Broadway, Bexleyheath Offers in Excess of £695,000

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3 JOINED SHOPS FREEHOLD FOR SALE
RARE TO MARKET (IN SAME OWNERSHIP FOR DECADES)
POTENTIALLY VALUABLE REVERSION ON TWO FLATS (71 years remaining)
RETURN FRONTAGE AND ATTRACTIVE COMMERCIAL UNIT
OPEN PLAN SHOP UNITS
WELL DECORATED THROUGHOUT
EXCELLENT PASSING TRADE
CAN BE SPLIT INTO 3 SHOPS (ERV £18,500 PER SHOP)
SELF CONTAINED FLATS ABOVE
MAY BENEFIT FROM A CHANGE OF USE (STPP)

***SOLD SOLD SOLD MORE FREEHOLDS REQUIRED*** Three large joint shops, 3,500 sq ft, 325 sq meters, Freehold for sale for Offers In Excess of £690,000. Rare to market.

Harpers & Co are delighted to present this superbly located and very large Freehold commercial property for sale. The property comprises three large and integrated shops of approximately 114 sq meters each.

This is the first time that this property has come to the open market in several decades and has been used as a large bed wholesale and retailer for the last few years. Occupying a principle position beginning of busy Broadway Bexleyheath, this large property has benefits from a return frontage, excellent passing trade and excellent vehicular traffic.

This will make a fantastic retail headquarters for a similar kind of operator such as furniture, beds, windows etc. and/or can be divided into three shops. Our own estimation is that each shop could command an Estimated Rental Value (ERV) of approximately £18,500 per annum.

Harpers & Co offers the Freehold of the above property which also has three flats which are sold on long leases, two of the flats has 71 year leases left on them with potentially valuable reversion. Applicants are urged to make their own enquiries with this regard.

LOCATION

Situated at the beginning of Bexleyheath Broadway, these triple fronted shops are within a short walk to Bexleyheath mainline train station and a short walk to pedestrianised precinct area of Broadway Bexleyheath where there are a multiple of national and international retailers such as Marks & Spencers. Primark, Macdonalds, Barclays, Natwest, Santander, Ryman etc.. This property is well located for good access onto the A2, M25 and Central London and is a very short walk (4 mins) to Bexleyheath mainline train station.

DESCRIPTION

Harpers & Co is delighted to offer this large commercial property comprising three A1 retail units comprising approximately 3,500 sq ft, 325 sq meters (Gross Internal Area). The property is well lit, open plan, and very well positioned in a principle location in the beginning of Broadway Bexleyheath. The Freehold of the above property is offered and the central entrance is accessed from 335 Broadway which then opens up to 333 on the left and 337 on the right. The units are all open plan and can be accessed from each side. The interior of the property is carpeted throughout, smooth plastered walls, hung ceiling and benefits from two combination gas boilers providing heating. This commercial property could also be divided into two or possibly three units and we anticipate each unit in isolation to command an Estimated Rental Value (ERV) of approximately £18,500 per annum on a fully repairing and insuring lease. Each unit is identical in size and has a build depth of approximately 19 meters and a build width of 5.9 meters. 335 & 337 has a kitchen prep area and a joint WC which services all three shops.

TERMS

The freehold of these three units are offered Freehold for sale for Offers In Excess of £690,000. Th three flats above have all been sold and 2 have 71 years left to run with potentially valuable reversion. The third flat has 118 years left. All three provide a peppercorn rent and it is the freeholders responsibility to collect insurance.

LEGAL COSTS

Each part to pay their own legal costs in this transaction.

RATES

Our own enquiries at the voa suggest a rateable value of approximately £28,000 and we understand the rate calculator is 0.49 p in the pound with an estimated rates payable of £13,720. Applicants are encouraged to make their own enquiries with this regard.