Auction House London

Lot 46

Mixed Use - Commercial Property 

29 Welling High Street

Welling, Kent, DA16 1TR

Sold for £250,000.

A Commercial & Ground Rent Investment Producing £19,000 per annum

Description

The property comprises a ground floor shop with four self-contained flats within a semi-detached building arranged over ground and two upper floors. All four flats are sold off on long leases.

Location

The property occupies a primary position on Welling High Street. Nearby multiples include Boots, Coral, Tesco & Morrisons as well as many established local traders. Transport links are provided by Welling rail station.

Exterior

The property benefits from four parking spaces to the rear.

Tenure (2nd Column)

Freehold

Viewing Details

Please refer to us directly on: 0207 625 9007/ info@auctionhouselondon.co.uk

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Annual Rent
Shop Ground Shop Area Let to Coombe Trust Fund on an FRI Lease at a rent of £1,500 per annum for a term of 7 years commencing 2013. £18,000
Flat 1 First Two Bedroom Flat Sold off on a 125 year lease from 2014 £250
Flat 2 First Two Bedroom Flat Sold off on a 125 year lease from 2014 £250
Flat 3 Second Two Bedroom Flat Sold off on a 125 year lease from 2014 £250
Flat 4 Second Two Bedroom Flat Sold off on a 125 year lease from 2014 £250

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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