27A Herbert Rd | London SE18 3TB
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27A Herbert Rd
London SE18 3TB
Retail Property For Sale
Investment Highlights
- The subject property is situated in an established retail area
- Herbert Road which is located just off Plumstead Common Road is a busy local shopping street
- Situated in the vicinity of many other shops which apart from a Co-op convenience store and are mainly independent and special
Executive Summary
The subject property comprises a single storey takeaway premises currently trading as a fish & chip shop.
The premises does not have a lease and the tenants are currently holding over. We understand that the rent being paid is £16,500 per annum.
Freehold offers are being invited in the region of £385,000.
Also a planning application appeal was successful and planning permission was granted for the erection of two additional stories to the existing single storey building comprising 1 x 2 bedroom apartment at 27a Herbert Road in accordance with the terms of the application Ref 23/09/73/F, dated 20th March 2023 subject to the conditions.
The premises does not have a lease and the tenants are currently holding over. We understand that the rent being paid is £16,500 per annum.
Freehold offers are being invited in the region of £385,000.
Also a planning application appeal was successful and planning permission was granted for the erection of two additional stories to the existing single storey building comprising 1 x 2 bedroom apartment at 27a Herbert Road in accordance with the terms of the application Ref 23/09/73/F, dated 20th March 2023 subject to the conditions.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
788 SF
Building Class
B
Year Built
1954
Price
$486,234
Price Per SF
$617
Cap Rate
4.29%
NOI
$20,839
Tenancy
Single
Building Height
1 Story
Building FAR
0.99
Lot Size
0.02 AC
Frontage
16 FT on Herbert Road
Amenities
- Energy Performance Rating - C
- Automatic Blinds
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