Description

The building is set in mid terrace between retail units. Ground Floor GIA 281 sq. m. (3,024 sq. Ft) Floor to ceiling height of 3.5 m approx. Basement GIA 153 sq. m. (1,645 sq. ft.). Shop Commercial tenanted at £45,000 pa on a 10 year lease from October 2020. Lease available upon request.Flat 1 - Furnished - 1 bed 46 sqm. approx, Flat 2 - Furnished - 2 bed 56sqm. approx., Flat 3 - Furnished - 3 bed 86 sq.m. approx, Flat 4 - Furnished - 1 bed 45 sq.m. approx., Flat 5 - Furnished - 2 bed 53 sq.m approx., Flat 6 - Furnished - 1 bed 42 sq.m approx.

Residential element currently producing £100,171.08 per annum

There is potential for the residential parts to be sold with vacant possession

NB 2 studio flats were developed in the loft space when the planning permission was implemented. Further details upon receipt

Location

The Property fronts Lee Road at the junction with Lee High Road (A20) in a mixed commercial, secondary retail and residential area. Lee Mainline railway station is approximately ¼ mile to the South with Lewisham mainline and DLR Station one mile to the East.

Business Rates

Rateable value - £43,250 (as taken from Gov.uk)
This is not the amount you will pay. The rateable value is used to calculate your rates bill.

Please refer to the Local Authority for more information on rates

Legal Costs

Each Side to bear their own legal fees

Tenure

Freehold

EPC

Commercial - Energy Rating E
Flats 1 - 6 Energy Ratings D

Viewing

Via owners joint agents Paul Simon Seaton Commercial
or John Payne Commercial

VAT

Under the Finance Acts 1989 and 1997, VAT may be levied on the rental/purchase price. We recommend that the prospective tenants/buyers establish the VAT implications before entering into any agreement.

Comments


Freehold Investment