Popular
Total views: 2500+
Map
Area statsGuide price
£1,250,000Mixed use for sale
96-98 Sidcup High Street, Sidcup, Kent
Mixed use
Key information
Tenure: Freehold
Council tax: Ask agent
Features and description
- Prominent freehold for sale in Sidcup
- Comprising Ground Floor Bar/Restaurant & Four flats
- Commercial let for to Loungers for £85,000 p/a (13 years unexpired)
- Flats sold off on long leasehold basis
- C.54 years remaining on residential leases
- Guide Price - £1.25m
An opportunity to purchase a prominent freehold property located in the centre of Sidcup High Street comprising a large ground floor commercial unit and four flats on first and second floors which are sold off on a long leasehold basis.
The Ground floor commercial unit is currently let to Loungers UK Limited on a brand new 15-year FRI lease from January 2024 and therefore has 13 years unexpired at a current passing rent of £85,000 per annum with 5 yearly upward only, market rent reviews (January 2029 & January 2034). The four flats which are located across first and second floor levels offer reversionary value as they are owned on 99-year leases which commenced in September 1980 meaning they currently have 54 years unexpired.
The Ground floor commercial unit is currently let to Loungers UK Limited on a brand new 15-year FRI lease from January 2024 and therefore has 13 years unexpired at a current passing rent of £85,000 per annum with 5 yearly upward only, market rent reviews (January 2029 & January 2034). The four flats which are located across first and second floor levels offer reversionary value as they are owned on 99-year leases which commenced in September 1980 meaning they currently have 54 years unexpired.
Property information from this agent
Area statistics
Crime score
High crime
7/10
About this agent
As one of London and Kent's most successful property companies with 35 years experience and 40 offices, we strive to deliver a service that is unparalleled by our competitors. Our team appreciate that your home is likely to be your most treasured asset. Therefore whether we are selling, letting or assisting in a purchase, our priority is to ensure each client is treated with care and consideration.