HUMMERSTONE & HAWKINS www.hummerstone.co.uk l

INVESTMENT OPPORTUNITY Est. 1925

FOR SALE

Investment opportunity / 337 Road Available on a 999 year lease. Lock up ‘E’ class premises held Northumberland Heath on a temporary licence agreement. Rental of £736.66 pcm which DA8 3EX equates to £8,839.92 per annum. Premises located on a busy and Tenure: VIRTUAL FREEHOLD popular shopping street. Modest rent being achieved / Rental: £125,000 possible scope for future increase. The current agreement ends May Hummerstone & Hawkins Tel: 0208 303 1061 2022 LOCATION: Northumberland Heath is a commuter suburb which is situated between and and located some 19 miles south-east of Central around 10 miles north-east of Bromley and 4 miles east of . There is good access to the main A2 trunk road which connects to the Dartford crossing and the M25 motorway.

The subject property is located on Bexley Road enjoying a fairly prominent corner position within an established parade. The premises benefits from a high volume of passing trade both vehicular and pedestrian. Northumberland Heath is a densely populated area and continues to be popular. The road enjoys near full occupancy.

DESCRIPTION: The subject property comprises a ground floor lock up ‘E’ class premises

Above and arranged over the first floor is a singular residential flat which IS NOT included in this sale as it is being retained by the freeholder.

The current use of 337 Bexley Road is as a beauty salon, trading as Diva’s Beauty.

There is a front forecourt which we wait confirmation upon as to if the area is included within the tenancy agreement demise.

INTERNAL DETAILS: A part glazed frontage incorporating a single entrance door under a signage leads into the main sales area. At the rear there is a storeroom which then leads through to a toilet.

APPROXIMATE MEASUREMENTS: Main floor area 30sq m / 323sq ft Storeroom 5.852sq m / 63sq ft Toilet

TENURE: 337 Bexley Road is held on a Short – Term Temporary Licence for a period of 12 months from the 2nd May 2021. The rental of £736.66 is paid monthly which equates to £8,839.92 per annum.

We are given to understand that the freeholder will be granting a new 999 year lease.

EPC:

LEGAL FEES: Each party are to be responsible for their own legal costs

VIEWING ARRANGEMENTS: No direct approach may be made to the property. For an appointment to view, please contact the agent. Hummerstone & Hawkins T: 0208 303 1061

These particulars are issued on the distinct understanding that all negotiations shall be conducted through Hummerstone & Hawkins, to whom the result of inspection should be communicated. Whilst every care is taken in their preparation, these particulars are in no way guaranteed to be correct and no tract. Responsibility cannot be accepted for inconvenience or loss viewing however caused, but appointments to view can be arranged by request.

These particulars are issued on the distinct understanding that all negotiations shall be conducted through Hummerstone & Hawkins, to whom the result of inspection should be communicated. Whilst every care is taken in their preparation, these particulars are in no way guaranteed to be correct and no tract. Responsibility cannot be accepted for inconvenience or loss viewing however caused, but appointments to view can be arranged by request.