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41/41B Bellegrove Road, Welling, Kent DA16 3PB

Fixed Price
£600,000

£404.04 per sq. ft.

Business rates & charges may apply

Blue Alpine, London
SIZE AVAILABLE
1,485 sq. ft.
(138 sq. m.)
SECTOR
2 bedroom mixed use property for sale

Key features

  • Comprises ground floor shop and 2-bed flat at first floor
  • VAT is NOT applicable to this property

Property description

Tenure: Freehold

Investment Consideration:
Gross Initial Yield: 4.23%
Rental Income: £25,400 p.a.
VAT is NOT applicable to this property
Comprises ground floor shop and 2-bed flat at first floor
Total area size 138 sq m (1,485 sq ft)
Parking space for 2 cars
Located approximately ¼ mile of Welling Railway Station
Occupiers nearby include Holland & Barrett, McDonald's, Lloyds, Scope, a Post Office and a Large Iceland Supermarket.

Property Description:
The property comprises ground floor takeaway shop and self-contained 2-Bedroom flat at first floor. The shop benefits from having a rear service road for unloading as well as parking for 2 cars. The flat is separately accessed from the rear and comprises 2 bedrooms, kitchen/living room and bathroom/WC

The property provides the following dimension and accommodation:
Ground Floor: Shop 68 sq m (732 sq ft)
First Floor: 2-Bed Flat 70 sq m (753 sq ft)
Total area size: 138 sq m (1,485 sq ft)

Tenancy:
The ground floor shop is at present let to Himalayan Sushi Bar Ltd for a term of 10 years from 1st December 2020 at a current rent of £14,000 per annum and the lease contains full repairing and insuring covenants. No break clause. Open market rent review in 2025. Deposit held of £3,500. Lease within 1954 Act. The first floor flat is at present let on AST to an Individual for a term of 12 Months from 7th March 2019 (holding over) at a current rent of £11,400 per annum. Deposit held of £1,000.

Location:
Welling is situated approximately 11 miles south-east of central London and 6 miles west of the M25 (Junction 1A) with easy access via the A2. The property is located close to the junction with Deepdene Road amongst a variety of local traders and multiple retailers such as Holland & Barrett, McDonald's, Lloyds, Scope, a Post Office and a Large Iceland Supermarket as well as being only approximately ¼ mile of Welling Railway Station.

Brochures

41/41B Bellegrove Road, Welling, Kent DA16 3PB

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Welling Station0.2 miles
  • Falconwood Station1.1 miles
  • Bexleyheath Station1.3 miles

About Blue Alpine, London

83c Ashley Gardens, Thirleby Road, London, SW1P 1HG

Blue Alpine is a leading advisory company that helps clients around the world turn property into a path for growth. We plan and deliver solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. Together, we unlock potential. At Blue Alpine, we believe a comprehensive understanding of a client’s financial goals are key to helping them fulfil their investment expectations. By employing a transparent and consultative approach we can asse

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