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Freehold building on a busy junction
Arranged as 4 commercial units with 8 flats above
All flats sold to Clarion Housing Association
All commercial units let to Dexters London Ltd for £88,000 per annum
Dexters London Ltd turnover is £108m and pre-tax profit is £17m
Oieo £1,000,000 f/h
A freehold commercial investment on a busy junction.
The building is arranged as 4 ground floor commercial units with 8 self-contained apartments above.
The ground floor commercial units are 430-432 Lee High Road which measures circa 947 sqft and is trading as Peter James Estate Agents, 2 Burnt Ash Hill which measures circa 355 sqft and is trading as Lee's Barbers, 4 Burnt Ash Hill which measures circa 355 sqft and is trading as Tattooooze, and 6 Burnt Ash Hill which measures 355 sqft and is trading as Willow Independent Funeral Services.
The commercial accommodation therefore measures a total of circa 2,012 sqft, and is arranged entirely over ground floor (no basement). Please note that all the commercial units benefit from rear access from Briggs Mews, via an alleyway which is included in the freehold title.
The tenant of all of the commercial units is Dexters London Limited. Their lease runs for 5 years from August 2021, and has no break options or rent reviews. See schedule (left) with details of their finances.
The 8 apartments (Stafford House) are arranged over the first and second floors, and accessed from Burnt Ash Road. They have all been sold on 125 year leases from August 2006, and therefore have approximately 110 years unexpired. The ground rent is peppercorn (nil) and the owners are Clarion Housing Association.
For more information about this property, please contact Acorn - Bromley Commercial, BR2 on +44 20 8115 7729 * (local rate)
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