Upper Wickham Lane, Welling, DA16

Sold - £750,000

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  • FREEHOLD GUIDE PRICE £750,000
  • GROUND FLOOR RETAIL SHOP
  • 3 SELF CONTAINED FLATS ABOVE
  • FURTHER DEVELOPMENT POTENTIAL
  • PAYABLE RATES £7560p.a.

DESCRIPTION: The property comprises a double fronted mid terrace building with three self-contained flats above on the first floor level. The main retail area on the ground floor which is approximately 1552 sq.ft, is used by the current owner for showroom purposes. The area is fitted out to a reasonable standard and incorporates a suspended ceiling with recessed lighting, tiled flooring set behind an aluminium retail glazed frontage.

At the rear, behind the showroom there is a warehouse/storage area, an office and kitchen and staff WC facilities. In total these rooms are approximately 1,170 sq.ft. Externally at the rear is a yard which provides off street parking and loading access for the warehouse.

ACCOMODATION: The residential premises comprise a two bedroomed flat at 76a Upper Wickham Lane and 2 one bedroomed flats at 78a/b Upper Wickham Lane.
Access to the accommodation is gained via an independent street level entrance to the front of the building.
The 2 bedroomed flats have been created through a recent conversion of part of the first floor.
We are advised the flat at 76a is occupied under an AST at a rent of £850 pcm and number 78b at a reduced rent of £775pcm. The remaining flat at 78a is occupied by a family member but if made available to the open market would in our opinion command a rent of around £740pcm.

TERMS: Guide price for the Freehold is £750,000

RATES: We understand from enquires with Bexley Council for the year commencing April 2015 the property has a rateable value of £15,750 with rates payable of approximately £7,560. We strongly recommend interested parties confirm the actual rates with the rating office of the London Borough of Bexley

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.