Property photos
Freehold
Guide price
£1,250,000
Property for sale
96-98 Sidcup High Street, Sidcup, Kent DA14Local area information
Property location
Nearby amenities
- Benedict House Preparatory School 0.2 miles
- West Lodge School 0.4 miles
- Sidcup 0.6 miles
- Albany Park 1.2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Sidcup to find out more about the local area.
Features and description
- Freehold
- 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
An opportunity to purchase a prominent freehold property located in the centre of Sidcup High Street comprising a large ground floor commercial unit and four flats on first and second floors which are sold off on a long leasehold basis.
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.
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.
More information
Listed by
Acorn - Bromley Commercial
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