Offers in region of
£350,000
(£291.67/sq. ft)
Retail premises for saleWest Street, Erith DA8
1,200 sq. ft
About this property
Freehold retail unit and 1 bed flat above (street-level access) totalling 1,200
Ground floor is let to an independent retailer on a 15 years fr&I lease (no brea
Residential uppers consists of a 1-bed flat with kitchen, bathroom and living ro
Total rental income of £26,900 p.a.
Erith is an area in south-east London, 13 miles east of Charing Cross and near E
Description
- Freehold retail unit and 1 bed flat above (street-level access) totalling 1,200 sq ft
- Ground floor unit comprises of 650 sq ft and flat above is approximately 530 sq ft
- 1 bed flat consists of a kitchen, bathroom and living room
Tenancy
- Ground floor is let to an independent retailer on a 15 years fr&I lease (no breaks) commenced on July 2024 with a passing rent of £12,500 p.a.
- Rent reviews will be every 3 years
- The current tenant is considering changing the business to a restaurant, under the existing lease terms
- Residential uppers consists of a 1-bed flat with kitchen, bathroom and living room on a new AST for £14,400 p.a. (currently being signed)
- Total rental income of £26,900 p.a.
Location
- Erith is an area in south-east London, 13 miles east of Charing Cross and near Erith Overground station
- Nearby retailers include Sainsbury’s Local, McDonalds and other independent businesses
- Freehold retail unit and 1 bed flat above (street-level access) totalling 1,200 sq ft
- Ground floor unit comprises of 650 sq ft and flat above is approximately 530 sq ft
- 1 bed flat consists of a kitchen, bathroom and living room
Tenancy
- Ground floor is let to an independent retailer on a 15 years fr&I lease (no breaks) commenced on July 2024 with a passing rent of £12,500 p.a.
- Rent reviews will be every 3 years
- The current tenant is considering changing the business to a restaurant, under the existing lease terms
- Residential uppers consists of a 1-bed flat with kitchen, bathroom and living room on a new AST for £14,400 p.a. (currently being signed)
- Total rental income of £26,900 p.a.
Location
- Erith is an area in south-east London, 13 miles east of Charing Cross and near Erith Overground station
- Nearby retailers include Sainsbury’s Local, McDonalds and other independent businesses
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