Retail premises for sale in Bellegrove Road, Welling DA16

Fixed price £600,000 (£404.04/sq. ft)
Retail premises for sale 1,485 sq. ft*
Interested in this property? Call +44 20 3641 9157 * or Request Details

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Property features

  • Freehold Retail & Residential Investment
  • Comprises ground floor shop and 2-bed flat at first floor
  • Total area size 138 sq m (1,485 sq ft)
  • Located approximately ¼ mile of Welling Railway Station

Property description

Investment Consideration:
Gross Initial Yield: 4.23%
Rental Income: £25,400 p.a.
VAT is not applicable to this property
Comprises ground floor shop and 2-bed flat at first floor
Total area size 138 sq m (1,485 sq ft)
Parking space for 2 cars
Located approximately ¼ mile of Welling Railway Station
Occupiers nearby include Holland & Barrett, McDonald`s, Lloyds, Scope, a Post Office and a Large Iceland Supermarket.

Property Description:
The property comprises ground floor takeaway shop and self-contained 2-Bedroom flat at first floor. The shop benefits from having a rear service road for unloading as well as parking for 2 cars. The flat is separately accessed from the rear and comprises 2 bedrooms, kitchen/living room and bathroom/WC

The property provides the following dimension and accommodation:
Ground Floor: Shop 68 sq m (732 sq ft)
First Floor: 2-Bed Flat 70 sq m (753 sq ft)
Total area size: 138 sq m (1,485 sq ft)

Tenancy:
The ground floor shop is at present let to Himalayan Sushi Bar Ltd for a term of 10 years from 1st December 2020 at a current rent of £14,000 per annum and the lease contains full repairing and insuring covenants. No break clause. Open market rent review in 2025. Deposit held of £3,500. Lease within 1954 Act. The first floor flat is at present let on AST to an Individual for a term of 12 Months from 7th March 2019 (holding over) at a current rent of £11,400 per annum. Deposit held of £1,000.

Location:
Welling is situated approximately 11 miles south-east of central London and 6 miles west of the M25 (Junction 1A) with easy access via the A2. The property is located close to the junction with Deepdene Road amongst a variety of local traders and multiple retailers such as Holland & Barrett, McDonald`s, Lloyds, Scope, a Post Office and a Large Iceland Supermarket as well as being only approximately ¼ mile of Welling Railway Station.

Property info

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

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For more information about this property, please contact
Blue Alpine Partners, SW1P on +44 20 3641 9157 * (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 Blue Alpine Partners, and do not constitute property particulars. Please contact Blue Alpine Partners 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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