277 Main Road, Sidcup, Kent Mixed use for sale

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277 Main Road, Sidcup, Kent Mixed use for sale

277 Main Road, Sidcup, Kent
£500,000

Our Summary

  • The property is currently fully let, generating £33,930pa, however through active management there is potential to increase the rent, with yearly rent increases of 5% agreed on the commercial unit and the possibility of an increase on the residential rents

Description

This three-storey mixed-use freehold building is currently fully let, generating £33,930 per annum. The ground floor commercial unit is let on a 5-year licence agreement starting from April 2023, with annual rent increases of 5%, currently standing at £13,230 per annum. The residential part is a self-contained three-bedroom flat let on an AST until December 2025, with a monthly rent of £1,725. There is potential to increase the rent through active management, with the possibility of yearly rent increases on the residential units and the commercial unit.