Available
London DA15 – 3 Retail Shops
Units 1,2,3, 254 Blackfen Road, Sidcup DA15 8PWVirtual Freehold Retail Investment
Price
£795,000
Rent P.A.
£67,000
Yield
8.43%
Tenure
Leasehold
Lease Term
10 Years
Years Left on Lease
8y 10m
Area
1,710 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Each unit let on 7/10 year leases from 2023
- Rent reviews linked to RPI every 5 years
- Comprises retail parade of 3 ground floor shops
- Each shop newly fitted out in 2023
- Nearby occupiers include Tesco Express, Costa Coffee, Coral Betting and Post Office, amongst number of local traders including estate agent, grocery store and more.
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
Unit 1:
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
Unit 2:
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: 40 sq m (430 sq ft)
Open plan retail, Storage, Outdoor Space
Unit 3:
Comprises ground floor corner shop, with allocated outdoor space at front which is suitable for car parking or retail area, providing the following accommodation and dimensions:
Ground Floor: 66 sq m (710 sq ft)
Open plan retail, Storage, Outdoor space
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
Unit 2:
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: 40 sq m (430 sq ft)
Open plan retail, Storage, Outdoor Space
Unit 3:
Comprises ground floor corner shop, with allocated outdoor space at front which is suitable for car parking or retail area, providing the following accommodation and dimensions:
Ground Floor: 66 sq m (710 sq ft)
Open plan retail, Storage, Outdoor space
Tenancy Description
Tenure:
Long Leasehold. Held on a 999 year lease from 22nd July 2024 at a ground rent of peppercorn.
Long Leasehold. Held on a 999 year lease from 22nd July 2024 at a ground rent of peppercorn.
Tenancies & Accommodation
Location Description
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.
