freehold investment 131 lee road, blackheath london se3 9ds ... - Realla
FREEHOLD INVESTMENT SHOP AND BASEMENT PLUS THREE FLATS OVER POTENTIAL POSSESSION OF FIRST FLOOR FLAT GOOD LOCATION WITHIN ACTIVE RETAIL PARADE
ON THE OUTSKIRTS OF BLACKHEATH VILLAGE
131 LEE ROAD, BLACKHEATH LONDON SE3 9DS GUIDE £440,000 FREEHOLD Commercial Property Agents & Surveyors 7 Hare & Billet Road, Blackheath, London SE3 0RB Tel: 020 8852 6125 Fax: 020 8318 9794 Email: [email protected] www.johnpaynecommercial.com These particulars are believed to be correct, but their accuracy is not guaranteed and they do not constitute an offer or form part of any contract. John Payne Commercial and its employees have no authority to make any representation or give any warranty in relation to this property.
Location:
The property is situated on the east side of Lee Road close to the junction with Meadowcourt Road in an active secondary retail parade of shops with forecourts. Blackheath Village is approximately half a mile to the north and the Leegate shopping centre is a few 100 yards to the south.
Description:
A Victorian lock up shop premises with basement plus three selfcontained flats (ABC) accessed from a private mews. Two of the flats have been sold off on leases where the unexpired terms are 86 years and 93 years producing a total ground rent of £550.00 per annum. Flat B could be offered with vacant possession and planned over two levels with two bedrooms, lounge, kitchen and bathroom/w.c, at present let under an AST producing £12,000 per annum gross. The shop premises are occupied by Blackheath Flooring under a lease for a term of 10 years from May 2011 incorporating four yearly rent reviews. The rent as at May 2015 was agreed at £12,500 per annum. In addition, under the terms of the lease, the Lessee is required to pay a goodwill premium of £1200 per annum on a monthly basis and that arrangement will expire in May 2021. The total rent therefore equates to £13,700 per annum.
Business Rates:
Interested parties are advised to make their own enquiries to the Local Authority. The London Borough of Lewisham where the business rate multiplier is 47.1p in the £.
Service Charge:
For the shop premises £250 minimum, per annum. Flat B £1,255 per annum. Ground rent £300 per annum will rise to £1,500 per annum in 2034.
VAT:
Will not apply.
Legal Fees:
Each party to bear their own legal costs.
Viewing:
Strictly by appointment with JOHN PAYNE COMMERCIAL 020 8852 6125
JP/KL/LR131/C00425
ON THE OUTSKIRTS OF BLACKHEATH VILLAGE
131 LEE ROAD, BLACKHEATH LONDON SE3 9DS GUIDE £440,000 FREEHOLD Commercial Property Agents & Surveyors 7 Hare & Billet Road, Blackheath, London SE3 0RB Tel: 020 8852 6125 Fax: 020 8318 9794 Email: [email protected] www.johnpaynecommercial.com These particulars are believed to be correct, but their accuracy is not guaranteed and they do not constitute an offer or form part of any contract. John Payne Commercial and its employees have no authority to make any representation or give any warranty in relation to this property.
Location:
The property is situated on the east side of Lee Road close to the junction with Meadowcourt Road in an active secondary retail parade of shops with forecourts. Blackheath Village is approximately half a mile to the north and the Leegate shopping centre is a few 100 yards to the south.
Description:
A Victorian lock up shop premises with basement plus three selfcontained flats (ABC) accessed from a private mews. Two of the flats have been sold off on leases where the unexpired terms are 86 years and 93 years producing a total ground rent of £550.00 per annum. Flat B could be offered with vacant possession and planned over two levels with two bedrooms, lounge, kitchen and bathroom/w.c, at present let under an AST producing £12,000 per annum gross. The shop premises are occupied by Blackheath Flooring under a lease for a term of 10 years from May 2011 incorporating four yearly rent reviews. The rent as at May 2015 was agreed at £12,500 per annum. In addition, under the terms of the lease, the Lessee is required to pay a goodwill premium of £1200 per annum on a monthly basis and that arrangement will expire in May 2021. The total rent therefore equates to £13,700 per annum.
Business Rates:
Interested parties are advised to make their own enquiries to the Local Authority. The London Borough of Lewisham where the business rate multiplier is 47.1p in the £.
Service Charge:
For the shop premises £250 minimum, per annum. Flat B £1,255 per annum. Ground rent £300 per annum will rise to £1,500 per annum in 2034.
VAT:
Will not apply.
Legal Fees:
Each party to bear their own legal costs.
Viewing:
Strictly by appointment with JOHN PAYNE COMMERCIAL 020 8852 6125
JP/KL/LR131/C00425
