Auction House London

Lot 29

Mixed Use - Commercial Property 

7 Gloucester Parade

Sidcup, Kent, DA15 8PS

£625,000+

Guide Price (plus fees)

A Freehold Commercial and Residential Investment Producing £56,510.40 Per Annum

Description

The property comprises a mid terrace building arranged to provide a ground floor shop, a one bedroom self-contained flat and a three bedroom HMO situated within a terraced building arranged over ground and two upper floors.

Location

The property is situated on an established parade amongst the local shops and amenities of Blackfen Road. Nearby multiples include Coral, Costa and numerous other local traders. Transport links are provided by Sidcup rail station.

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Rent
Shop Ground Shop Area Let on a commercial lease from 28th April 2017 £11,000.04 pa
Flat 1 Ground One Bedroom Flat Let on 18 month AST from 20/03/20 £13,800 pa
Flat 3 First Studio Room, Kitchenette, Bathroom Let on a 36 Month Tenancy from 27/08/20 £10,200 pa
Flat 4 Second Studio Room, Kitchenette Let on a 36 Month Tenancy from 9/6/20 £10,800 pa
Flat 5 Second Studio Room, Kitchenette Let on a 12 Month AST from 9/9/20 £10,710.36
Bathroom Second Shared Shower Room and WC N/A N/A

Additional Fees

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

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Open House Viewings: For further information, please register for the legal pack. For all enquiries, please contact Jordan Phillips at jordan@auctionhouselondon.co.uk
For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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Enquire about 7 Gloucester Parade, Blackfen Road, Sidcup, Kent, DA15 8PS

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