Freehold Retail and Residential Investment
Freehold Retail and Residential Investment
The property is situated in the centre of a well established parade of shops on the south side of the busy Blackfen Road (A210) approximately 1.5 miles south-east of Falconwood Railway Station. Neighbouring occupiers include Costa Coffee, Co-op Food, Coral, Betfred and Tesco Express.
Freehold.
The property is situated in the centre of a well established parade of shops on the south side of the busy Blackfen Road (A210) approximately 1.5 miles south-east of Falconwood Railway Station. Neighbouring occupiers include Costa Coffee, Co-op Food, Coral, Betfred and Tesco Express.
Freehold.
The property comprises a ground floor retail unit and a residential flat on the first floor. The property benefits from a rear yard which could be extended into, subject to consents and from a forecourt.
VAT is applicable to this lot.
Six Week Completion
See legal pack.
The property comprises a ground floor retail unit and a residential flat on the first floor. The property benefits from a rear yard which could be extended into, subject to consents and from a forecourt.
VAT is applicable to this lot.
Six Week Completion
See legal pack.
| Floor | Use | Floor Areas (Approx) |
Tenant | Term | Rent p.a.x | Review/ (Reversion) |
|
|---|---|---|---|---|---|---|---|
| Ground | Retail | 60.55 sq m |
(651 sq ft) (3) |
BLOW LDN LIMITED t/a Blow London (Hairdressers) |
10 years from 29/03/2021 (1)(2) |
£16,000 | 29/03/2026) (28/03/2031) |
| First | Residential | Flat |
INDIVIDUAL | 125 years from 01/09/2008 |
£125 | ||
| Total Commercial Floor Area |
60.55 sq m |
(651 sq ft) (3) |
£16,125 | ||||
(1) The lease provides for a tenant option to determine the lease on 29/03/2026 on serving 6 months notice.
(2) The lease is excluded from the security of tenure provisions of the Landlord and Tenant Act 1954.
(3) The above floor areas have been published by the Valuation Office Agency at https://www.tax.service.gov.uk/business-rates-find/valuations/18245390000
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.
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