Description
An opportunity to purchase a freehold investment benefiting from a popular location and high level of foot and traffic volume. The ground floor shop measures 390sqft and is let on a full repairing and insuring lease for 20 years commencing 2021 with 5 yearly rent reviews and no break clauses. The shop is well fitted for its trade as a fried chicken take away. The upper two floors consist of a 2-bedroom self-contained flat which is let on a 12-month AST agreement. The shop is currently let at £15,000 per annum and the flat is currently let at £16,800 per annum. Total rental income of £31,800 per annum.
Location
Welling is an area of south east London in the borough of Bexley. The subject property occupies a prominent high street position.
VAT
We understand that VAT is not applicaple in this transaction.
Further Information
EPC’s available on request
Commercial Lease
Assured Shorthold Tenancy Agreement
Terms
Reduced to £475,000 for the freehold interest for a quick sale.
Viewings
All viewings are strictly by prior appointment with Cosar property & Finance.
Viewing by appointment only.
Misdescriptions Act 1993
Whilst every effort has been made to ensure the accuracy of these particulars they are in no way guaranteed and do not and will not constitute any part of a contract or any other form of agreement. No liability shall attach to Cosar Property & Finance Services in relation to anything stated or omitted from these particulars. All prospective purchasers are invited to and expected to inspect the property to check the accuracy of these particulars and or seek appropriate advice from their surveyor and/or solicitor.
