Freehold Investment Sale
The property comprises a two-storey mid terrace commercial building arranged to provide two self-contained units (ground floor bar/restaurant and first floor offices) set beneath a part pitched/part flat roof. Externally, the property benefits from a front forecourt/trading area and a rear yard accessed via Abbey Road.
The current configuration provides ground floor bar/restaurant premises trading as Blend and arranged internally as fitted bar, open plan customer trading area, mix of high and low level seating, small function room and managers office. To the rear, there is a fully fitted commercial kitchen and general ancillary storage area.
The upper parts are occupied by a firm of solicitors and accessed via a dedicated entrance at the pavement edge. Internally, the spaces provides a mixture of open plan and cellular/partitioned offices with kitchen and WC facilities. The property is not listed and does not fall within a conservation area.
Bexleyheath is a London suburb, located in the Borough of Bexley adjacent to the towns of Sidcup and Welling. The town is located on the A2 that links with the A102 (Blackwall Tunnel) and Junction 2 of the M25. Bexleyheath Railway Station is within walking distance. The property occupies a main road position at the western end of Broadway, close to the junction with Albion Road with good levels of passing traffic. Pay and display roadside parking is available in close proximity.
4,572sq.ft (424sq.m)
272-274
Property: Ground Floor & Basement, 272-274 Broadway, Bexleyheath Kent DA6 8BE
Lease Dated: 1st February 2016
Tenant: Blendbar Holdings Ltd
Guarantors: Four Individuals
Rent: £51,000pax
Term: 25 Years expiring 31st January 2040
Breaks: N/A
Rent Review Dates: 5 Yearly. The 1st February 2026 review remains open/undocumented.
Security of Tenure: Within.
Upper Parts
Property: Part Ground Floor and First Floor, 272-274 Broadway, Bexleyheath Kent DA6 8BE
Lease Dated: 16th September 2019
Tenant: Mr G T Luckhurst & Mrs S Franklin
Rent: £18,000pax
Term: 10 Years expiring 19th August 2029.
Breaks: N/A
Rent Review Dates: 5 Yearly. The September 2024 review remains open/undocumented.
Security of Tenure: Within.
Total Rental Income: £69,000 (Sixty-Nine Thousand Pounds)pa.
Freehold. The property is subject to two existing leases as per the Tenancies section. We are instructed to seek offers in the region of £925,000 (Nine Hundred and Twenty-Five Thousand Pounds) exclusive for the Freehold interest.
