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Retail premises for sale in Manor Road, Wallington

Investment

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Retail premises for sale

1,074 sq. ft*

Property description

Residenza are proud to offer to the market this freehold shop 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. Rent Review every 5 years. Recently completed a full refurbishment of the ground floor and basement including Three Phase Electricity.

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

Tenure: Freehold
Price: £375,000
Rental Income (Commercial): £22,000 P/A
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

Floorplan(s): Floorplan 1

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Transport Schools Healthcare Food stores Restaurants/bars Sports/health clubs Parks/recreation

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

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Disclaimer

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.