217/217a Broadway Bexleyheath London DA6 7EJ

217/217a Broadway
Bexleyheath
London
DA6 7EJ

Freehold Retail and Residential Ground Rent Investment

Shop let to Dignity Funerals Limited until February 2030
2025 tenant break option not exercised
Upper floors let on a long lease
Busy location close to ASDA, KFC, Pizza Express, Primark and several independent shops and cafes
Prominent position on Broadway (A221)

Lot
1
Auction
12th December 2024
Rent
£26,125 per Annum Exclusive
Status
Sold
Price
£325,000
Auction Venue
Live Streamed Auction

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Freehold Retail and Residential Ground Rent Investment

Shop let to Dignity Funerals Limited until February 2030
2025 tenant break option not exercised
Upper floors let on a long lease
Busy location close to ASDA, KFC, Pizza Express, Primark and several independent shops and cafes
Prominent position on Broadway (A221)

Lot 1
Auction 12th December 2024
Rent £26,125 per Annum Exclusive
Status Sold
Price £325,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 7.5 miles south east of Canary Wharf, 11 miles east of Central London
Roads: A2, A220
Rail: Bexleyheath Railway Station
Air: London Gatwick Airport, London City Airport

Situation

The property is prominently located on the southern side of Broadway (A221), a busy retailing thoroughfare and arterial route. Nearby occupiers include ASDA Superstore, KFC, Pizza Express, Primark and a number of local cafes and restaurants.

Tenure

Freehold.

Location

Miles: 7.5 miles south east of Canary Wharf, 11 miles east of Central London
Roads: A2, A220
Rail: Bexleyheath Railway Station
Air: London Gatwick Airport, London City Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor shop with residential accommodation on the upper two floors, let on a long lease.

VAT

VAT is applicable to this lot.

Note

The buyer will pay 1.5% +VAT of the purchase price towards the vendors costs in addition to the cost of the searches. Please see Special Conditions of Sale.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor shop with residential accommodation on the upper two floors, let on a long lease.

VAT

VAT is applicable to this lot.

Note

The buyer will pay 1.5% +VAT of the purchase price towards the vendors costs in addition to the cost of the searches. Please see Special Conditions of Sale.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m (2)	Floor Areas Approx sq ft (2)	Tenant	Term	Rent p.a.x.	Rent Review
Ground	Retail	104.20	(1,121)	DIGNITY FUNERALS LIMITED t/a Francis Chappell & Sons (1)	10 years from 11/02/2020	£26,000	11/02/2025
First Second	Residential	-	-	INDIVIDUAL	125 years from 25/03/2012	£125
Total		104.20	(1,121)			£26,125

(1) Dignity is one of the UK’s most trusted providers of Funeral Services and Prepaid Funeral Plans, serving over 800 local communities nationwide. Dignity owns over 800 funeral locations and operates 46 crematoria in the UK. (www.dignityfunerals.co.uk).
(2) Commercial floor areas provided by the VOA (www.voa.gov.uk).

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.