Upper Wickham Lane, Welling, DA16

For Sale - £750,000

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  • 3 Ground floor offices together with 2 x 2 bedroom flats
  • Commercial rental income of £25,800pa
  • Residential rental income of £22,200pa
  • 4 Parking spaces / Flats accessed at front of property
  • Located in centre of Welling

LOCATION:
The subject property is located on the busy Upper Wickham Lane some 100m north of the junction with the A207 (Bellegrove Road/ Welling High Street) in Welling, north west. Welling is approximately 7 miles south east of Central London and 5.5 miles west of Dartford within the London Borough of Bexley.
The premises are well situated on the corner of Springfield Road opposite Lidl's supermarket and in an area which is mostly occupied by a range of independent and specialist retailers.
The area has excellent road links with the A207 running 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 trunk road passes close by. Welling has its own mainline train station with a journey time into Central London of about 35 minutes.


DESCRIPTION:
The subject property comprises a fairly sizeable mid terraced building which for the past few years has been configured to provide ground floor office space to accommodate three separate commercial users together with two, good sized and well presented 2 bedroom flats over. The flats are accessed by a door at the front on the property.

The property includes four parking spaces at the rear, one for each flat and the remaining two for the commercial tenants.

ACCOMODATION:
35 Upper Wickham Lane - Approximately 870 square feet / 80.8 square metres

35a Upper Wickham Lane - Approximately 815 square feet / 75.7 square metres

Room at rear of - Approximately 122 square feet / 11.38 square metres

Flat B - First floor, 2 bedrooms, lounge, kitchen, bathroom

Flat C - First floor, 2 bedrooms, lounge. Kitchen, bathroom

TERMS / TENANCIES:
35 Upper Wickham Lane - Let to The Training & Assessment Centre on a 12 month licence from 26/5/18 at a rental of £750pcm / £9,000pa

35a Upper Wickham Lane - Let to Madison Interiors Limited on a 5 year lease from 19/3/18 at an annual rent of £13,800

Room at rear of - Let to a lady on a 12 month licence agreement from 9/5/18 at a rental of £250pcm / £3,000pa.

Flat B is let on a 12 month Assured Shorthold Tenancy from 4/ 5 /18 at a rent of £900pcm, which equates to £10,800pa

Flat C is let on a 12 month Assured Shorthold Tenancy from 14/5/18 at a rent of £950pcm, which equates to £11,400pa

TENURE:
Freehold

EPC:
35 Upper Wickham Lane: C - 53
35a Upper Wickham Lane: D - 81
Room at rear of: TBC
Flat B: C - 74
Flat C: C - 74

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

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
144 Welling High Street
Welling, DA16 1TN

T: 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.