dartford, kent da1

54 BOROUGH HIGH STREET
LONDON BRIDGE
LONDON
SE1 1XL
020 7234 9639
www.fieldandsons.co.uk
TOWN CENTRE
OFFICE/RETAIL INVESTMENT FOR SALE
1-3 BULLACE LANE (INC. 82 HIGH STREET)
DARTFORD, KENT DA1
*TOWN CENTRE LOCATION*
*3 PARTS LET, 1 VACANT OFFICE FLOOR*
*FUTURE GROWTH/DEVELOPMENT POTENTIAL*
LOCATION
The property is prominently located at the eastern end of Dartford High Street, close to the Orchards
Shopping Centre and within a short work of Dartford rail station.
DESCRIPTION
The property comprises two separate buildings together with a rear car park.
The front building (82 High Street/1 Bullace Lane) is a two storey L-shaped period property (with basement
plant room) arranged as a ground floor retail unit with extensive rear ancillary parts plus separately
accessed self-contained first floor offices.
3 Bullace Lane to the rear is a 1980's built three storey office property, currently arranged as a selfcontained ground floor suite plus first and second floor offices with own entrance from the car parking area.
The rear car park has vehicle access from Home Gardens and provides a total of 17 spaces.
Each of the different parts of the property have their own kitchen and w.c. facilities. Extensive external
refurbishment of the front building has recently been undertaken, together with improvements to the utility
supplies and heating of the various demised areas.
1-3 BULLACE LANE (INC. 82 HIGH STREET)
DARTFORD, KENT DA1
FLOOR & SITE AREAS
The approximate Net Internal Floor areas of the buildings are :
82 High Street/1 Bullace Lane
Ground Floor
First Floor
Total
= 1,919 sq ft (178.3 sqm)
= 2,027 sq ft (188.3 sqm)
= 3,946 sq ft (366.6 sqm)
3 Bullace Lane
Ground Floor
First Floor
Second Floor
Total
= 1,326 sq ft (123.2 sqm)
= 1,682 sq ft (156.3 sqm)
= 1,281 sq ft (119.0 sqm)
= 4,289 sq ft (398.5 sqm)
The overall site area of the buildings and the car park is approximately 10,379 sq ft (964.2 sqm).
TENURE
The property is currently producing a total income of £73,000 per annum as follows :
DEMISE
TENANT
TERM
Ground Floor
82 High Street
(plus 1 car space)
Ellenor Lions
Hospices Trading
Ltd
10 years from
29/09/09
£21,000 PA
1st Floor, 1
Bullace Lane
(plus 2 car
spaces)
Ground Floor, 3
Bullace Lane
Vacant
N/A
E.R.V.
£17,000 PA
Ian Ross &
Stephen Crowe
t/a Ross Greene &
Crowe Solicitors
Hedley Dunk Ltd
10 years from
15/03/10
£15,000 PA
Lease from
15/12/09 to
28/09/19.
£20,000 PA
st
nd
1 & 2 Floors, 3
Bullace Lane
(plus 14 car
spaces)
RENTS
(Exclusive)
BREAK
OPTIONS
Mutual break
th
option at 5
anniversary on 6
months' notice
N/A
Mutual break
th
option at 5
anniversary on 6
months' notice
Mutual break
th
option at 5
anniversary on 6
months' notice
RENT REVIEW
Upward only
review 29/09/14
LANDLORD
&TENANT
ACT 1954
Inside Act
N/A
N/A
Upward only
review 15/03/15
Outside Act
Upward only
review 14/12/14
Inside Act
TERMS
The freehold of the entire property is offered for sale, subject to the existing tenancies.
PRICE
Offers invited in the region of £760,000; reflecting a net initial yield of 9.08% after purchasers costs
at 5.75% (including the E.R.V. of the vacant office floor).
VAT
The property is registered for VAT purposes and we understand VAT will be payable on the sale price.
FURTHER DETAILS
For further details please contact the Sole Agents, Field & Sons:
Nigel Gouldsmith
Tel. 020 7234 9639
E-mail : [email protected]
www.fieldandsons.co.uk
1-3 BULLACE LANE (INC. 82 HIGH STREET)
DARTFORD, KENT DA1
APPROXMIATE OVERALL SITE PLAN
Important Notice
Field & Sons for themselves and for their clients of this property whose agents they are give notice that: 1) These particulars are set out as a general
outline only for the guidance of intending purchasers/tenants and do not constitute part of any offer or contract. 2) All descriptions, dimensions,
references to conditions and necessary permissions for use and occupation and other details are given without responsibility and any intending
purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the
correctness of each of them. 3) No person in the employment of Field & Sons has any authority to make or give any representation or warranty
whatsoever in relation to this property