Abbey Road, Abbey Wood, SE2

For Sale - £550,000

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  • FREEHOLD INVESTMENT OPPORTUNITY
  • GROUND FLOOR SHOP / RENTAL INCOME OF £12,000pa
  • + 2 BEDROOM FLAT BEING OFFERED VACANT
  • IN A AREA OF MUCH DEVELOPMENT & INVESTMENT
  • WALKING DISTANCE OF THE CROSSRAIL STATION

LOCATION:
Crossrail is helping to transform Abbey Wood, as the prospect of significantly better transport links has attracted new businesses and much investment in to the area. A new Sainsbury's supermarket has opened and planning permission has been approved for many new homes and a new public square close to the station.

The new railway line which apparently is going to halve the journey time in too many central London destinations is planned to open in December 2018.

The subject property is located on the edge of the Abbey Wood shopping area and forms part of a small parade which includes an estate agency and Chinese takeaway food shop. Access to the flat is via a shared right of way at the rear of the building.

DESCRIPTION:
The property comprises a mid-terraced two storey single fronted shop with residential upper part. We believe that the building was constructed circa 1910 and in recent years has been altered with access to the first floor residential accommodation now being external and meaning the flat is self contained.

ACCOMMODATION:

Ground Floor

Shop 511 sq. feet/ 47.47 sq. metres

Treatment Room 96 square feet / 8.9 square metres with door to the kitchen

Kitchen. 39 square feet / 3.65 square metres

W/C With low level WC suite

Staff Room. 84 square feet / 7.74 square metres with door out to the rear

External stores. 272 square feet / 25.56 square metres.

Residential Area:

First Floor. External rear access via a staircase leading up to

Landing, kitchen, three reception rooms, two bedrooms and bathroom / WC

External Area:

There is an external yard annexed to the shop but no external areas used by the residential flat.

TENURE:

The ground floor area is held by way of a lease for a period of 10 years from 2013. The rent from the date of the lease is £12,000 per annum, which is subject to 3 yearly upward only reviews. The permitted use is as a hairdressers and for beauty treatment.

The lease contains in Clause 21 a mutual break clause. This allows the landlord to give the tenant 9 month's notice of their intention to seek possession and similarly the tenant can give the landlord not less than 6 month's notice of their intention to break the lease.
There are conditions attached to the tenants break provision.

A rental deposit will be required subject to status.

EPC: C

RATES:
The business rates are the responsibility of the tenants. The flat is subject to council tax. Band B

LEGAL FEES:
Each party are to be responsible for their own legal costs

VIEWING ARRANGEMENTS:
No direct approach may be made to the property / business. For an appointment to view, please contact the agent.

Hummerstone & Hawkins
144 Welling High Street
Welling, DA16 1TN

T: 0208 303 1061
E: agency@hummerstone.co.uk

IMPORTANT NOTICE

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.