96-98 Sidcup High Street, Sidcup, Kent
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Mixed use property for sale
Key features
- Prominent freehold for sale in Sidcup
- Comprising Ground Floor Bar/Restaurant & Four flats
- Commercial let for to Loungers for £85,000 p/a (13 years unexpired)
- Flats sold off on long leasehold basis
- C.54 years remaining on residential leases
- Guide Price - £1.25m
Description
The Ground floor commercial unit is currently let to Loungers UK Limited on a brand new 15-year FRI lease from January 2024 and therefore has 13 years unexpired at a current passing rent of £85,000 per annum with 5 yearly upward only, market rent reviews (January 2029 & January 2034). The four flats which are located across first and second floor levels offer reversionary value as they are owned on 99-year leases which commenced in September 1980 meaning they currently have 54 years unexpired.
Brochures
96-98 Sidcup High Street, Sidcup, Kent
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Sidcup Station0.5 miles
- Albany Park Station1.2 miles
- New Eltham Station1.5 miles
Notes
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