This unique to market imposing corner unit is located on the busy Bexley Road in Northumberland Heath Erith. This main arterial road enjoys excellent footfall and vehicular trade. Bexley Road is 1.2 miles from Barhehurst mainline station with fats trains to London Bridge and Charring Cross and good vehicular access into Central London.
This detached corner unit in a previous incarnation was a detchaed house. In more recent times it has been used as a commercial conveneicne store with forceourt, retail shop to ground floor with store rooms to rear and several ancillary store rooms to the uppers. The ground floor is typical of a convenience store with a secure roller blind, advertising hoarding, lighting and several chiller cabinets. To the rear there is a small store room and the hub of the telephone mast which leads to the roof.
The first floor accessed from inside the shop to the rear is by way of a narrow staircase and provides 3 rooms all used for storage. The upper parts are in poor condition and could well benefit from updating and refurbishment.
The Freehold of the building is offered as a freehold investment for offers in the region of £375,000.00.
Current income is approximately £17,0000 but we are informed will shortly be in CIRCA £19500 POSSIBLY MORE.
This property is not elected for VAT and so no VAT is payable.
Each party is to pay their own legal costs in this transaction.
We are informed that the current tenant pays zero rates as the property falls under the rate able value and is eligible for small business rates relief. Applicants are advised to make their own enquiries to confirm this.
Harpers & Co Special Remarks
We love the potential that this rare to market unit has by way of rental uplift which is underway, huge development scope to the rear in the yard and especially as a precedent has been set opposite WITH THE ADJACENT BUILDING GETTING SEVERAL FLATS ON THE SAME PLOT.. An interesting lot requiring serious enquiries only.