Summary - 11a, Vicarage Road DA5 2AL
4 bed 3 bath Commercial Property
Freehold investment in Bexley Village with parking and immediate income potential.
- Freehold mixed-use building in central Bexley Village
- Ground-floor office fully refurbished and currently vacant
- One 2-bed flat let on AST, one 1-bed flat vacant and refurbished
- Private drive plus car park for approximately 5–7 vehicles
- Vendor-estimated combined rental income circa £42,000pa (subject to review)
- Early 20th-century solid brick construction; insulation status assumed lacking
- Higher local crime rate; factor into tenant risk and insurance costs
- Vacant units mean short-term void and re-letting work possible
A rare freehold mixed-use opportunity in the heart of Bexley Village, this end-of-terrace building combines a ground-floor commercial suite and two self-contained flats. The ground-floor office is fully refurbished and vacant, ready for immediate occupation or re-let; the first-floor two-bedroom flat is currently let on an AST, while a recently refurbished one-bedroom flat to the rear is vacant and benefits from a private courtyard and garden. The site includes a private access drive and car park with capacity for approximately 5–7 vehicles, adding practical value and potential short-stay or permit income.
Projected combined rents are attractive for the area (vendor estimates circa £42,000pa subject to review), and the property’s location — walking distance to Bexley station and local amenities — supports strong tenant demand. The building was constructed early 20th century and has seen recent refurbishment works to key areas, reducing immediate capital expenditure for a new owner.
Notable considerations are that the estate sits in a higher-crime postcode and some fabric details remain dated: solid-brick walls are assumed uninsulated, and double glazing install dates are unknown. Two units are currently vacant (ground-floor office and one-bedroom flat), so short-term void and letting costs should be factored into cashflow forecasts. There may be limited redevelopment potential to the rear subject to planning.
This lot suits investors seeking an entry into a thriving commuter suburb, or an owner-occupier looking for an income-producing property with parking. The freehold tenure and immediate vacant possession on completion simplify transfer, but purchasers should commission a full survey, energy/insulation assessment, and local-title/planning checks before exchange.
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