Under Offer

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



Downloads


Brochure EPC



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.



Centro Plc, Mid-Day Court, 30 Brighton Road, Sutton, Surrey, SM2 5BN
Tel. 020 8401 1000  E-mail: info@centro.plc.uk