West Street, Bexleyheath, DA7

For Sale - £675,000

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  • EXCELLENT SALE AND LEASEBACK OPPORTUNITY
  • LONG STANDING TENANT / ESTABLISHED SINCE 1954
  • RENTAL INCOME OF £50,000 PER ANNUM / 20 YEAR LEASE
  • YIELD OF 7.40% / EPC D - 77
  • COMPANY TURNOVER UPTO 31/12/17 £4,694,057

LOCATION:
The subject property is situated in a mixed commercial, industrial and residential road just off the busy Broadway around ¾ mile from the centre of Bexleyheath. West Street is one way in this location and runs northwards from the Broadway. The nearby businesses along the Broadway comprise a mix of mainly independent and specialist retailers. The Broadway is a main thoroughfare carrying traffic travelling to and from Bexleyheath town centre. The Broadway is also a main bus route. Bexleyheath 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 and also connecting to the M25 and Dartford Crossing

DESCRIPTION:
This is an industrial property which we understand was constructed circa 1994 as a warehouse / factory and offices. The property includes a mezzanine office and storage at first floor level covering part of the ground floor.

There is a raised roller shutter door to the front for deliveries plus a pedestrian entrance door with at the rear, and backing on to Princes Street further access and car parking spaces.

The ground floor is approximately 116' x 34'07'' (3,952 square feet / 367 square meters) with an area of this having a maximum ceiling height at around 20'02''.

The first-floor mezzanine is approaching 2,500 square feet / 232 square meters. The area comprises predominately of office space, including a meeting room plus some storage.

The property includes ladies and gents toilets on both ground and first floor levels.


TENANTS:
In our opinion a strong covenant is on offer in the form of 'The Marstan Press Limited'

The business is that of a litho and digital printers which has been established, and in the same family hands, since 1954.

The company website can be viewed at themarstanpress.co.uk

Upon viewing the company managing director, Martin Lett, will be happy to run through all details, and answer any questions relating to the business.

TENURE:
The terms that are being offered are in the way of a 20 year lease which will be inside the security provisions of the Landlord & Tenant Act 1954 Part II.

The commencing rental will be £50,000 per annum.

RATES:
The rates will be responsibility of the tenants.

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.

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.