19 -21 Blackfen Road, Sidcup DA15 8QD

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STATUS

For Sale

DESCRIPTION

Comprises a double fronted retail shop unit currently in single occupation but we are advised by our clients originally comprised 2 shop units. The first floor comprises two separate flats, (21a) one x 2-bed and (19a) one x 3-bed. The 3-bed unit is occupied on a Shorthold Tenancy. The 2-bed has been prepared ready for redecoration/refurbishment works which have not been completed. To the front of the property there is a forecourt area used for parking and to the rear a garden and parking area via a vehicle access way adjacent to the shops, which we are advised is in the client’s ownership and includes the area to the rear of 17 Blackfen Road. There is currently a Telephonica Mobile Phone installation upon the roof of 19 Blackfen

LOCATION

Situated in a prominent position fronting a busy road (A210) which links the local shopping centre of Blackfen with Eltham. The subject property forms part of a small parade of retail units within a principally residential area.  The University of Greenwich Avery Hill Campus is in close proximity.

FLOOR AREA

9,350 sq.ft

TERMS

Shops Let on a full repairing and insuring lease for a term of 5 year from 23rd March 2018 at a current rental of £17,000 per annum exclusive.

Flat 19a: requires refurbishment.

Flat 21a: Currently occupied by the owner on an AST at a rental of £900 per calendar month. The owner is willing to offer vacant possession upon completion if required.

Phone MastLet upon a lease expiring August 2024 at a rental of £9,500 per annum exclusive. The rent was subject to rent review in August 2016, the review remains outstanding. The lease is granted outside of the provisions of the Landlord & Tenant Act and both Landlord and Tenant have the opportunity to operate break clauses which may assist with future developments, subject to the grant of any planning permission.

FREEHOLD PRICE: 

£770,000 (seven hundred and seventy thousand pounds) subject to the existing leases upon the shop, aerial installation and the short-hold tenancy upon the 3-bed flat, the 2-bed flat and area of land to the rear will have vacant possession.