23-23A Manor Rd
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23-23A Manor Rd
1,040 SF 100% Leased Retail Building Wallington SM6 0BW $474,678 ($456/SF)
Investment Highlights
- Wallington train station is under half a mile away
- Residential unit above creates additional income
- On a busy road which creates high daytime foot traffic
Executive Summary
An 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 December1997, with a term of 175 years.
The freehold property is offered at £375,000, with a commercial rental income of £22,000 per annum.
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 December1997, with a term of 175 years.
The freehold property is offered at £375,000, with a commercial rental income of £22,000 per annum.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,040 SF
Building Class
C
Year Built
1889
Price
$474,678
Price Per SF
$456
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
0.80
Land Acres
0.03 AC
Amenities
- Storage Space
1 of 1
Nearby Major Retailers
-
Laura Snook -
Tom Castro -
Whozoo
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23-23A Manor Rd
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