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Shop for sale

Hatherley Road, Sidcup, Kent, DA14 4AJ

Guide Price* £145,000

Property Description

Key features

  • A Mixed Use Investment Producing 9,625 per annum. First Floor Flat 78A is Sold Off with 52 Years Unexpired on the Lease thus Reversionary. Offered with Potential for Residential...

Full description

Tenure: Freehold

Withdrawn Prior to Auction Guide Price = £145,000+

**For Sale By Auction 18th July 2018 12:00 PM To inspect the legal documents for this property go to our website www.auctionhouselondon.co.uk to download the legal pack**

A Mixed Use Investment Producing £9,625 per annum. First Floor Flat 78A is Sold Off with 52 Years Unexpired on the Lease thus Reversionary. Offered with Potential for Residential Redevelopment of the Ground Floor (subject to obtaining all relevant consents).

Tenure
Freehold

Location
The property is situated on a predominantly residential road in Sidcup close to local shops and amenities. The open spaces of Waring Park are within easy reach. Transport links are provided by Sidcup rail station which is a short walk away.

Description
The property comprises a ground floor lock up shop situated within a mid terrace building arranged over ground and first floors. First floor flat is sold off with 52 years remaining at a ground rent of £5 per annum.

Accommodation
Ground Floor
Lock up Shop Area
N.I.A: 720 sq ft

First Floor
Flat sold off on a 99 year lease from 1971 thus approx. 52 years unexpired. (Not Inspected)

Tenancy
The shop is let on an FRI Lease trading as 'Demi's Hair to Dye For' for a term of 5 years commencing 28th August 2015 at a rent of £2,405 per quarter. Rent review due on the 28th August 2018.

Current Rent Reserved £9,625 per annum

Viewing Times
Open House Viewings:
Available during Shop Opening Hours. Please contact Jay Howard directly; jay@auctionhouselondon.co.uk for further details.


Map & Street View

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