16-16a Ross Parade, Wallington, Surrey
£395000 Offers in Excess of
Minimum Size: 1206 Sq Ft
Maximum Size: 1206 Sq Ft
Call the commercial team on 020 8401 1000
Freehold Investment - available for sale, subject to the existing Tenancies. - Offers Sought in Excess of £395,000 - Current rental income £23,900 per annum - Ground Floor Commercial Lease for 16 years from 25/03/2013 - Separate Three Bedroom maisonette let out on a Periodic Tenancy - VAT is not applicable to this property
The three storey mid-terraced property is of traditional brick construction beneath a pitched tiled roof with rendered elevations, and forms part of a parade of similar premises. The property comprises a ground floor Take-Away, with Three Bedroom self-contained split-level maisonette above.
The premises are situated on the southern side of Ross Parade, within Wallington Town Centre, in close proximity to Wallington Mainline BR Station.
Wallington is a busy local district centre with a number of multiple retailers and successful independents.
Accommodation
·Ground Floor Take Away 342 Sq Ft
·Ground Floor Rear Storage 126 Sq Ft
Amenities
· Current rental income: £23,900 per annum
· Offers Sought in Excess of £395,000
· Ground Floor Commercial Lease for 16 years from 25/03/2013
· Separate 3-Bedroom maisonette let out on a Periodic Tenancy
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Location
Terms
The premises are available Freehold, subject to the existing Tenancies. The ground floor commercial premises are held on a Full Repairing and Insuring Lease for 16 years from 25/03/2016, with 4 yearly reviews, at a current passing rent of £11,600 per annum exclusive. The 2021 rent review remains outstanding. The residential upper parts are held on a Periodic Tenancy at a rental of £12,300 per annum.
