 is held on a 12 month AST from 27th January 2017 at a rental of £850pcm
Flat 2 is held on a 12 month AST from 20th February 2017 at a rental of £800pcm
Flat 3 is held on a 12 month AST from 27th January 2017 at a rental of £1,000pcm.
Copies of the AST agreements will be made available to interested parties.
RATES We understand that the business rates are the responsibility of the tenants
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