Retail premises for sale in Stafford Road, London SM6

Fixed price £1,550,000 (£468.7/sq. ft)
Retail premises for sale 3,307 sq. ft*
Interested in this property? Call +44 20 3641 9157 * or Request Details

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Property features

  • Comprises 2 x Retail Shops, 1 x 1-Bed Flat and 8 x Studio Flats
  • Total area size of 313 sq m (3,307 sq ft)
  • Development potential for additional studio flat at the rear, sttp
  • Located within 0.7 miles from Wallington Train station

Property description

Investment Consideration:
Current Rental Income: £76,200 p.a.
Erv: £94,200 p.a. Giy: 6.08%
VAT is not applicable to this property
Comprises 2 x Retail Shops, 1 x 1-Bed Flat and 8 x Studio Flats
Total area size of 313 sq m (3,307 sq ft)
Development potential for additional studio flat at the rear, subject to obtaining the necessary consents
Located within 0.7 miles from Wallington Train station, which provides direct service to central London in 30 minutes
Nearby occupiers include pharmacy, convenience store, restaurant/takeaway`s, café and others.

Property Description:
Comprises 2 x Retail Shops, 1 x 1-Bedroom Flat and 8 x Self-Contained Studios, arranged over ground, first and second floor providing the following accommodation and dimensions:
No.179
Ground Floor:
Retail Shop 35.20 sq m (379 sq ft)
Studio Flat C 22.66 sq m (244 sq ft)
Studio Flat D 22.85 sq m (246 sq ft)
Studio Flat E 16.00 sq m (172 sq ft)
Studio Flat F 24.43 sq m (263 sq ft)
First Floor:
1-Bed Flat A 42.36 sq m (456 sq ft)
Second Floor:
Studio Flat B 32.23 sq m (347 sq ft)
No.181
Ground Floor:
Retail Shop 47.75 sq m (514 sq ft)
First Floor:
Studio Flat 1 27.74 sq m (234 sq ft)
Studio Flat 2 17.75 sq m (191 sq ft)
Second Floor:
Studio Flat 2 24.25 sq m (261 sq ft

Tenancy:
No. 179 Stafford Road
The ground floor shop is at present holding over at a current rent of £12,000 per annum and the lease contains full repairing and insuring covenants.
The vendor is in talks with the tenant about renewing the lease at £15,000 per annum.
Flat A is at present let on AST to an Individual for a term of 12 Months from 1st April 2019 at a current rent of £9,600 per annum. Deposit held of £750.
Studio B is at present let on AST to an Individual for a term of 12 Months from 14th April 2021 at a current rent of £6,900 per annum. Deposit held of £525.
Studio C is at present let on AST to an Individual for a term of 12 Months from 1st August 2019 at a current rent of £7,020 per annum. Deposit held of £585.
Studio D is at present let on AST to an Individual for a term of 12 Months from 30th November 2020 at a current rent of £7,020 per annum. Deposit held of £585.
Studio E is at present let on AST to an Individual for a term of 12 Months from 9th January 2020 at a current rent of £6,600 per annum. Deposit held of £550.
Studio F is at present let on AST to an Individual for a term of 12 Months from 5th October 2019 at a current rent of £7,020 per annum. Deposit held of £585.

No. 181 Stafford Road
The ground floor shop is at present vacant. Erv £15,000 per annum.
Studio 1 is at present let on AST to an Individual for a term of 12 Months from 29th July 2020 at a current rent of £7,140 per annum. Deposit held of £595.
Studio 2 is at present let on AST to an Individual for a term of 12 Months from 1st October 2020 at a current rent of £6,300 per annum. Deposit held of £525.
Studio 3 is at present let on AST to an Individual for a term of 12 Months from 16th June 2019 at a current rent of £6,600 per annum. Deposit held of £535.

Location:
Wallington is a town in the London Borough of Sutton, in South London, England. It is 9.7 miles south south-west of Charing Cross. Services operate from Wallington to Victoria and London Bridge via West Croydon and to Epsom Downs and Epsom via Sutton and beyond. The property is located 0.7 mile from Wallington train station, which provides direct service to central London in 30 minutes. Occupiers nearby include pharmacy, convenience store, restaurant/ takeaway`s, café and others.

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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