Upper Wickham Lane, Welling, DA16

Under Offer - £475,000

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  • FREEHOLD INVESTMENT OPPORTUNITY
  • GROSS RENTAL INCOME £29,550PA
  • CAR SHOWROOM PLUS TWO FLATS
  • CAR SHOWROOM APPROX 560 SQUARE FEET
  • CLOSE TO WELLING TOWN CENTRE

LOCATION:
The subject property which enjoys a prominent trading position is located on the busy Upper Wickham Lane on the corner of Balliol Road, 400 meters north of the junction with the A207 (Bellegrove Road/Welling High Street) in Welling. Welling is approximately 7 miles South East of Central London and 5.5 miles West of Dartford within the London Borough of Bexley.
The area immediately surrounding these premises comprises a mix of residential properties and a range of independent retailers and a number of car dealers.
The area has excellent road links with the A207 running in a westerly direction of Greenwich and an easterly direction of Dartford, here upon connections can be made to the M25 and Dartford Crossing.
The main A2 truck road passes close by.
Welling has its own main line British Rail station with the journey time to Central London approximately 35 minutes.


DESCRIPTION:
The subject property is an end building comprising a car showroom with a sales forecourt together with two flats, a one-bedroom flat and a bedsit apartment.
The ground floor comprises a car showroom trading as S L Auto's which includes an internal office and a shared entrance providing side access via a pedestrian walkway.
Behind the car showroom and on ground floor level is a studio flat. From the shared hallway, there is a staircase leading up the first floor and a one bedroom flat.
The property includes a rear yard/garden.

TERMS:
124 Upper Wickham Lane, S L Auto's - We understand is held on an unofficial agreement between our client and the occupier at £12,000 per annum.

124a Upper Wickham Lane - A bedsit flat returning £650pcm which equates to £7,800 per annum

124b Upper Wickham Lane - A one-bedroom flat which is let at £750pcm which equates to £9,750 per annum.

TENURE:
Freehold

RATES:
We understand that the rates are the responsibility of the tenants.

LEGAL FEES:
Each party 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.


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.