Investment for sale in Broadway, Bexleyheath, Kent
An unbroken freehold commercial building located on the Broadway in Bexleyheath. The detached building is laid out to provide two self-contained commercial units on the ground floor; one of which is let to a solicitors holding over at £11,200p/a. The other is let to a mini-cab office, the demise of which extends into the self-contained c.1,000 sqft upper parts. The cab office have 7 years remaining on their lease at a passing rent of £18,250p/a. The overall rent roll totals £29,450p/a; a figure which is certainly considerably less than even current market rents would suggest. The solicitors firm is holding over, whilst the mini-cab company are in arrears.
Whilst there is an income generated from the building, there appears to be a variety of ways to add value when we consider the potential of this 2,200 sqft building, and its large rear yard which also includes a single storey workshop.