Plumstead Common Road, Plumstead, SE18

For Sale - £460,000

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  • RETAIL PREMISES WITH FLOOR AREA OF 440 SQ. FT
  • WELL PRESENTED SELF CONTAINED FLAT OVER
  • POTENTIAL FOR FURTHER DEVELOPMENT (STPP)
  • IN SAME OWNERS HANDS FOR 20+ YEARS
  • CHAIN FREE / VIEWING IS STRONGLY ADVISED

LOCATION:
Plumstead is a district of South East London located in the London Borough of Greenwich. It is located some 2 miles east of Woolwich, approx. 3.5 miles north-west of Bexleyheath and around 2 miles north of Welling.

The subject building is situated fronting on to Plumstead Common Road, a busy road carrying high volumes of traffic and linking the South Circular Road and the A209. The property itself has good signage and is clearly visible to traffic travelling in both directions and it forms part of a neighbourhood shopping centre where other businesses in the vicinity include a Co-op Food store, an Esso petrol forecourt and a number of independent retailers. The area immediately surrounding is predominately residential.

Recreation facilities can be nearby at Plumstead Common.

DESCRIPTION:
An end terraced two storey building forming part of a busy neighbourhood shopping centre and which has trading as a laundrette for over 40 years. The property has been in the hands of our clients, who have decided to retire, since the 1990's.

GROUND FLOOR
A single entrance door leads in to the main rectangular shaped retail area of approximately 425 square feet / 39.5 square meters. Behind there is a kitchen of approximately 46 square feet / 4.3 square meters, a boiler room of 99 square feet / 9.2 square meters and a store room 97 square feet / 9 square meters.

The property includes a rear yard which can be accessed either from the shop or via Jago Road.

ACCOMODATION
Access is at the rear of the building via an external staircase up to a private entrance door leading in to a well-presented self-contained flat which we understand has recently been refurbished and decorated.

The accommodation comprises:
Fitted kitchen (101 square feet)
Lounge (205 square feet)
Double bedroom (118 square feet)
Bathroom (56 square feet)

ADDITIONAL COMMENTS:
The property is being sold chain free with full vacant possession, although if an applicant was keen on continuing with the laundrette business then our clients would be happy to discuss this further.
With Plumstead being an area of high demand, this opportunity may suit an investor or be ideal for an owner operator who wants the chance to add to an existing portfolio, start a new business venture or looking for office space.
The yard at the rear of the building may possibly offer development potential (STPP) so this opportunity could also suit a local developer.

TENURE:
We understand that the property is freehold. Guide Price £495,000

EPC:
148 Plumstead Common Road - D 64
148a Plumstead Common Road - D 62

RATES:
We understand that the rateable value is £5,900 per annum with rates payable of £2,099.37 per annum. Interested parties are advised to make their own enquiries with the relevant council.

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.