Bellegrove Road, Welling, DA16

For Sale - £169,000

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  • FREEHOLD INVESTMENT OPPORTUNITY
  • LOCK UP SHOP HELD ON A 5 YEAR LEASE
  • FLAT OVER SOLD IN 2008 ON A 125 YEAR LEASE
  • TOTAL RENTAL INCOME OF £11,150pa
  • YIELD OF APPROX. 6.75%

LOCATION:

The subject property fronts on to the very busy Bellegrove Road at the junction with Welling High Street, Upper Wickham Lane and Hook Lane. The immediate surrounding area is an established retail area and nearby businesses include, Boots, McDonald's, KFC, Lloyds, HSBC , Poundland and Screwfix. Bellegrove Road and Welling High Street is a very busy local thoroughfare, buses frequently pass the door and Welling railway station is within easy walking distance. There is a busy bus stop almost immediately outside the property plus there is a very high volume of passing trade for much of the day.


13 BELLEGROVE ROAD:

A ground floor lock up premises which is trading as 'Love Jewellery'
We understand that the floor area is around 420 square feet, however the landlords have informed us that they have retained the rear part of the shop for their own use as storage.
We are informed that the shop is held on a 5 year lease which commenced November 2017 at a passing rental of £11,000 per annum.

13a BELLEGROVE ROAD:
We understand that there is residential accommodation arranged over the first floor, which we have not inspected and have been advised was sold in 2008 on a 125 year lease. The ground rent received from the flat is £150 per annum plus they contribute to 50% of the building's insurance.


TERMS:
This freehold investment opportunity is available at £169,000

EPC:
The shop premises has an EPC rating of: C

LEGAL FEES:
Each party are to be responsible for their own legal costs.

VIEWING ARRANGEMENTS:
No direct approach may be made to the property / business. For an appointment to view, please contact the agent.

HUMMERSTONE & HAWKINS
0208 303 1061 E: agency@hummerstone.co.uk

IMPORTANT NOTICE

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.