Offers over
£500,000
Property for sale277 Main Road, Sidcup, Kent DA14
Just added
About this property
Freehold mixed-use investment in Sidcup for sale
Comprises commercial unit and 3-bedroom flat
Opportunity for vacant possession
Producing £33,930 per annum
0.9 miles from Sidcup & New Eltham stations
Offers in excess of £500,000
This three-storey, mixed use freehold building, comprises a ground floor commercial unit and a self-contained three-bedroom flat in the upper parts. The property is currently fully let, generating £33,930pa, however through active management there is potential to increase the rent, with yearly rent increases of 5% agreed on the commercial unit and the possibility of an increase on the residential rents.
The commercial unit is let on a licence of 5 years from 1st April 2023 starting at £12,600 per annum with annual increases of 5%. The current rent is now at £13,230 as of 1st April 2025. The license is subject to three months' notice from both the tenant and the landlord.
The residential part comprises a three-bedroom flat currently let on an AST until 31st December 2025. The current rent payable is £1,725 per calendar month.
Copies of the AST and license agreement are available upon request
The commercial unit is let on a licence of 5 years from 1st April 2023 starting at £12,600 per annum with annual increases of 5%. The current rent is now at £13,230 as of 1st April 2025. The license is subject to three months' notice from both the tenant and the landlord.
The residential part comprises a three-bedroom flat currently let on an AST until 31st December 2025. The current rent payable is £1,725 per calendar month.
Copies of the AST and license agreement are available upon request
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