2 bed Flat For Sale £650,000
The Oval, Sidcup, DA15

Shop and Two Flats above for sale

Rarely available in the prime location of The Oval is this freehold shop with two flats above it with front access.

Previously operating as a retail shop, this property is suitable for a number of uses, subject to the appropriate consent.

The shop premises comprise a retail area of approximately 62 sq metres together with a store with access to a rear access road, a WC and kitchenette.

The first floor flat comprises a lounge, two double bedrooms, good sized kitchen, bathroom and WC. This is currently let on an assured shorthold tenancy at £1,425 per calendar month. The current tenants have indicated that they wish to stay.

The second floor flat comprises an open plan lounge/kitchen, double bedroom and bathroom. This is let on an assured shorthold tenancy at £875 per calendar month and again the tenant has indicated they wish to stay.

Interested parties should note the following:

The shop is freehold and the two flats are leasehold (with the landlord being the shop).

These are held on three separate titles however, these are to be sold as one transaction with all three properties completing on the same day, that is the shop will not be sold separately.

There will be a covenant on the premises for a period of 10 years from the date of purchase preventing it from operating as either:

an estate agent, letting agent or property management agent

or

a café, sandwich bar, coffee bar or restaurant opening before 2pm every day.

Viewing by appointment only with notice.

Agents Note: Under the Estate Agents Act 1979 we must disclose that there is a personal interest in the sale of this property linked to a member of our staff.