Commercial property for sale in 361 Bexley Road, Northumberland Heath, Kent DA8

A three storey end terraced building comprising shop to the ground floor which has the benefit of 4 car parking spaces plus two self-contained flats above (361a, 3 bedrooms & 361b, 2 bedrooms), both of which are let on AST's. And have the benefit of 2 car parking spaces each at the rear. The shop has been extremely well fitted out as a skin and lazer clinic and has an overall frontage of approximately 7.1m and a total depth of 15.7m. The lease provides for agreed stepped rent increases* whereby from September 2024, the rent will be £16,500 and from September 2025, it will be £18,000pa. For the remainder of the term.

Shop let on 10 year lease from 29th September 2020
shop lease is outside the L&T act 1954
current rent £15,000 pa with stepped increases*
flat A produces £1200 pcm - tenant holding over
flat B produces £960 pcm
total rental income therefore £40,920PA gross*
rent increases to £41,700 pa from September 24

Replacement UPVC double glazed windows