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Lot 41 - 7 Gloucester Parade, Blackfen Road, Sidcup, Kent, DA15 8PS

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LONG LEASEHOLD COMMERCIAL INVESTMENT

Guide price: £140,000 - £150,000 *

Auction Date

Monday, 2nd October 2017 11:00am

Location & Description

Forming part of a mid-terrace property comprising a ground floor shop within an established local parade serving the surrounding established residential area. Nearby multiple retailers include Coral, Betfred and Tesco Express.
On the north side of Blackfen Road, south of the A2 which links with the M25 and about 12 miles south east of central London.

ACCOMMODATION (Details provided by seller)

Ground Floor:
409 sq ft (38 sq m)
Let on a repairing and insuring lease to Arun Songprakhon (trading as Thai Serenity) for 5 years from 28.04.2017 at £11,000 p.a. Rent Review 28.04.2020. Tenants' break 28.04.2020 on 6 months notice.

Lease Details

999 years from 22.12.2016 at a peppercorn.

Note

1. 3 month rent deposit held (£2,750).
2. The provisions of sections 24-28 of the Landlord & Tenant Act 1954 (security of tenure) are excluded in relation to the tenancy.

EQUIVALENT TO £11,000 p.a.

EPC Rating

C

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.

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* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.