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 Available
Guide* £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
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.
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.
