Development for sale in -287 Bexley Road, Erith, Kent
A rare opportunity to acquire a substantial freehold site located between Bexleyheath and Erith. The subject property comprises a detached two storey commercial building measuring 6,200 sqft, which sits on a 0.18 acre plot. The site occupies a prominent position along a popular retail parade on Bexley Road.
The property is laid out to include two ground floor commercial units, and separately accessed upper parts which are vacant. The ground floor commercial units are let for £8,750pa & £32,000pa respectively, with one tenant holding over, and the other lease expiring in April 2023. The site can be sold with the tenants in situ, or with vacant possession before April 2023.
Offering refurbishment, active management & apparent development potential (stpp), the site is likely to appeal to investors and developers.