£1,380,000

Retail premises for sale

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Fixed price

£1,380,000

(£417.30/sq. ft)

Retail premises for sale

Stafford Road, London SM6

3,307 sq. ft

Local area information

Property location

Nearby amenities

  • Bandon Hill Primary School 0.1 miles
  • Foresters Primary School 0.3 miles
  • Wallington 0.5 miles
  • Waddon 1.1 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Croydon to find out more about the area.

Features and description

  • Comprises 2 x Retail Shops, 1 x 1-Bed Flat and 8 x Studio Flats
  • Total area size of 313 sq m (3,307 sq ft)
  • Development potential for additional studio flat at the rear, sttp
  • Located within 0.7 miles from Wallington Train station
Investment Consideration:
Gross Initial Yield: 7.07%
Rental Income: £97,540 p.a.
VAT is not applicable to this property
Comprises 2 x Retail Shops, 1 x 1-Bed Flat and 8 x Studio Flats
Total area size of 313 sq m (3,307 sq ft)
Development potential for additional studio flat at the rear, subject to obtaining the necessary consents
Located within 0.7 miles from Wallington Train station, which provides direct service to central London in 30 minutes
Nearby occupiers include pharmacy, convenience store, restaurant/takeaway`s, café and others.

Property Description:
Comprises 2 x Retail Shops, 1 x 1-Bedroom Flat and 8 x Self-Contained Studios, arranged over ground, first and second floor providing the following accommodation and dimensions:
No.179
Ground Floor:
Retail Shop 35.20 sq m (379 sq ft)
Studio Flat C 22.66 sq m (244 sq ft)
Studio Flat D 22.85 sq m (246 sq ft)
Studio Flat E 16.00 sq m (172 sq ft)
Studio Flat F 24.43 sq m (263 sq ft)
First Floor:
1-Bed Flat A 42.36 sq m (456 sq ft)
Second Floor:
Studio Flat B 32.23 sq m (347 sq ft)
No.181
Ground Floor:
Retail Shop 47.75 sq m (514 sq ft)
First Floor:
Studio Flat 1 27.74 sq m (234 sq ft)
Studio Flat 2 17.75 sq m (191 sq ft)
Second Floor:
Studio Flat 2 24.25 sq m (261 sq ft

Tenancy:
No. 179 Stafford Road
The retail shop is at present let to an Individual for a term of 10 Years from 24th October 2022 at a current rent of £13,000 per annum and the lease contains full repairing and insuring covenants. Upward only rent review every 5th years. No breaks. Deposit held of £3,250.
Flat A is at present let on AST to an Individual for a term of 12 Months from 1st April 2023 at a current rent of £10,200 per annum. Deposit held of £850.
Studio B is at present let on AST to an Individual for a term of 12 Months from 1st January 2023 at a current rent of £7,800 per annum. Deposit held of £650.
Studio C is at present let on AST to an Individual for a term of 12 Months from 4th March 2022 at a current rent of £7,020 per annum. Deposit held of £585.
Studio D is at present let on AST to an Individual for a term of 12 Months from 30th November 2020 at a current rent of £7,020 per annum. Deposit held of £585.
Studio E is at present let on AST to an Individual for a term of 12 Months from 21st January 2023 at a current rent of £7,500 per annum. Deposit held of £625.
Studio F is at present let on AST to an Individual for a term of 12 Months from 17th July 2023 at a current rent of £7,800 per annum. Deposit held of £650.

No. 181 Stafford Road
The ground floor shop is at present let to an Individual for a term of 10 Years from 6th May 2022 at a current rent of £15,000 per annum and the lease contains full repairing and insuring covenants. Upward only rent review every 5th year. Tenant option to determine in the 5th year with minimum 6 months notice. Deposit held of £2,500.
Studio 1 is at present let on AST to an Individual for a term of 12 Months from 2nd July 2023 at a current rent of £7,800 per annum. Deposit held of £650.
Studio 2 is at present let on AST to an Individual for a term of 12 Months from 1st October 2023 at a current rent of £7,200 per annum. Deposit held of £600.
Studio 3 is at present let on AST to an Individual for a term of 12 Months from 16th June 2023 at a current rent of £7,200 per annum. Deposit held of £600.

Location:
Wallington is a town in the London Borough of Sutton, in South London, England. It is 9.7 miles south south-west of Charing Cross. Services operate from Wallington to Victoria and London Bridge via West Croydon and to Epsom Downs and Epsom via Sutton and beyond. The property is located 0.7 mile from Wallington train station, which provides direct service to central London in 30 minutes. Occupiers nearby include pharmacy, convenience store, restaurant/ takeaway`s, café and others.

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  1. Zoopla
  2. Commercial for sale
  3. London
  4. Sutton (London Borough)
  5. Wallington
  6. Stafford Road

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