Station Road, Sidcup Offers in the Region Of £625,000
- EXCELLENT FREEHOLD INVESTMENT
- RARE TO MARKET MIXED USE FREEHOLD
- 6.92% YIELD
- AWARD WINNING REATURANT ON GROUND FLOOR
- 2 SELF CONTAINED FLATS ABOVE
- GOOD CONDITION
- EXCELLENT LOCATION NEAR STATION
- BUSY TRADING AREA
SOLD TO INVESTOR FOR ABOVE ASKING PRICE. Harpers produced massive interest for this Freehold Investment building producing offers at the asking price.
Harpers & Co are delighted to offer this rare to market large property comprising a high spec and award winning restaurant on the ground floor with a passing rent of £18,000 per annum (Lease 2015 to 2025). On the first floor with rear self contained access are two self contained flats producing a further £13,800 per annum for the 2 bedroom and £11,400.00 per annum for the one bedroom flat.
Total Gross income per annum is £43,200.00 representing a potential yield of 6.92% BUSINESS NOT AFFECTED.
Viewings by appointment only through Sole Agents Harpers & Co on 01322 524425.
This excellent and rare to market Freehold Investment is located on the busy Station Road of Sidcup, a prominent high Street within 500 metres of Sidcup Mainline Train station. Station Road provides a main arterial route in to busy and popular Sidcup and is nearly opposite to a large travel lodge, the Rose Burford Colleg and Campus and a plethora of national retailers and solicitors offices.
This property comprises 3 self contained units: 1) a self contained A3 restaurant successfully trading as Hello Burger producing a passing rent of £18,000 per annum on a fully repairing and insuring lease with 8 years left to run inside the 1954 LTA Act. 3 yearly rent reviews Gross internal area approx 800 sq ft. 2) 1 x 2 bed flat self contained with rear access Let on a Assured Shorthold Tenancy Agreement producing a rent of £1150 per calendar month and £13,800 per annnum. 3) 1 x1 bedroom flat currently also Let on an AST producing £950 pcm. The condition of each of the units both commercial and residential is high and this would make an excellent investment.
Freehold For Sale as an Investment and offers in excess of £625,000 are sought from serious inquiries only. RESTAURANT BUSINESS NOT AFFECTED. Viewings by appointment only through Sole Agents Harpers & Co on 01322 524425
Applicants are encouraged to make their own enquiries for the current rates and council tax allocations or each of the properties. Go to www.voa.gov.co.uk
This property has been elected for VAT so VAT will be payable but can be redeemed by the buyer if they are VAT rated.
Each party is to pay their own legal fees in this transaction.
Harpers & Co Special Remarks
This is an excellent property in a very strong location providing a mixed use investment with high yields and with a strong covenant on the ground floor and two self contained flats that will always let opposite a train station. There is not much to like about this property and we anticipate string interest from the savvy investor.
Sidcup DA15 7DU