Summary - 96-98, SIDCUP HIGH STREET DA14 6DS
1 bed 1 bath Mixed Use
**Standout Features:**
- Prime freehold property located on Sidcup High Street
- Ground floor bar/restaurant currently leased to Loungers UK Limited for £85,000 p/a with 13 years remaining
- Four residential flats sold on long leasehold; 54 years remaining on leases
- Attractive Art Deco architecture in a vibrant urban setting
- Excellent locality with diverse amenities and services nearby
**Concerns:**
- Short remaining lease on the flats could restrict financing options
- High crime rate in the area
Elevate your investment portfolio with this prominent mixed-use property in Sidcup, ideally positioned on a bustling high street. The ground floor is currently a bar/restaurant leased to Loungers Limited, generating a robust income of £85,000 per annum, with a secure lease extending for 13 years. Above, four residential flats are sold off on long leasehold, offering potential for future value as the average lease dwindles to 54 years.
This Art Deco building stands out not just for its historical charm but also for its strategic location amid a hub of local amenities—from cafes and retail shops to essential services, making it a sought-after spot for both businesses and residents. Take advantage of the fast broadband and excellent mobile connectivity, ensuring both commercial and residential appeal.
While the property promises lucrative returns, be mindful of the short residential leases that may pose challenges for prospective buyers, particularly mortgage lenders. Additionally, the area has reported high crime rates, which may affect desirability.
Don't miss this exceptional opportunity; properties with such potential in Sidcup’s bustling atmosphere don’t last long on the market!
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