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.