Plumbridge Street, London, SE10
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- Ideal Investment
- Available Immediately
Description
Location
The property occupies a prominent corner position at the junction of Plumbridge Street and Blackheath Hill, within an established mixed commercial and residential neighbourhood.
Local shops and amenities are readily accessible, together with Greenwich town centre and Greenwich Park. Transport connections include Deptford Bridge DLR and Greenwich stations, while the nearby A2 provides connections towards central London and the wider road network.
Accommodation
Comprising a ground-floor commercial unit currently trading as a chicken takeaway, with preparation and storage accommodation and a rear garage/storage area.
Approximate commercial floor areas are:
Sales area: 15.49 sq m (167 sq ft)
Preparation area: 39.37 sq m (424 sq ft)
Office / storage: 14.68 sq m (158 sq ft)
Rear garage/storage: 49.20 sq m (530 sq ft)
Total: 118.74 sq m (1,278 sq ft)
Residential accommodation
Rear first-floor one-bedroom flat
Front two-bedroom flat arranged over the first and second floors
Tenancies and Rental Income
The commercial premises are held under a renewal lease dated June 2020, for a term commencing on 12 April 2020 and expiring on 11 April 2035.
The current passing rent is £18,500 per annum, payable quarterly in advance, with three-yearly rent reviews. The current passing rent and position regarding subsequent reviews are to be confirmed.
The current residential rents are:
One-bedroom flat: £1,400 per calendar month (£16,800 annually).
Two-bedroom flat: £1,700 per calendar month (£20,400 annually).
Thus producing a total income of £55,700 pax.
Tenure
Freehold
Price
£875,000, subject to contract
Legal Costs
Each party to pay their own legal fees. The seller will require an undertaking that the proposed buyer will pay their reasonable abortive legal fees should they decide not to proceed.
Viewing
Strictly by prior appointment through the sellers sole agent, Nationwide Residential & Commercial.
Telephone:
Email: info@nrandc.co.uk
Plumbridge Street, London, SE10
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Greenwich DLR Station0.3 miles
- Greenwich Station0.3 miles
- Elverson Road Station0.4 miles
Notes
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