280A Broadway, Bexleyheath, DA6 8AJ
Size
5,507
Tenure
Freehold
EPC
Parking
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- Primary use
- Other
Key features
- commercial demise is let to City Plumbing Supplies Holdings Ltd on a 5-year lease, producing £55,000 per annum. The lease is inside the security of tenure provisions of the Landlord & Tenant Act 1954 Part II, expiring June 2029
- Upper flats have been let on AST’s, and currently producing the following: Flat 1 - £12,600 per annum, Flat 2 - £13,800 pa., Flat 3 - £15,000 pa
- A rare and extensive freehold asset, with title demise totalling 0.13 acres.
- Prominent position in the Broadway, which is well established as a popular local retail destination.
- Potential for rental growth by way of precedent on recent lettings.
- Potential for value add through development at the rear, subject to obtaining possession and the necessary consents.
- Sold subject to the existing tenancies
- Total rents of £96,400 per annum, reflecting 7.61% NIY assuming standard purchaser's costs, and 8.03% Gross, at the guiding figure
Description
Freehold Investment comprising a commercial retail space and storage arranged over ground and lower floors, with rear storage and parking.
Location
Situated on the north side of the Broadway, the building occupies a near end terrace position in a strong parade within this popular commercial retail district. Nearby there is immediate access to a wide and varied selection of independent cafés, restaurants, boutiques and everyday amenities, while Bexleyheath station is within 12 minutes walk to the north along Avenue Road. Bexleyheath offers good connectivity to southeast London, and beyond via the hub of London Bridge. Trains to London Bridge take around 41 minutes, providing onwards connections across London and the south coast. Additional connectivity benefits include excellent road links via the A2, M2, M20, and M25.
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- Business rates
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- Use class
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
Read more about EPC requirements- BREEAM rating
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- Environmental description
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Brochure
280A Broadway, Bexleyheath, DA6 8AJ
About Strettons Limited, Retail & Leisure
Strettons is a London-based firm of property advisors providing multidisciplinary expertise across a wide range of commercial and residential property sectors throughout the UK.
For over 90 years, Strettons has provided specialist advice to buyers, owners, occupiers, investors and developers, with our in-house agency, management, auction, valuation and advisory teams working as one to add value.
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Disclaimer - Property reference 374992-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Strettons Limited, Retail & Leisure. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.