Under Offer
Welling – Takeaway & Flat
41/41B Bellegrove Road, Welling, Kent DA16 3PBFreehold Retail & Residential Investment
Price
£600,000
Rent P.A.
£25,400
Yield
4.23%
Tenure
Freehold
Lease Term
10 Years
Years Left on Lease
5y 10m
Area
1,485 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- 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.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
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)
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 Description
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.
Tenancies & Accommodation
Location Description
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.
