Brockley Rise, London Offers in Excess of £245,000

Brockley Rise is located adjacent to the busy Stanstead Road and South Circular (A21). The property is in close proximity to Catford Bridge, Catford and Forest Hill Train stations all providing fast links to Central London. Excellent vehicle links to the A2, M25 and Central London. This property enjoys good footfall and excellent passing vehicular traffic and occupies a highly visible corner position.

This property is approx 57.4 sq meters (617 sq ft). The shop comprises a powdered aluminum shop front with central positioned door which leads into a fully floor and wall tiled Cafe which provides seating for approximately 28 covers. This Cafe is completed in a traditional way whereby there is a coffee and tea serving counter with a separate cold drinks dispenser which then leads into a fully functional and closed off kitchen area with an incorporating serving hatch. The kitchen area is fully functional with a hot plate, several valentines chip fryers and a full stainless steel extraction unit mounted into the ceiling. To the rear of this property there is a storeroom / preparation room adjacent to a WC and a rear door with leads into a pedestrian pathway which leads to both the self contained above and have their own exterior and rear access.

This property is offered Freehold for Sale as an investment and is offered for Offers of Excess of £235,000. Applicants are advised to note that there are approximately 10 years left on the fully repairing and insuring lease which has been offered inside the 1954 Landlords and Tenants Act, a current passing rent of £14,250 pa. There is also an additional income of £2000 pa from the flank advertising board and an additional ground rent from the 2 flats which are peppercorn and £50 each from both flats. Its is important to note that one of the flats has 71 years remaining with the other having 118 years. It is therefore considered that the first flat has some reversionary potential and there is potential extension of the lease.

Each party to pay their own Legal cost in this transaction.

This property is not elected for VAT

We are advised by the Valuation Office that as of 2015 the rates payable on this unit are approx £5900 pa and applicants are advised to make their own enquiries as to whether they are eligible for small business rates relief.