76 – 80 Bellegrove Road Welling Greater London DA16 3QB

76 – 80 Bellegrove Road
Welling
Greater London
DA16 3QB

Freehold Retail Investment

  • Let to Carpet Smart Limited until 2026 (2)
  • Approximately 317 sq m (3,415 sq ft)
  • Prominent town centre location
  • Nearby occupiers include William Hill, Iceland, McDonalds, Tesco and JD Wetherspoon
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    44
  • Auction
    7th July 2016
  • Rent
    £45,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £530,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
Important Update
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* More information on the term "guide" can be found here

Freehold Retail Investment

  • Let to Carpet Smart Limited until 2026 (2)
  • Approximately 317 sq m (3,415 sq ft)
  • Prominent town centre location
  • Nearby occupiers include William Hill, Iceland, McDonalds, Tesco and JD Wetherspoon
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 44
  • Auction 7th July 2016
  • Rent
  • Status Sold
  • Price £530,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG

Property Information

Location
Miles
14 miles to London City Centre
Roads
A2, A206, M25 (Junction 2)
Rail
Welling, Plumstead (30 mins to London Cannon Street)
Air
London City Airport, Gatwick Airport
Situation

The property is prominently situated on the northern side of Bellegrove Road, in the heart of Welling town centre. Nearby occupiers include William Hill, Iceland, McDonalds, Tesco and JD Wetherspoon.

Tenure

Freehold.

Location
Miles
14 miles to London City Centre
Roads
A2, A206, M25 (Junction 2)
Rail
Welling, Plumstead (30 mins to London Cannon Street)
Air
London City Airport, Gatwick Airport
Situation

The property is prominently situated on the northern side of Bellegrove Road, in the heart of Welling town centre. Nearby occupiers include William Hill, Iceland, McDonalds, Tesco and JD Wetherspoon.

Tenure

Freehold.

Description

The property comprises a triple fronted ground floor shop with residential accommodation on upper floors let on long leases.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a triple fronted ground floor shop with residential accommodation on upper floors let on long leases.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review
76-80 Ground Retail/Ancillary
317.27 sq m
(3,415 sq ft)
CARPET SMART
LIMITED (1)
10 years from June
2016 until 06/2026 (2)
£45,000 June 2021
76a - Residential
Not measured
INDIVIDUALS 125 years from
25/12/2004 until 24/12/2129
Peppercorn  
78a - Residential
Not measured
INDIVIDUALS 125 years from
25/12/2004 until 24/12/2129
Peppercorn  
80a - Residential
Not measured
INDIVIDUALS 125 years from
25/12/2004 until 24/12/2129
Peppercorn  
Total Commercial Area    
317.27 sq m
(3,415 sq ft)
    £45,000

(1) Carpet Smart currently operate from three stores in addition to this property, located in Beckenham, Charlton and Maidstone and provide high quality carpets throughout London and the South East (Source: www.carpetsmart.co.uk 02/06/2016).
(2) Terms for a new 10 year lease at a rent of £45,000 p.a.x have been agreed and is in solicitors hands due to complete imminently.

Property Documents

  • Catalogue Page
    Updated Date
    15.06.16
    File Size
    594 KB
    View PDF
  • Site Plan
    Updated Date
    15.06.16
    File Size
    350 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Nabarro LLP, 1 South Quay
Sheffield
South Yorkshire
S11 5SY
Joanna Simpson 0114 279 4127j.simpson@nabarro.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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