The freehold comprises of just the ground floor retail unit with rear access and a mezzanine above one of the units. The retail unit is split into two separate retail stores. One store is Barber's Shop and the other a Cobbler Awls.
( Agency Pilot Software ref: 23004 )
Location
Wallington is a busy local district centre with a number of multiple retailers and successful independents. Sited on the eastern side of Manor Road A237. Between Nat-west and Cubit & west. Just over 200 metres away Wallington station with trains straight to London Bridge and Victoria. Other notable retailers nearby on Woodcote Road include Subway, HSBC, KFC, Iceland, Specsavers, Sainsburys, Greggs, Costa, Lidl and Coughlans Bakery
Accommodation
392 SQ FT (36.41 SQ M)
Terms
TENURE The property is freehold.
EPC An EPC is being prepared and will be available shortly.
RATES 23a - The property has a rateable value of £7,400.00 (2023). 23b - The property has a rateable value of £5,600.00 (2023).
VAT We understand that the property is not elected for VAT and that VAT will not be applicable to the sale price.
LEGAL COSTS Each party is to be responsible for their own legal fees
Specification
INVESTMENT SUMMARY
• Mixed investment or freehold opportunity
• Two small retail store, two flats and a studio
• Situated on Woodcote Road in the heart of Wallington
• Total current rental income £13,350 per annum with potential to £26,350
• 3.20% yield. Potential yield of 6.32%
• Residential sold off long on leasehold