126 Burnt Ash Road, Lee, London, SE12 8PU

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  • FREEHOLD INVESTMENT
  • OPPOSITE LEE RAILWAY STATION
  • LET TO HAIR SALON PRODUCING £15,000 PA
  • SHOP & BASEMENT + SELF-CONTAINED FLAT

Description

A substantial 4 storey Victorian building comprising a shop and basement plus self-contained flat above. There is a service road providing access to the rear. The shop trades as Gossips hair salon and the tenant has been in occupation for many years. Their current lease is for a term of 10 years inside the L&T Act 1954 and expires June 2025. The rent is £15,000 pa without further review. The basement area is used as beauty/therapy rooms and there is a single storey rear extension. Good potential for residential extension in the future. The upper part has been sold on a lease for a term of 149 years from 25th March 1991 therefore having some 117 years unexpired at a ground rent of £45pa. GOOD CLEAN INVESTMENT, LONG STANDING TENANT, RESIDENTIAL POTENTIAL (StoP), REAR ACCESS VIA SERVICE ROAD.

Location

Situated in a popular retail parade in a densely populated residential area opposite Lee Railway station (London Bridge & Charing Cross approximately 15 minutes). Bromley lies approximately 3.5 miles to the south and Lewisham town centre 1.3 miles to the northwest. Bus routes pass the door directly into Lewisham and Blackheath village.