2 bedroom retail property (high street) for sale164-164a Upper Wickham Lane,Welling,DA16
1,000 sq. ft.
- 1,000 sq ft (92 sq m)
- Freehold For Sale
- Town Centre Location
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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