GROUND FLOOR CAFE
WITH RESIDENTIAL UPPER PARTS
FREEHOLD INVESTMENT FOR SALE
- Freehold Investment For Sale
- Subject to the existing tenancies
- Ground Floor Cafe with Residential upper parts
113 High Street, Penge, London, SE20 7DT
The property is situated in a prominent position in the High Street within an established parade comprising a mix of retail and commercial premises.
The property comprises a ground floor Cafe with the benefit of an A3 Licence currently operating as The Hard Edge Cafe together with a one bedroom flat above.
The ground floor comprises an open plan seating area with additional forecourt seating together with rear kitchen and storage/preparation areas.
There is rear access to the property which is useful in terms of deliveries.
At first floor level is a self-contained one bedroom flat.
THE APPROXIMATE NET INTERNAL AREAS ARE AS FOLLOWS
|Sales Area||33.44 sq m||360 sq ft|
|Kitchen||5.58 sq m||60 sq m|
|Rear Preparation and storage area||5.95 sq m||64 sq ft|
|Total||44.97 sq m||484 sq ft|
The ground floor is leased to Christian Breteche trading as The Hard Edge Cafe on effective full repairing and insuring terms expiring on 4th August 2021, subject to 5 yearly rent reviews at a current rent of £16,000 pax.
The first floor flat is let on an Assured Shorthold Tenancy currently let at £860 pcm.
The freehold interest is available for sale subject to the above tenancies. Offers are sought in the region of £475,000 plus VAT (if applicable), subject to Contract
According to the Government website the Rateable Value is £6,700 pa. The UBR for 2017/18 is 46.6p in the £.
Each party to be responsible for their own legal costs.
Energy Performance Certificate:
Full information available upon request.
Strictly by appointment with Sole Agents
Gildersleve & Payne Tel:020 8686 4400
Contact Nick Payne MRICS E: email@example.com
David Sutton BA (Hons) E: firstname.lastname@example.org
Property Misdescriptions Act 1991
Please note the agents have not carried out a survey, have not made planning enquiries nor tested any of the equipment, apparatus, fixtures, fittings, services or land and are therefore not able to verify their condition, or suitability for their purpose
Code of Practice
Applicants should be aware that the code of practice on commercial leases in England and Wales strongly recommends you seek professional advice from a qualified Surveyor, Solicitor or Licenced Conveyencer before agreeing or signing a Business Tenancy Agreement. The Code is available through professional institutions and trade associations or through the website www.leasingbusinesspremises.co.uk