A Mixed Use Mid Terrace Building (Both Flats and Office are Sold Off on Long Leases) with the Ground Floor Commercial Unit Let on a 12 year FRI Lease (Lock-Up Shop). Producing a Combined Income of £14,000 Per Annum

Tenure

Freehold

Location

The property is situated in the South East London area of Lewisham amongst local shops and amenities. The open spaces of Ladywell Fields are easily accessible. Transport links are provided by Ladywell rail station.

Accommodation

Ground Floor Lock-Up Shop GIA - 94 sq m Sold Off Upper Parts Flat A 125 year lease from 1986 Flat B 125 year lease from 1986 Office C 999 year lease from 2021

Planning

A planning application has been submitted to Lewisham Borough Council for the erection of a 2 storey rear extension to create 19 sq m of additional space on the ground and first floors under the temporary planning reference number: PP09406621v1YPB.

Rent reviews for the commercial unit due in 2016 and 2020 are outstanding. The seller has appointed a commercial surveyor to start the rent review process. The letter of appointment will be available in the legal pack.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.