DA8 361 Bexley Road, Northumberland Heath

A three storey end terraced building comprising shop to the ground floor which has the benefit of 4 car parking spaces plus two self-contained flats above (361a , 3 bedrooms & 361b, 2 bedrooms), both of which are let on AST's. and have the benefit of 2 car parking spaces each at the rear. The shop has been extremely well fitted out as a skin and lazer clinic and has an overall frontage of approximately 7.1m and a total depth of 15.7m. The lease provides for agreed stepped rent increases* whereby from September 2024, the rent will be ?16,500 and from September 2025, it will be ?18,000pa. for the remainder of the term.

SHOP LET ON 10 YEAR LEASE FROM 29th SEPTEMBER 2020

SHOP LEASE IS OUTSIDE THE L&T ACT 1954

CURRENT RENT ?15,000 PA WITH STEPPED INCREASES*

FLAT A PRODUCES ?1200 PCM - TENANT HOLDING OVER

FLAT B PRODUCES ?960 PCM

TOTAL RENTAL INCOME THEREFORE ?40,920PA GROSS*

RENT INCREASES TO ?41,700 PA FROM SEPTEMBER 24

REPLACEMENT UPVC DOUBLE GLAZED WINDOWS

8 CAR PARKING SPACES.

Situated on the East side of Bexley Road close to the intersection with Colyers Lane from where there is access into the rear car park. Other shops in the parade include Electrics Shop, sandwich bar, funeral directors, newsagents and a beauty parlour. This is a busy main road position on the outskirts of Barnehurst and Bexleyheath.

Shop Lease to Sept 2030

Shop Rent Inc £15,000 pa

2 Flats Rent Inc £2,175 pm

8 car spaces

Rental Income £42,300 pa