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50 London Road & 9 The Patch, Riverhead 740 SF Retail Building Sevenoaks TN13 2DE $1,753,546 CAD ($2,369.66 CAD/SF)
Investment Highlights
- Lock-up Shop Unit
- Rear Yard
- Seven Parking Spaces
- Refurbished 3 Bed Self-Contained Flat
- Development Potential STPP
Executive Summary
Situated in a prominent position on London Road at its junction with The Patch. The area is in a mix of residential and commercial properties. Commercial occupiers in the vicinity include W. Hodges funeral directors, Malabar coffee shop, Glorious boutique, and Smile dentists among others.
Comprises a link detached two storey property understood to have been constructed in 1871. The ground floor and rear yard have been occupied and run as a tool and machine hire depot for many years. The upper parts comprise a fully refurbished, self-contained residential property known as “Patch Cottage.” Accessed from the rear of the building, Patch Cottage comprises three bedrooms, two bathrooms (one en-suite), a kitchen/breakfast room, a living/dining room, and a utility room. To the rear and accessed off The Patch, is a large, mostly concreted yard of approximately 6,000 sq. ft. (0.14 acres) with a number of storage buildings. It is considered that there is scope to develop the yard to create residential accommodation, subject to obtaining the necessary consents.
VAT
The property has not been elected for VAT purposes.
Legal Costs
Each party to bear their own costs.
Anti Money Laundering
Anti money laundering checks will be undertaken on the successful purchasers.
Terms
Unconditional offers in the region of £950,000 are invited for the entire property, with vacant possession.
Viewing
By prior appointment with the joint sole agents: Salisbury & Co. 01732 463 205.
Comprises a link detached two storey property understood to have been constructed in 1871. The ground floor and rear yard have been occupied and run as a tool and machine hire depot for many years. The upper parts comprise a fully refurbished, self-contained residential property known as “Patch Cottage.” Accessed from the rear of the building, Patch Cottage comprises three bedrooms, two bathrooms (one en-suite), a kitchen/breakfast room, a living/dining room, and a utility room. To the rear and accessed off The Patch, is a large, mostly concreted yard of approximately 6,000 sq. ft. (0.14 acres) with a number of storage buildings. It is considered that there is scope to develop the yard to create residential accommodation, subject to obtaining the necessary consents.
VAT
The property has not been elected for VAT purposes.
Legal Costs
Each party to bear their own costs.
Anti Money Laundering
Anti money laundering checks will be undertaken on the successful purchasers.
Terms
Unconditional offers in the region of £950,000 are invited for the entire property, with vacant possession.
Viewing
By prior appointment with the joint sole agents: Salisbury & Co. 01732 463 205.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
740 SF
Building Class
C
Year Built
1900
Price
$1,753,546 CAD
Price Per SF
$2,369.66 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.17 AC
Frontage
29’ on London Road
Amenities
- Storage Space
- Smoke Detector
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Nearby Major Retailers
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50 London Road & 9 The Patch, Riverhead
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