FOR SALE
17/01/23
551
High_Street_Penge / Rightbiz
LOCATION: |
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Located on Penge High Street within a quarter of a mile of Penge East and Penge West railway stations |
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INVESTMENT: |
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Virtual freehold investment of Three shops adjacent to each other located in Penge High Street, All shops are tenanted and will be sold together on a long 950 + leasehold. Please note the flats above are not included. Sublease terms for the units are as follows. |
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NUMBER 35: |
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35: Currently achieving £10,000 per annum rent, five yearly rent reviews with the next rent review due in 26th Feb 2025 & every 5th anniversary there after |
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NUMBER 37: |
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37: Currently achieving £6,600 per annum rent, with three yearly reviews. Tenant is currently holding over |
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NUMBER 39: |
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39: Currently achieving £9,000 per annum rent, three yearly rent reviews. The tenant has given notice, exiting February 5th 2023. |
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USES: |
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All E Class |
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TENURE: |
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Virtual freehold with 950 + lease |
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LEGAL COST: |
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Each party are to be responsible for their own legal fee’s incurred |
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LOCAL AUTHORITY: |
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Penge |
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REFERENCE CHARGE: |
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London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non-refundable after the references have been taken up, whether they are accepted or not by the Landlord. |
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HOLDING DEPOSIT: |
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A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account |
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AGENT NOTE: |
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London Properties for themselves for Lessors, Vendors and their agents, give notice that:-
1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.
2. These details do not constitute any part of an offer or contract.
3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.
4. All rent prices, fees and charges are quoted exclusive of VAT |
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VIEWINGS: |
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Through London Properties by appointment only. |
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.