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Retail Property (high street) for sale

Welling High Street, Welling, DA16

Under Offer £520,000

Property Description

Key features

  • EXCELLENT FREEHOLD OPPORTUNITY
  • GROUND FLOOR RETAIL AREA OF 1,242SQ. FT
  • FIRST FLOOR ANCILLAY SPACE APPROACHING 800SQ FT
  • POTENTIAL FOR FIRST FLOOR DEVELOPMENT
  • AREA OF HIGH FOOTFALL AND MUCH PASSING TRADE

Full description

Tenure: Freehold

LOCATION:
The subject property is situated fronting on to the busy Welling High Street which is the main bus and traffic route through Welling Town Centre and also provides excellent access to Bexleyheath to the East and central London to the West. The property is surrounded by numerous national retailers including Tesco, Morrison, Boots, Barclays bank and Superdrug and also a number of independent and specialist retailers.

DESCRIPTION: A two storey mid terraced property which comprises of a ground floor 'A1' lock up shop together with ancillary storage space arranged over the upper floor.

The business that has for many years been trading from the premises is that of a greetings card and gift shop.

ACCOMODATION: DEVELOPMENT OPPORTUNITY - Under Permitted Development within the Town and Country Planning Use Classes Order, the first floor storage space may possibly be converted to residential. In our opinion the accommodation would suit conversion into either 2 x one bedroom flats or a good sized two bedroom flat.

TERMS:
The lease with the current tenant has ended although the tenancy continues under the terms of the Landlords and Tenants Act 1954.

The annual rent is currently £22,000 although we feel a more realistic rental to be in the region of £30,000 per annum.

RATES: The rates are currently the responsibility of the tenant.


Energy Performance Certificates (EPCs)

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