Broadway, Bexleyheath, DA6

Exchanged - £35,000 pa

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  • DOUBLE FRONTED A1 PREMISES
  • BUSY MAIN ROAD POSITION
  • APPROACHING 4,000 sq ft
  • MAY SUIT A5 USE (STPP)
  • CLOSE TO TOWN CENTRE

LOCATION: The subject property enjoys a prominent trading position fronting on to the busy Broadway with the immediate area surrounding a mix of both commercial and residential properties. The unit benefits from substantial passing trade with the Broadway being a main thoroughfare carrying traffic travelling to and from Bexleyheath town centre. The Broadway is also a main bus route. The town has a busy shopping centre with a good mix of both local and national retailers. There are good road links to the A2 trunk road linking London and the South.

DESCRIPTION: This double fronted unit comprises of a ground floor lock-up shop which is approaching 4000sq ft. The shop is both deep and wide and can be configured in an open plan way so as to lend itself to a variety of different users. To the rear of the main retail area is a toilet and small kitchen area.
To the side of the shop is a stairwell leading to a basement that comprises 2 rooms the first of which is approximately 330sq ft and the connecting room around 41osq ft.
We understand there is 1 parking space at the rear.

ACCOMODATION There are 2 flats situated above the shop which are both sold on long Leasehold agreements. Both producing a Ground Rent of £200 per annum respectively. Rising to £400 in 2036.

TERMS Our client is looking to either sell the freehold at marketing price of £475,000 or grant a new full repairing and insuring lease (terms to be agreed) at a starting rental of £38,000 per annum.

RATES We understand from enquiries with Bexley Council that the property has a rateable value of £28,750 with rates payable of approximately £13,857.50. We strongly recommend this is confirmed with the rating office of the London Borough of Bexley.

EPC RATING D - 89

LEGAL FEES Each party are to pay their own legal costs.

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.