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361 Bexley Road, Northumberland Heath, DA8 3EZ

not specified / Other

For Sale - £725,000.00

Available - Last updated: 11 June 2024

A three storey end terraced building comprising shop to the ground floor which has the benefit of 4 car parking spaces plus two self-contained flats above (361a , 3 bedrooms and 361b, 2 bedrooms), both of which are let on AST's. and have the benefit of 2 car parking spaces each at the rear. The shop has been extremely well fitted out as a skin and lazer clinic and has an overall frontage of approximately 7.1m and a total depth of 15.7m. The lease provides for agreed stepped rent increases* whereby from September 2024, the rent will be £16,500 and from September 2025, it will be £18,000pa. for the remainder of the term.

SHOP LET ON 10 YEAR LEASE FROM 29th SEPTEMBER 2020
SHOP LEASE IS OUTSIDE THE L and T ACT 1954
CURRENT RENT £15,000 PA WITH STEPPED INCREASES*
FLAT A PRODUCES £1200 PCM - TENANT HOLDING OVER
FLAT B PRODUCES £960 PCM
TOTAL RENTAL INCOME THEREFORE £40,920PA GROSS*
RENT INCREASES TO £41,700 PA FROM SEPTEMBER 24
REPLACEMENT UPVC DOUBLE GLAZED WINDOWS
8 CAR PARKING SPACES.

( Agency Pilot Software ref: 805 )

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £725,000.00 NA

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Commercial

John Payne Commercial

020 3151 5568



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