343 Lee High Road, Lee, London, SE12 8RU

  • FREEHOLD INVESTMENT
  • GROUND FLOOR OFFICES (LOW RENT OF £9,950 PA)
  • PLUS TWO SELF-CONTAINED FLATS ABOVE (SOLD ON LONG LEASES)
  • Freehold

Description

A freehold ground floor office premises approximately 520 sq ft plus kitchen and toilet facilities. There is a rear area plus pedestrian walkway for fire exit. There are two self-contained flats about both of which have been sold off on long leases producing a total of £300 per annum. The ground floor trades as South East Residential Estate Agency and is holding over under a lease for 5 years from July 2013 subject to review in July 2016. The rent under that lease was £9,950 pa and has not been reviewed. The tenant is currently paying £1,200 per month (£14,400 per annum) in order to cover his arrears. ERV of Ground Floor £12,000 per annum

Location

Situated on the main A20 trunk road into Lewisham which lies approximately 1 mile to the west and literally across the road from the site of the new Lee Shopping Precinct.