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2 bedroom retail property (high street) for sale

164-164a Upper Wickham Lane,Welling,DA16

Under Offer £295,000
1,000 sq. ft.

Property Description

Commercial information

  • 1,000 sq ft (92 sq m)

Key features

  • Freehold For Sale
  • Town Centre Location

Full description

Tenure: Freehold

Welling is located within the London Borough of Bexley and the subject premises occupy a prominent main road position on Upper Wickham Lane. The premises are conveniently located for Town Centre amenities and surrounding occupiers include a number of national and independent retailers.

The property comprises a mid-terrace building arranged on ground and first floors. The ground floor office offers a L-shape open plan area with rear store, kitchen and cloakroom/WC.
The first floor comprises a private flat approached via the rear leading to a spacious entrance hall with stairs to lounge, two bedrooms and fitted kitchen. The bedroom has a dressing room leading to the bathroom/WC. Our clients consider that potential exists for the future conversion of the ground floor offices to provide a two bedroom flat subject to the grant of planning permission.

The ground floor is occupied under a lease for a term of 5 years commencing 13/5/15 at a rental of 10,000 per annum exclusive, paid quarterly in advance.
The first floor is let upon an Assured Shorthold Tenancy (AST) at 850.00 per calendar month. The tenant is currently holding over.
Total Income: 20,200 per annum exclusive

295,000, subject to the tenancies above.

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