west wickham - Linays Commercial
WEST WICKHAM 83/83A & 85/85A HIGH STREET BR4 0LS FREEHOLD FOR SALE – PRIME RETAIL AND RESIDENTIAL INVESTMENT CURRENT RENTAL INCOME £65,100 PER ANNUM EXCLUSIVE
Location West Wickham is an affluent suburb in the London Borough of Bromley situated on the A232 some 12 miles south-east of Central London and 5 miles east of Croydon. The property is situated in a prime position opposite Marks & Spencer Food. Surrounding occupiers include Starbucks, Card Factory, Savers and Cook. The properties are adjacent to the access to one of the principal town centre car parks.
Description The subject property comprises two adjoining buildings forming the end of a terrace arranged on ground and two upper floors. At ground floor there are two shop units 83 and 85 both set out to provide open plan sales area with rear ancillary storage. The upper parts comprise two selfcontained residential properties 83a and 85a, each offering lounge, kitchen/diner, bathroom/WC and two bedrooms. We are advised that the maisonette at 85a was refurbished in 2013. There is a shared service road to flank (85) and to the rear.
Accommodation (with approximate dimensions and floor areas)
Shop 83 (terrace) Frontage: 16’9 (5.11m ) Depth: 59’4 (18.09m ) Sales Area: 950 sq ft (88.26m² ) Storage/Warehouse area 400 sq ft (37.16m²) Kitchenette, ladies & gents WC Loading door to rear Shop 85 (end of terrace) Frontage 16’8 (5.08m) Depth 49’9 (15.16m) Sales Area: 800 sq ft (74.32m²) Staff area and cloakroom/WC Rear Store to loading area Upper Parts, 83a/85a: 2 x Two bedroom self-contained maisonettes.
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: 4484
Tenancies 83 High Street: Let upon a Full Repairing and Insuring lease expiring 28th September 2016 at a current rental of £20,000pax. The lease is granted outside the security provisions of the Landlord & Tenant Act 1954 (as amended). The tenant is an established trader who has occupied the property for some 12 years t/a Intersport. 83a High Street (Maisonette): Let upon an Assured Shorthold Tenancy. We are advised that the tenant has been in occupation since 2011 at a current rental of £825pcm (£9,900pax). 85 High Street: Let upon a Full Repairing and Insuring lease expiring December 2018 at a rental of £22,000pax to Owen Care Hearing Limited. The lease is granted within The Landlord & Tenant Act 1954 (as amended). 85a High Street (Maisonette) Let upon an Assured Shorthold Tenancy at a rental of £1,100pcm (£13,200pax). Current Rental Income: £65,100 per annum. Copies of the leases and tenancies granted are available on request.
Freehold Price
Commercial Energy Performance Certificate
Rating Assessment We understand from the Valuation Office Agency (VOA) website that the rates payable on the shop premises are as follows (2015/16 assessment). Shop 83 High Street: £8,504.25 Shop 85 High Street: £7,395.00 The maisonettes are both in Band C for Council Tax purposes. Interested parties are advised to check the actual rates liability with the local authority directly.
Viewings Available by prior appointment via Linays Commercial Limited.
Offers invited in excess of £1,250,000 (One Million, Two Hundred and Fifty Thousand Pounds), subject to the occupational leases granted.
VAT We have been advised by our clients that VAT will NOT be payable upon the sale price.
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
Location West Wickham is an affluent suburb in the London Borough of Bromley situated on the A232 some 12 miles south-east of Central London and 5 miles east of Croydon. The property is situated in a prime position opposite Marks & Spencer Food. Surrounding occupiers include Starbucks, Card Factory, Savers and Cook. The properties are adjacent to the access to one of the principal town centre car parks.
Description The subject property comprises two adjoining buildings forming the end of a terrace arranged on ground and two upper floors. At ground floor there are two shop units 83 and 85 both set out to provide open plan sales area with rear ancillary storage. The upper parts comprise two selfcontained residential properties 83a and 85a, each offering lounge, kitchen/diner, bathroom/WC and two bedrooms. We are advised that the maisonette at 85a was refurbished in 2013. There is a shared service road to flank (85) and to the rear.
Accommodation (with approximate dimensions and floor areas)
Shop 83 (terrace) Frontage: 16’9 (5.11m ) Depth: 59’4 (18.09m ) Sales Area: 950 sq ft (88.26m² ) Storage/Warehouse area 400 sq ft (37.16m²) Kitchenette, ladies & gents WC Loading door to rear Shop 85 (end of terrace) Frontage 16’8 (5.08m) Depth 49’9 (15.16m) Sales Area: 800 sq ft (74.32m²) Staff area and cloakroom/WC Rear Store to loading area Upper Parts, 83a/85a: 2 x Two bedroom self-contained maisonettes.
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: 4484
Tenancies 83 High Street: Let upon a Full Repairing and Insuring lease expiring 28th September 2016 at a current rental of £20,000pax. The lease is granted outside the security provisions of the Landlord & Tenant Act 1954 (as amended). The tenant is an established trader who has occupied the property for some 12 years t/a Intersport. 83a High Street (Maisonette): Let upon an Assured Shorthold Tenancy. We are advised that the tenant has been in occupation since 2011 at a current rental of £825pcm (£9,900pax). 85 High Street: Let upon a Full Repairing and Insuring lease expiring December 2018 at a rental of £22,000pax to Owen Care Hearing Limited. The lease is granted within The Landlord & Tenant Act 1954 (as amended). 85a High Street (Maisonette) Let upon an Assured Shorthold Tenancy at a rental of £1,100pcm (£13,200pax). Current Rental Income: £65,100 per annum. Copies of the leases and tenancies granted are available on request.
Freehold Price
Commercial Energy Performance Certificate
Rating Assessment We understand from the Valuation Office Agency (VOA) website that the rates payable on the shop premises are as follows (2015/16 assessment). Shop 83 High Street: £8,504.25 Shop 85 High Street: £7,395.00 The maisonettes are both in Band C for Council Tax purposes. Interested parties are advised to check the actual rates liability with the local authority directly.
Viewings Available by prior appointment via Linays Commercial Limited.
Offers invited in excess of £1,250,000 (One Million, Two Hundred and Fifty Thousand Pounds), subject to the occupational leases granted.
VAT We have been advised by our clients that VAT will NOT be payable upon the sale price.
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
