Retail premises for sale in Blackfen Road, Sidcup DA15
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Rental Income: £22,500 p.a.
- Gross Initial Yield: 8.04%
- Let until November 2030. No breaks
- Rent review on 01.12.28 linked to rpi
- VAT is not applicable to this property
Property description
Gross Initial Yield: 8.04%
Rental Income: £22,500 p.a.
VAT is not applicable to this property
Comprises double fronted retail shop with allocated outdoor space at front
Nearby occupiers include Tesco Express, Costa Coffee, Coral Betting and Post Office, amongst number of local traders including estate agent, grocery store and more.
Property Description:
Comprises ground floor retail shop, with allocated outdoor space at front which is suitable for car parking or retail area, providing the following accommodation and dimensions:
Ground Floor: 53 sq m (570 sq ft)
Open plan retail, Storage, WC, Outdoor Space
Tenancy:
The property is at present let to Macies Ltd for a term of 7 Years from 1st December 2023 at a current rent of £22,500 p.a. And the lease contains full repairing and insuring covenants. Rent review on 01.12.28 linked to rpi. No breaks. Deposit held of £5,625.
Tenure:
Long Leasehold. Held on a 999 year lease from 22nd July 2024 at a ground rent of peppercorn.
Location:
Sidcup is an area of south-east London, England, primarily in the London Borough of Bexley. It is 11.3 miles south-east of Charing Cross, bordering the London Boroughs of Bromley and Greenwich. Sidcup Train Station provides the area with South-eastern services to London Charing Cross, London Cannon Street via Lewisham, Woolwich Arsenal, Dartford and Gravesend. East Rochester Way on the A2 road runs partly through the district, adjoining Blackfen Road. The road provides links to the Blackwall Tunnel and Kent. Situated on an established parade amongst the local shops and amenities of Blackfen Road. Nearby occupiers include Tesco Express, Costa Coffee, Coral Betting and Post Office, amongst number of local traders including estate agent, grocery store and more.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Blue Alpine Partners, W1G on +44 20 3641 9157 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blue Alpine Partners, and do not constitute property particulars. Please contact Blue Alpine Partners for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.