Restaurant/cafe for sale in Manor Road, Wallington SM6

£400,000 (£384.62/sq. ft)
Restaurant/cafe for sale 1,040 sq. ft*
Interested in this property? Call +44 20 8166 7557 * or Request Details

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Property description

Residenza are proud to offer to the market this freehold investment opportunity in Wallington, SM6.

Ground floor commercial is let on a new Fri from 15th September 2020 for a term of 15 years at an agreed rental of £22,000 P/A. The ingoing tenant has recently completed a full refurbishment of the ground floor and basement.

The first floor residential is sold of on long lease from 25th December 1997 for a term of 175 years.

Tenure: Freehold
Price: £400,000
Rental Income: £22,000 P/A
Gross Yield: 5.50%

Legal costs Each party is to bear their own legal costs incurred in this transaction.
VAT The property is not elected for VAT.

Accommodation Retail: 622 Sq/Ft
Basement: 418 Sq/Ft
gf & Basement Total: 1040 Sq/ft

To view this investment opportunity please call our Tooting or Battersea office. Alternative this can be viewed on our website
Floorplan(s): Floorplan 1

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* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Residenza Properties Tooting Ltd, SW17 on +44 20 8166 7557 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Residenza Properties Tooting Ltd, and do not constitute property particulars. Please contact Residenza Properties Tooting Ltd for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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