Retail property (high street)
Features and description
- Ground floor retail unit
- Central location
- Tenanted investment
- Achieving approx. £8,400
- Freehold of the full building
- (3x flats above sold to leasehold titles)
We are pleased to offer for sale by auction this ground floor retail unit. The property briefly comprises of a main sales area, treatment room and kitchen. The subject property is located along The Brent, Dartford. The property is well located along a mixed residential and commercial street with easy access to local amenities and transport links. We are advised the property is currently tenanted on a 6 year lease at £700PCM. Achieving an annual income of £8,400. The freehold title for sale also includes the three flats above, which have been sold off separately on long leasehold titles.
Please note we have not inspected this property.
Rooms
Location
The subject property is located along The Brent, Dartford. The property is well located along a mixed residential and commercial street with easy access to local amenities and transport links. The closest bus stop is outside of the property Dartford Train Station being a 10 minutes walk. The subject property is 20 miles east of London and 59 miles north of Eastbourne.
Accommodation
GROUND FLOOR:
Main sales area - 29.25sqm (315sqft)
Treatment room - 4.79sqm (52sqft)
Kitchen area - 3.69sqm (40sqft)
W.C.
Rateable Value
The adopted rateable value is £7,700 as of 1st April 2020.
Sourced from VOA.
Lease Details
We are advised the property is currently tenanted on a 6 year lease at £700PCM. Achieving an annual income of £8,400.
Long Leasehold Details
We are advised the freehold of the property includes three residential flats which have been sold off on Long Leaseholds.
Flat 5a - Long leasehold of 99y from 2007 with a ground rent of £200 per annum.
Flat 5b - Long leasehold of 125y from 2006 with ground rent of £25 per annum.
Flat 5c - Long leasehold of 125y from 2007 with a ground rent of £25 per annum.
Tenure
Freehold. Title number K636856.
EPC
Available upon request (rating D).
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