Unit 2, 254 Blackfen Road, Sidcup, Kent, DA15

Property Details: • Type: 430 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • Rental Income: £19,500 p.a. • Gross Initial Yield: 8.13% • Let until November 2033. • Rent review on 15.11.28 linked to RPI

Location: • Nearest Station: Welling Station • Distance to Station: 1.0 miles

Agent Information: • Address: 54 Welbeck Street, London W1G 9XS

Full Description: Investment Consideration: Gross Initial Yield: 8.13% Rental Income: £19,500 p.a. VAT is NOT applicable to this property Comprises ground floor retail shop with allocated outdoor space at front Nearby occupiers include Tesco Express, Costa Coffee, Coral Betting and Post Office, amongst number of local traders including estate agent, grocery store and more.

Property Description: Comprises ground floor retail shop, with allocated outdoor space at front which is suitable for car parking or retail area, providing the following accommodation and dimensions: Ground Floor: 40 sq m (430 sq ft) Open plan retail, Storage, Outdoor Space

Tenancy: The property is at present let to an Individual t/a Barber Shop for a term of 10 Years from 15th November 2023 at a current rent of £19,500 p.a. and the lease contains full repairing and insuring covenants. Rent review on 15.11.28 linked to RPI. Tenant option to determine on 15.11.28 with min 6 months notice. Deposit held of £4,875.

Tenure: Long Leasehold. Held on a 999 year lease from 22nd July 2024 at a ground rent of peppercorn.

Location: Sidcup is an area of south-east London, England, primarily in the London Borough of Bexley. It is 11.3 miles south-east of Charing Cross, bordering the London Boroughs of Bromley and Greenwich. Sidcup Train Station provides the area with South-eastern services to London Charing Cross, London Cannon Street via Lewisham, Woolwich Arsenal, Dartford and Gravesend. East Rochester Way on the A2 road runs partly through the district, adjoining Blackfen Road. The road provides links to the Blackwall Tunnel and Kent. Situated on an established parade amongst the local shops and amenities of Blackfen Road. Nearby occupiers include Tesco Express, Costa Coffee, Coral Betting and Post Office, amongst number of local traders including estate agent, grocery store and more.