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Investment Highlights
- Mixed Use Investment
- Let to One Stop Stores Ltd until 2038
- Subject to Reviews 2028 and 2033
- Lock-Up Shop
- Shop Rent £21,000
- One Bed Flat With Vacant Possession
Executive Summary
Sevenoaks is located approximately 21 miles south east of Central London, 11 miles north of Tunbridge Wells and 14 miles west of Maidstone.
Road and rail connections are excellent with junction 5 of the M25 being approximately 2.5 miles distant.
Sevenoaks mainline station provides fast and frequent services to London, with advertised journey times from 28 minutes.
The property is of traditional brick-built construction, under a pitched and hipped roof, and extended at ground floor level to the side and rear.
The first floor comprises a self-contained one bedroom flat, with kitchen, lounge, bedroom and bathroom and a fixed staircase into loft, which is considered suitable for extension and conversion subject to planning permission and necessary consents.
The ground and lower ground floors are let in their entirety to One Stop Stores Ltd on a full repairing and insuring lease for a term of 15 years from August 2023, subject to rent review in August 2028 and 2033 and a tenant break option in 2033.
TERMS
46 - Let to One Stop Stores Limited on a new 15-year lease at a rent of £21,000 per annum.
46a - Vacant.
PRICE
Guide price £450,000.
ENERGY PERFORMANCE CERTIFICATE (EPC)
Band C.
LEGAL COSTS
Each party to pay their own costs.
RATING
46 Rateable value of £17,500.
46a - Council tax band B.
VAT
The property has not been elected for VAT purposes.
ANTI MONEY LAUNDERING
The Money Laundering Regulations require us to conduct checks upon all tenants. Prospective tenants(s) will need to provide proof of identity and residence. For a company, all beneficial owners must provide the same.
Road and rail connections are excellent with junction 5 of the M25 being approximately 2.5 miles distant.
Sevenoaks mainline station provides fast and frequent services to London, with advertised journey times from 28 minutes.
The property is of traditional brick-built construction, under a pitched and hipped roof, and extended at ground floor level to the side and rear.
The first floor comprises a self-contained one bedroom flat, with kitchen, lounge, bedroom and bathroom and a fixed staircase into loft, which is considered suitable for extension and conversion subject to planning permission and necessary consents.
The ground and lower ground floors are let in their entirety to One Stop Stores Ltd on a full repairing and insuring lease for a term of 15 years from August 2023, subject to rent review in August 2028 and 2033 and a tenant break option in 2033.
TERMS
46 - Let to One Stop Stores Limited on a new 15-year lease at a rent of £21,000 per annum.
46a - Vacant.
PRICE
Guide price £450,000.
ENERGY PERFORMANCE CERTIFICATE (EPC)
Band C.
LEGAL COSTS
Each party to pay their own costs.
RATING
46 Rateable value of £17,500.
46a - Council tax band B.
VAT
The property has not been elected for VAT purposes.
ANTI MONEY LAUNDERING
The Money Laundering Regulations require us to conduct checks upon all tenants. Prospective tenants(s) will need to provide proof of identity and residence. For a company, all beneficial owners must provide the same.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,262 sq ft
Costar Property Class
C
Year Built
1990
Tenancy
Single
Number of Floors
2
Plot ratio
0.49
Total Plot Size
0.06 ac
Parking
2 Spaces (0.65 Spaces per 1,000 sq ft Leased)
Frontage
25 ft on Seal Road
Amenities
- Bus Route
- Security System
1 1
Nearby Major Retailers
1 of 7
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Map
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Presented by
46 & 46A Seal Rd
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