17/03/2023
FREEHOLD INVESTMENT FOR SALE
19 Upper Wickham Lane, Welling, Kent, DA1 3AA
Description
An opportunity to purchase a freehold investment benefiting from a popular location and high level of foot and traffic volume. The ground floor shop measures 390sqft and is let on a full repairing and insuring lease for 20 years commencing 2021 with 5 yearly rent reviews and no break clauses. The shop is well fitted for its trade as a fried chicken take away. The upper two floors consist of a 2-bedroom self-contained flat which is let on a 12-month AST agreement. The shop is currently let at £15,000 per annum and the flat is currently let at £16,800 per annum. Total rental income of £31,800 per annum.
Location
Welling is an area of south east London in the borough of Bexley. The subject property occupies a prominent high street position.
VAT
We understand that VAT is not applicaple in this transaction.
Further Information
EPC’s available on request Commercial Lease
Assured Shorthold Tenancy Agreement.
Terms
Offers invited in the region of £ 550,000 for the freehold interest.
Viewings
All viewings are strictly by prior appointment with Cosar property & Finance.