petts wood - Linays Commercial
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PETTS WOOD 172-174 PETTS WOOD ROAD BR5 1LG FREEHOLD FOR SALE – RETAIL & RESIDENTIAL INVESTMENT
Location Petts Wood lies just to the North of Orpington and to the South East of Bromley. The subject property is situated in a prominent position within an established shopping parade only a short distance from Station Square and Petts Wood mainline railway station. Surrounding occupiers comprise a mixture of retail, office and catering establishments.
Description Accommodation/Tenancies The property comprises a mid-terrace, double fronted shop unit with rear extension providing a front sales area, rear ancillary storage and sales plus kitchenette and cloakroom/WC. The shop unit has the benefit of a front forecourt and rear loading bay accessed via a shared service road. There is a separate and private entrance to a selfcontained two bedroom flat (not inspected) and it is considered by our clients that the property offers considerable development potential and scope for the enhancement and extension of the existing building.
(with approximate dimensions and floor areas)
Shop Internal Width Internal Depth Retail Area Approx. Storage/ancillary sales Kitchenette Cloakroom/WC
21’6 42’5 800 sq ft 485 sq ft
6.55m 12.92m 74.32m² 45.05m²
First Floor Self-contained maisonette with private entrance from Petts Wood Road leading to a hallway and landing with lounge, two bedrooms, kitchen and bathroom/WC.
THE PROPERTY MISDESCRIPTIONS ACT 1991 The agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order of fit for the purpose. Prospective Purchasers/Lessees are advised to obtain verification from their Solicitor or Surveyor. References to the tenure of this property are based on information supplied by our Clients. The Agent has not had sight of the Title Documents and prospective Purchasers/Lessees are advised to obtain verification from their Solicitor. These Particulars do not form, nor form any part of, an offer or contract. Neither Linays Commercial nor any of their employees has any authority to make or give further representations or warranties to the property
Ref: 4450
Price
Commercial Energy Performance Certificate
Offers invited in excess of £500,000 subject to the occupational tenancies.
Tenancies The ground floor is let upon a full repairing and insuring lease for a term of 5 years from September 2015 at the following rental amounts Year 1: £21,000 pax Year 2 (Sep 2016): £21,600 pax, Year 3 (Sep 2017): £22,000 pax, Year 4 (Sep 2018): £22,500 pax Year 5 (Sep 2019) £23,000 pax. The lease incorporates a tenant only break clause operable upon 6 months prior written notice and effective from September 2018. The first floor residential flat is let upon an Assured Shorthold Tenancy at a rental of £850 per calendar month. The total annual rental income is thus £31,200 inclusive increasing annually from Sept 2016 onwards.
Notes/VAT NB: A copy of the lease in respect of the ground floor shop unit and a copy of the Assured Shorthold Tenancy document are available upon request. VAT: We have been advised by our clients that VAT will NOT be payable upon the rental amount.
Viewings Rating Assessment We understand from the Valuation Office Agency (VOA) website that the rates payable on the shop premises are £7,148.50 (2014/15 assessment). The first floor maisonette is in Band C for Council Tax purposes. Interested parties should check the actual rates liability with the local authority directly.
Available by prior appointment via Linays Commercial Limited.
Contact: Adrian Tutchings Mandeep Cheema
Email: [email protected] [email protected]
THE PROPERTY MISDESCRIPTIONS ACT 1991 The agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order of fit for the purpose. Prospective Purchasers/Lessees are advised to obtain verification from their Solicitor or Surveyor. References to the tenure of this property are based on information supplied by our Clients. The Agent has not had sight of the Title Documents and prospective Purchasers/Lessees are advised to obtain verification from their Solicitor. These Particulars do not form, nor form any part of, an offer or contract. Neither Linays Commercial nor any of their employees has any authority to make or give further representations or warranties to the property
PETTS WOOD 172-174 PETTS WOOD ROAD BR5 1LG FREEHOLD FOR SALE – RETAIL & RESIDENTIAL INVESTMENT
Location Petts Wood lies just to the North of Orpington and to the South East of Bromley. The subject property is situated in a prominent position within an established shopping parade only a short distance from Station Square and Petts Wood mainline railway station. Surrounding occupiers comprise a mixture of retail, office and catering establishments.
Description Accommodation/Tenancies The property comprises a mid-terrace, double fronted shop unit with rear extension providing a front sales area, rear ancillary storage and sales plus kitchenette and cloakroom/WC. The shop unit has the benefit of a front forecourt and rear loading bay accessed via a shared service road. There is a separate and private entrance to a selfcontained two bedroom flat (not inspected) and it is considered by our clients that the property offers considerable development potential and scope for the enhancement and extension of the existing building.
(with approximate dimensions and floor areas)
Shop Internal Width Internal Depth Retail Area Approx. Storage/ancillary sales Kitchenette Cloakroom/WC
21’6 42’5 800 sq ft 485 sq ft
6.55m 12.92m 74.32m² 45.05m²
First Floor Self-contained maisonette with private entrance from Petts Wood Road leading to a hallway and landing with lounge, two bedrooms, kitchen and bathroom/WC.
THE PROPERTY MISDESCRIPTIONS ACT 1991 The agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order of fit for the purpose. Prospective Purchasers/Lessees are advised to obtain verification from their Solicitor or Surveyor. References to the tenure of this property are based on information supplied by our Clients. The Agent has not had sight of the Title Documents and prospective Purchasers/Lessees are advised to obtain verification from their Solicitor. These Particulars do not form, nor form any part of, an offer or contract. Neither Linays Commercial nor any of their employees has any authority to make or give further representations or warranties to the property
Ref: 4450
Price
Commercial Energy Performance Certificate
Offers invited in excess of £500,000 subject to the occupational tenancies.
Tenancies The ground floor is let upon a full repairing and insuring lease for a term of 5 years from September 2015 at the following rental amounts Year 1: £21,000 pax Year 2 (Sep 2016): £21,600 pax, Year 3 (Sep 2017): £22,000 pax, Year 4 (Sep 2018): £22,500 pax Year 5 (Sep 2019) £23,000 pax. The lease incorporates a tenant only break clause operable upon 6 months prior written notice and effective from September 2018. The first floor residential flat is let upon an Assured Shorthold Tenancy at a rental of £850 per calendar month. The total annual rental income is thus £31,200 inclusive increasing annually from Sept 2016 onwards.
Notes/VAT NB: A copy of the lease in respect of the ground floor shop unit and a copy of the Assured Shorthold Tenancy document are available upon request. VAT: We have been advised by our clients that VAT will NOT be payable upon the rental amount.
Viewings Rating Assessment We understand from the Valuation Office Agency (VOA) website that the rates payable on the shop premises are £7,148.50 (2014/15 assessment). The first floor maisonette is in Band C for Council Tax purposes. Interested parties should check the actual rates liability with the local authority directly.
Available by prior appointment via Linays Commercial Limited.
Contact: Adrian Tutchings Mandeep Cheema
Email: [email protected] [email protected]
THE PROPERTY MISDESCRIPTIONS ACT 1991 The agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order of fit for the purpose. Prospective Purchasers/Lessees are advised to obtain verification from their Solicitor or Surveyor. References to the tenure of this property are based on information supplied by our Clients. The Agent has not had sight of the Title Documents and prospective Purchasers/Lessees are advised to obtain verification from their Solicitor. These Particulars do not form, nor form any part of, an offer or contract. Neither Linays Commercial nor any of their employees has any authority to make or give further representations or warranties to the property
