The property comprises a detached three storey commercial building arranged over ground and two upper floors.
The building is of brick construction under a flat roof and has been well maintained throughout.
The property benefits from a substantial car park which can accommodate at least six vehicles.
Location
The property itself is situated at the junction of Station Road and High Street in the town centre. Nearby national occupiers include Sainsbury’s, Boots chemist, Specsavers, Pizza Express, NatWest Bank, WHSmith,
Barclays Bank, and Costa Coffee.
West Wickham is situated in the London Borough of Bromley around 4.5 miles from East Croydon station and 14 miles south-east of central London.
The town sits adjacent to the A232 approximately 5.8 miles east of the A 23 which provides routes north and south and 7.8 miles west of junction 4 of the M25 motorway.
West Wickham is connected to the national railway network by West Wickham and Hayes stations journey times are approximately 27 minutes to London Bridge and 38 minutes to London Waterloo.
Accommodation
Ground Floor - Boots Opticians Professional Services Ltd - Opticians
Front Sales - 589 sq ft
Rear Sales / Kitchen - 171 sq ft
Ground Floor Rear, First & Second Floor / Car Park - Amphlett Lissimore Bagshaws LLP - Offices
Ground Floor - 217 sq ft
First Floor - 605 sq ft
Second Floor - 615 sq ft
Terms
TENURE
Freehold.
TENANCY
The total passing annual rent from the two occupiers is currently £36,800 per annum.
For details of the Tenancies, please see attached brochure
PROPOSAL
We have been instructed by the vendor to seek offers in excess of £500,000 subject to contract.
A purchase at this level reflects a net initial yield in the order of 7% assuming usual purchaser costs.
LEGAL COSTS
Each party to be responsible for their own legal costs incurred in this transaction.
Specification
- Mixed Use Freehold Investment
- Ground Floor Retail let to Boots Opticians
- First & Second Floor Offices let to Solicitors
- Prominent Corner Location
- Total Income £36,XXXa
- Price: Offers in excess of £500,000 stc.
- Net Initial yield 7%