- FREEHOLD FOR SALE
- MIXED USE INVESTMENT
- ON THE OUTSKIRTS OF LEWISHAM
- SHOP + FLAT ON AST
The premises comprise a 3-storey building, with a shop unit to the ground floor, with a raised area, providing a kitchen/prep/storage to the rear, including a walk-in cold room and W.C facilities. The shop trades as a Delicatessen and is let on a 15 year FR&I lease from 2007 at a rent of £13,500 pax, with imminent rent review November 2019. The residential upper parts comprise a self-contained 2 bed maisonette, with lounge and kitchen to the first floor, along with 2 bedrooms and a shower room/W.C to the second floor. Whilst in need of some refurbishment/modernising, it has been let on an AST to the same tenant for the last 4 years, at a current rent of £1,100 pcm. TOTAL INCOME THEREFORE: £26,200 pa GROSS Retail area: 256 sq ft Kitchen/Prep/storage: 518 sq ft Self-contained residential Upper parts as per above description
The building is located on the Northern side of Lee High Road (A20) midway between both ends of Marischal Road and approximately 200 yards from Lewisham High Street/Lewisham Shopping Centre. Nearby occupiers include Lidl and Nando's plus multiples in the Shopping precinct such as M&S, Primark, TK Maxx, H&M and McDonalds. The area is well served by public transport, with numerous bus routes passing the property through to Eltham, Bromley and Leegate as well as the DLR station being approximately 300 yards away.