65 London Road arranged over lower gound, ground, first and second floor. The property is occupied by a restaurant who are currently paying £30,000 per annum with 17 years remaining on their lease. However, the property can be sold with vacant possession, as a deed of surrender has been negotiated. The entire building measures approximately 3,587 sq ft (333 sq m) including the second floor which is used as a manger's flat measuring 927 sq ft.
65a London Road is ground office measuring 526 sq ft (48.7 sq m). The property can be accessed from London Road via a walkway on the right-hand side of 65 London Road and has rear access from Victoria Road. The property is currently let to connectaphone Ltd on a rolling license agreement at £7,000 per annum. The unit comes with four parking spaces.
The properties have clear development potential to convert the floorspace to residential use under Class MA. A formal planning note has been conduted on the site suggesting 5 units may be feasible once vacant, however, we encourage prospective purchasers to conduct their own due diligence. There is also an opportunity to increase the rent to an Estimated Rental Value of £83,000 per annum.
Location
Located within 0.5 miles from Sevenoaks station.
Accommodation
The property comprises 65 and 65a London Road measuring approximately 4,113 sq ft
Terms
Tenure - Freehold
Price - Offers in excess of £875,000