Eltham High Street, Eltham, SE9

Under Offer - £235,000

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  • 3 STOREY END TERRACE PROPERTY
  • GROUND FLOOR SHOP LET TO AN UNDERTAKERS
  • SHOP HELD ON 12 YEAR LEASE FROM JULY 2017
  • RENTAL INCOME £13,500pa / NEXT REVIEW 20121
  • FLAT ALREADY SOLD ON A 125 YEAR LEASE FROM 2015

LOCATION:
Eltham is a suburban district of south east London, in the Royal Borough of Greenwich. It is located some 8.7 miles east south-east of Charing Cross and around 5.8 miles west of Bexleyheath.

The subject property is situated on the busy Eltham High Street (A210) near to the junction with Court Road (A208) The town has a busy shopping centre with a good mix of both national and local retailers

Eltham has its own Network Rail station and is well served by bus routes and has good road links.

DESCRIPTION:
A ground floor lock up premises within a 3 storey end terrace building with the residential upper parts previously sold on a long lease.

From the date of the lease the shop has been let to Mears Family Funerals Limited and Mr Mears.

The permitted use is any non-food retail use complying with the landlord's retail and tenant mix policy and falling within Class A1.

ACCOMODATION:
Dimensions taken from the VOA website.

Total area 89.73 square metres

Ground retail zone A 30.8 square metres
Ground retail zone B 31 square metres
Ground retail zone C 13.8 square metres
Internal storage 14.13 square metres

TENURE:
The ground floor is held by way of a lease for a period of 12 years from 21st July 2017. The rent from the date of the lease is £13,500 per annum which is subject to 4 yearly reviews the next being 21st July 2021.

The upper residential parts known as First & Second floor Maisonette, 54 Eltham High Street is held on a 125 lease from 11th December 2015. There is a Peppercorn rent.

EPC: D

RATES:
We understand that the rateable value is £14,500 per annum with the tenants responsible for payment of the rates.

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

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.