34 & 35 Steynton Avenue Bexley London DA5 3HG

  • 34 & 35 Steynton Avenue<br>Bexley<br>London<br>DA5 3HG

34 & 35 Steynton Avenue
Bexley
London
DA5 3HG

Freehold Retail and Residential Ground Rent Investment

  • Includes two recently let shops
  • Valuable flat reversion in 59 years
  • Located adjacent to Albany Park Railway Station
  • Neighbourng occupiers include, Co-op Food, Domino's Pizza and a number of local traders
  • Lot
    1
  • Auction
    16th June 2021
  • Rent
    £17,050 per Annum Exclusive
  • Status
    Sold
  • Price
    £225,000
  • Auction Venue
    Live Streamed Auction
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Freehold Retail and Residential Ground Rent Investment

  • Includes two recently let shops
  • Valuable flat reversion in 59 years
  • Located adjacent to Albany Park Railway Station
  • Neighbourng occupiers include, Co-op Food, Domino's Pizza and a number of local traders
  • Lot 1
  • Auction 16th June 2021
  • Rent £17,050 per Annum Exclusive
  • Status Sold
  • Price £225,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
11 miles south east of Central London
Roads
A222, A2, M25, M20
Rail
Albany Park Station
Air
London City, London Gatwick
Situation

The property is prominently situated on the south side of Steynton Avenue within a busy parade of shops, adjacent to Albany Park Railway Station, about 1.5 miles south-east of Bexley, offering excellent transport links to London and the South-East. Neighbouring occupiers include, Co-op Food, Domino's Pizza and a number of local traders and restaurants.

Tenure

Freehold.

Location
Miles
11 miles south east of Central London
Roads
A222, A2, M25, M20
Rail
Albany Park Station
Air
London City, London Gatwick
Situation

The property is prominently situated on the south side of Steynton Avenue within a busy parade of shops, adjacent to Albany Park Railway Station, about 1.5 miles south-east of Bexley, offering excellent transport links to London and the South-East. Neighbouring occupiers include, Co-op Food, Domino's Pizza and a number of local traders and restaurants.

Tenure

Freehold.

Description

The property comprises two terraced buildings arranged as two separately let ground floor shops with a first floor flat let on a long lease. Street parking is available to the front of the property.

VAT

VAT is applicable to this lot.

Note

Please note, the buyer will pay 1.5% +VAT of the purchase price towards the vendors costs in addition to the cost of the searches. Please see special conditions of sale.

Completion Period

Six Week Completion

EPC

See legal pack.

Description

The property comprises two terraced buildings arranged as two separately let ground floor shops with a first floor flat let on a long lease. Street parking is available to the front of the property.

VAT

VAT is applicable to this lot.

Note

Please note, the buyer will pay 1.5% +VAT of the purchase price towards the vendors costs in addition to the cost of the searches. Please see special conditions of sale.

Completion Period

Six Week Completion

EPC

See legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas
(Approx)
Tenant Term Rent p.a.x Reviews
34 Ground Retail
22.20 sq m
(239 sq ft)
MUSTAFA EMIN &
BAYRAM MEHMET
t/a Bryants
(a barber shop)
15 years from
08/03/2021 until
07/03/2036 (1)
£7,000 08/03/2026
and 5 yearly
thereafter
36 Ground Retail
44.20 sq m
(475 sq ft)
YASEMIN EMIN t/a
(to be a Fish & Chip
Shop)
15 years from
03/11/2020 until
02/11/2035 (2)
£10,000
rising to
£12,500 on
03/11/2023
03/11/2023,
03/11/2025
and
03/11/2030
34a First Residential
Flat
INDIVIDUAL 99 years from
29/09/1981
£50  
Total Commercial Area
66.40 sq m
(714 sq ft)
    £17,050  

(1) The lease provides for a tenant option to determine on 08/03/2024.
(2) The lease provides for a tenant option to determine on 03/11/2023.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Structadene Group 9 White Lion Street
London
N1 9PD
James Thomson 0207 843 9196james.t@pearl-coutts.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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