141-141A Bellegrove Rd | Welling DA16 3QS
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141-141A Bellegrove Rd
Welling DA16 3QS
Retail Property For Sale
Investment Highlights
- Investment yield of Circa. 7.24% (13.80 Years purchase)
- Ground floor E class premises producing rental of £15,000pa.
- Residential tenant of some 4 – 5 years
- 3 Bed flat arranged over upper floors – Rental of £24,000pa
- Commercial premises let until 2026.
- Good location near train station
Executive Summary
141 Bellegrove Road is let on a 3 year lease, starting 2023 and ending 2026. We are informed that the base rent detailed on the lease is £1,200pcm which equates to £14,400pa.
141a Bellegrove Road was held on an assured shorthold tenancy until December 2023. We are informed that rent being paid is £2,000pcm which equates to £24,000 per annum.
We are given to understand that the building is freehold.
Offers are invited in excess of an asking price of £530,000
141a Bellegrove Road was held on an assured shorthold tenancy until December 2023. We are informed that rent being paid is £2,000pcm which equates to £24,000 per annum.
We are given to understand that the building is freehold.
Offers are invited in excess of an asking price of £530,000
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
662 SF
Building Class
B
Year Built
1990
Price
£530,000
Price Per SF
£801
Net Initial Yield
7.36%
NOI
£39,000
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Parking
1 Space (1.51 Spaces per 1,000 SF Leased)
Frontage
18 ft on Bellegrove Rd
Amenities
- Bus Route
- Signage
1 of 4
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