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
    16/Jun/2021
  • Rent
    £17,050 per Annum Exclusive
  • Status
    Available
  • Price*
    £185,000+
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • 34 & 35 Steynton Avenue<br>Bexley<br>London<br>DA5 3HG
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* More information on the term "price" can be found here

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.

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

UnitFloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReviews
34GroundRetail
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)
£7,00008/03/2026
and 5 yearly
thereafter
36GroundRetail
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
34aFirstResidential
Flat
INDIVIDUAL99 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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    28.05.21
    File Size
    16 MB
    Login to View
  • Catalogue Page
    Updated Date
    27.05.21
    File Size
    651 KB
    View PDF
  • Site Plan
    Updated Date
    27.05.21
    File Size
    586 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@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

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