Property photos
Fixed price
£995,000
(£457.89/sq. ft)
Retail premises for sale
Blackfen Road, Sidcup DA152,173 sq. ft
Local area information
Property location
Nearby amenities
- Days Lane Primary School 0.4 miles
- Blackfen School for Girls 0.4 miles
- Welling 1 mile
- Sidcup 1.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Welling and Avery Hill to find out more about the local area.
Features and description
- Comprises retail parade of 3 shops and 1 two-storey workshop
- Rental Income: £82,000 p.a.
- Gross Initial Yield: 8.24%
- Each unit let on 7/10 year leases from 2023
- Rent reviews linked to rpi every 5 years
- Each shop newly fitted out in 2023
- VAT is not applicable to this property
Investment Consideration:
Gross Initial Yield: 8.24%
Rental Income: £82,000 p.a.
Each unit let on 7/10 year leases from 2023
Rent reviews linked to rpi every 5 years
VAT is not applicable to this property
Comprises retail parade of 3 ground floor shops and 1 two-storey workshop, situated at a gated courtyard at rear of the shops
Each shop newly fitted out in 2023
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:
Unit 1:
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: 53 sq m (570 sq ft)
Open plan retail, Storage, WC, Outdoor Space
Unit 2:
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
Unit 3:
Comprises ground floor corner shop, with allocated outdoor space at front which is suitable for car parking or retail area, providing the following accommodation and dimensions:
Ground Floor: 66 sq m (710 sq ft)
Open plan retail, Storage, Outdoor space
Unit 5:
Comprises two-storey workshop currently used as a storage. The property is accessed via private gated courtyard and provides the following accommodation and dimensions:
Workshop: 43 sq m (463 sq ft)
Ground Floor: Open plan workshop
First Floor: Open plan workshop
Tenancy:
Unit 1:
The property is at present let to Macies Ltd for a term of 7 Years from 1st December 2023 at a current rent of £22,500 p.a. And the lease contains full repairing and insuring covenants. Rent review on 01.12.28 linked to rpi. No breaks. Deposit held of £5,625.
Unit 2:
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.
Unit 3:
The property is at present let to Lumi Skin London Ltd t/a Sunbed Shop (with personal guarantee) for a term of 7 Years from 15th December 2023 at a current rent of £25,000 p.a. And the lease contains full repairing and insuring covenants. Rent review in December 2028 linked to rpi. No breaks. Deposit held of £6,250.
Unit 5:
The property is at present let to an Individual t/a Dry Storage for nearby restaurant for a term of 10 Years from 15th November 2023 at a current rent of £15,000 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 £3,750.
Lease within Landlord & Tenant Act 1954.
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.
Gross Initial Yield: 8.24%
Rental Income: £82,000 p.a.
Each unit let on 7/10 year leases from 2023
Rent reviews linked to rpi every 5 years
VAT is not applicable to this property
Comprises retail parade of 3 ground floor shops and 1 two-storey workshop, situated at a gated courtyard at rear of the shops
Each shop newly fitted out in 2023
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:
Unit 1:
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: 53 sq m (570 sq ft)
Open plan retail, Storage, WC, Outdoor Space
Unit 2:
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
Unit 3:
Comprises ground floor corner shop, with allocated outdoor space at front which is suitable for car parking or retail area, providing the following accommodation and dimensions:
Ground Floor: 66 sq m (710 sq ft)
Open plan retail, Storage, Outdoor space
Unit 5:
Comprises two-storey workshop currently used as a storage. The property is accessed via private gated courtyard and provides the following accommodation and dimensions:
Workshop: 43 sq m (463 sq ft)
Ground Floor: Open plan workshop
First Floor: Open plan workshop
Tenancy:
Unit 1:
The property is at present let to Macies Ltd for a term of 7 Years from 1st December 2023 at a current rent of £22,500 p.a. And the lease contains full repairing and insuring covenants. Rent review on 01.12.28 linked to rpi. No breaks. Deposit held of £5,625.
Unit 2:
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.
Unit 3:
The property is at present let to Lumi Skin London Ltd t/a Sunbed Shop (with personal guarantee) for a term of 7 Years from 15th December 2023 at a current rent of £25,000 p.a. And the lease contains full repairing and insuring covenants. Rent review in December 2028 linked to rpi. No breaks. Deposit held of £6,250.
Unit 5:
The property is at present let to an Individual t/a Dry Storage for nearby restaurant for a term of 10 Years from 15th November 2023 at a current rent of £15,000 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 £3,750.
Lease within Landlord & Tenant Act 1954.
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.
Floor plans and tours
Floor plans (4)
More information
Listed by
Blue Alpine Partners
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