Retail premises for sale in Croydon Road, Beckenham BR3

Description

The property comprises a double fronted mid terrace retail shop with residential upper parts which are sold on long leases.
To the rear of the property is a lock up garage which connects internally to the back of the shop. The garage is accessed from a shared service road .
Access to Flat 271A is via the front of the shop which leads to an external staircase situated to the rear of the shop unit.
Flat 273A is accessed independently via the service road to the rear into a small garden area.

Location

The property is located in a neighbourhood shopping location in Beckenham in the London Borough of Bromley, approximately 9.5 miles to the south of Central London. Croydon Road runs between Elmers End to the south and Beckenham town centre to the north. Beckenham Junction mainline railway station is approximately 1 mile away

Accommodation

The ground floor shop has an approximate net internal floor area of:- 122.6 sq. M (1,320 sq. Ft).

Business rates

2023 Rateable Value: £26.750

Tenure
freehold

Subject to the following leases:
Ground Floor Shop: Lease for a term of 12 years from 24th December 2015. Current passing rent £14,000 pa. Rent reviews outstanding from 24/12/2018 & 24/12/2022. The lease is contracted inside the Landlord & Tenant Act 1954.
271A Croydon Road: 99 year lease from 29th September 2002 at a ground rent of £100 pa for the first 33 years and doubling thereafter.
273A Croydon Road: 99 year lease from 29th September 2002 at a ground rent of £100 pa for the first 33 years and doubling thereafter.

Price

Offers in the region of £400,000

Energy performance rating

To be confirmed.