Retail premises for sale in Stafford Road, Wallington SM6

Overview

The property in Wallington comprises a Three-storey mixed use building of traditional brick construction which sits beneath a pitched and tiled roof and has painted rendered elevations.

The ground floor commercial accommodation is currently a modern air-conditioned open plan office space with reception seating area, partitioned meeting room and kitchen and WC facilities towards the rear.

The second floor comprises four residential flats that are sold off on long leases. The flats are accessed externally at the side of the property.

The property is in a prominent position on Stafford Road, amongst national, regional and local retailers.

Location

The property is located on Stafford Road (B271) which links Croydon and Wallington town centre. The property is in a prominent position on the edge of Wallington town centre, close to Sainsbury’s Supermarket and a few minutes’ walk from the other amenities of the town.

Wallington is in the London Borough of Sutton and is approximately 12 miles south of Central London. Croydon is 3 miles to the East and Sutton 3 miles to the West.

Wallington railway station is within Travelcard Zone 5. The property is approximately 10 minutes’ walk from the mainline station providing regular services to London Bridge and London Victoria, Sutton and Croydon. Additional connections are available at Clapham Junction, Norwood Junction and West Croydon.

Accommodation

Ground Floor Office: 639.69 ft² (59.43 sq.m)
Ground Floor Kitchen: 102.90 ft² (9.56 sq.m)
Ground Floor Storage: 34.22 ft² (3.18 sq.m)
total: 776.83.81 ft² (72.17 sq.m)

Tenancies

125 Stafford Road offers vacant accommodation on the ground floor.

Flat 1 125a is let on a long lease for a term of 125 years from 2019 at an annual ground rent of £245.

Flat 2 125a is let on long lease for a term of 125 years from 2019 at an annual ground rent of £275.

Flat 3 125a is let on long lease for a term of 125 years from 2019 at an annual ground rent of £375.

Flat 125b is let on long lease for a term of 125 years from 2019 at an annual ground rent of £400.

Business rates

We would advise that recommended parties make their own enquiries with the Local Authority.

Tenure

Freehold for sale or to let on a new lease for a term by negotiation.

Lease terms

The property is available to let on a new lease at a rent of £25,000 per annum exclusive.

Price

Offers in the region of £350,000 (Three hundred fifty thousand pounds) for the freehold interest.

EPC

Available on request

Legal costs

Each party will be responsible for their own legal costs incurred in this transaction.