Neighbouring occupiers include Costa Coffee, Co-op Food, Coral, Betfred and Tesco Express
Lot 1
Auction 21st July 2021
Rent £16,125 per Annum Exclusive
Status Sold
Price £215,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
9 miles south-east of the City of London
Roads
A2, A205 (South Circular Road) M25
Rail
Falconwood Railway Station,
Sidcup Railway Station
Air
London City Airports , London Gatwick Airport, London Southend Airport
Situation
The property is situated in the centre of a well established parade of shops on the south side of the busy Blackfen Road (A210) approximately 1.5 miles south-east of Falconwood Railway Station. Neighbouring occupiers include Costa Coffee, Co-op Food, Coral, Betfred and Tesco Express.
Tenure
Freehold.
Location
Miles
9 miles south-east of the City of London
Roads
A2, A205 (South Circular Road) M25
Rail
Falconwood Railway Station,
Sidcup Railway Station
Air
London City Airports , London Gatwick Airport, London Southend Airport
Situation
The property is situated in the centre of a well established parade of shops on the south side of the busy Blackfen Road (A210) approximately 1.5 miles south-east of Falconwood Railway Station. Neighbouring occupiers include Costa Coffee, Co-op Food, Coral, Betfred and Tesco Express.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit and a residential flat on the first floor. The property benefits from a rear yard which could be extended into, subject to consents and from a forecourt.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
See legal pack.
Description
The property comprises a ground floor retail unit and a residential flat on the first floor. The property benefits from a rear yard which could be extended into, subject to consents and from a forecourt.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
See legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/ (Reversion)
Ground
Retail
60.55 sq m
(651 sq ft) (3)
BLOW LDN LIMITED t/a Blow London (Hairdressers)
10 years from 29/03/2021 (1)(2)
£16,000
29/03/2026) (28/03/2031)
First
Residential
Flat
INDIVIDUAL
125 years from 01/09/2008
£125
Total Commercial Floor Area
60.55 sq m
(651 sq ft) (3)
£16,125
(1) The lease provides for a tenant option to determine the lease on 29/03/2026 on serving 6 months notice. (2) The lease is excluded from the security of tenure provisions of the Landlord and Tenant Act 1954. (3) The above floor areas have been published by the Valuation Office Agency at https://www.tax.service.gov.uk/business-rates-find/valuations/18245390000
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.