FOR SALE FREEHOLD RETAIL INVESTMENT, 23 Manor Road, Wallington, Sutton, SM6 0BW
1,040 Sq Ft / Retail / Mixed Use
For Sale
- £375,000.00
Available - Last updated: 18 October 2024
We are pleased to offer this freehold shop investment opportunity in Wallington, SM6. The property consists of a ground floor commercial unit and a first floor residential unit, making it an ideal mixed-use investment.
The ground floor commercial space is let on a Full Repairing and Insuring (FRI) lease from 15th September 2020, for a term of 15 years, at £22,000 per annum, with rent reviews every five years. Recently refurbished, including the installation of Three Phase Electricity, the space offers 622 sq ft on the ground floor and 418 sq ft in the basement, totalling 1,040 sq ft.
The first floor residential unit is sold on a long lease from 25th December 1997, with a term of 175 years.
The freehold property is offered at £375,000, with a commercial rental income of £22,000 per annum. Each party is to bear their own legal costs, and the property is not elected for VAT.
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£375,000.00
| NA |
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