A 2006 development arranged with retail at ground and three upper levels of residential accommodation with car parking for residents at the rear. The open plan retail is suitable for a wide range of retailers, restaurateurs and leisure operators, with very good floor to ceiling heights. The three levels of residential accommodation above contain 19 flats.
( Agency Pilot Software ref: 23865 )
Location
Wallington is an affluent suburb in Greater London, situated between Sutton and Croydon on the A232, nine miles south west of central London. Wallington is a mainly residential area with two new developments of luxury flats were completed near the railway station in 2010 and 2013 and there is a further residential development close to the subject property at Shotfield Road
Accommodation
UNIT 1 / CAFFÈ NERO 1,284sq ft ( 119.3sq m )
UNIT 2 / SPECSAVERS 1,922sq ft ( 179.0sq m )
UNIT 3 / TESCO 4,044 sq ft (374.0sq m )
TOTAL 7,250sq ft ( 672.3sq m )
Terms
VAT The property has been elected for VAT and it is anticipated that the sale will be by way of a TOGC.
TENURE The property is freehold.
PROPOSAL Offers are invited in excess of £2,000,000. A purchase at this level will show a net initial yield of 7.53% after allowing normal purchaser`s costs.
DATA ROOM Please Click here to view leases, title and other documents in our data room.
EPC Unit 1 – C75 Unit 2 – C68 Unit 3 – B50
Specification
- Freehold convenience
- All commercial parts let to national operators with excellent covenants
- Mixed use building comprising two unit shops and a convenience supermarket on ground and three upper levels
- Fixed rent increases from residential uppers
- Potential to increase rent on Unit 1 at renewal