Property photos
Freehold
£375,000
(£360.58/sq. ft)
Property for sale
23 Manor Road, Wallington, Sutton, Surrey SM61,040 sq. ft
Local area information
Property location
Nearby amenities
- Wallington County Grammar School 0.2 miles
- All Saints Carshalton Church of England Primary School 0.3 miles
- Wallington 0.4 miles
- Carshalton 0.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Carshalton to find out more about the local area.
Features and description
- Freehold
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.
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.
More information
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