freehold retail investment for sale 41a bellegrove road ... AWS
FREEHOLD RETAIL INVESTMENT FOR SALE *CURRENT INCOME £17,000 PER ANNUM* *NO VAT PAYABLE*
DEVELOPMENT POTENTIAL
41A BELLEGROVE ROAD WELLING DA16 3PB Henry Adams (Horsham) LLP 50 Carfax, Horsham, West Sussex RH12 1BP 01403 282519 [email protected] henryadams.co.uk Residential / Commercial / Rural / Development / Auctions Robert Crawford Clarke BSc AGRIC MRICS Howard Ball MNAEA MARLA Consultant: Eddie Jenkinson BA (Hons) MRICS IRRV. Henry Adams (Horsham) LLP is a limited liability partnership which operates under licence and is independently owned. Registered in England and Wales No. OC339620. Registered office 50 Carfax, Horsham RH12 1BP. VAT No. 938 6934 67 Regulated by the RICS (Royal Institution of Chartered Surveyors)
LOCATION The property is situated in a prime trading location fronting Bellegrove Road (A207) which is the principal shopping thoroughfare for Welling. Nearby national retailers include Iceland, Holland & Barrett, McDonalds, Sharps, Scope, Post Office, Ladbrokes, KFC and Original Factory Shop. A street view of Bellegrove Road can be viewed online through Google Maps by typing in the property’s postcode DA16 3PB DESCRIPTION A mid-terrace two storey building currently arranged as a ground floor shop and with ancillary storage above. The property benefits from parking and a personnel door at the rear, allowing for loading and unloading. ACCOMMODATION (net internal floor areas) Ground Floor Retail Sales First Floor Ancillary Storage Total Accommodation
738 sq ft (68.6 sq m) 700 sq ft (65.0 sq m) 1,438 sq ft (133.6 sq m)
TENANCY The property is currently let to Gloria Kitchener t/a Respond Charity on a 5 year full repairing and insuring lease term from the 29th September 2014. The current annual passing rent is £17,000. DEVELOPMENT POTENTIAL Class G of Part 3 of The Town and Country Planning (General Permitted Development) (England) Order 2015 allows for a mixed use of A1 or A2 plus up to two flats, subject to a number of conditions. In our informal opinion, the accommodation over the first floor would suit conversion to a two bedroom flat. The current tenant in occupation utilises the first floor for ancillary storage. Gaining possession to develop would be subject to agreeing terms with the current tenant, although we are advised the accommodation serves as an important sorting area, alternatively possession at lease expiry maybe achieved under Section 30 of 1954 Landlord & Tenant Act (Part II). TENURE Freehold interest, subject to the above tenancy. PRICE £275,000 VAT We have been advised that property is VAT exempt. VIEWING ARRANGEMENTS By appointment with sole selling agents Henry Adams, 50 Carfax, Horsham, West Sussex RH12 1BP CONTACT Andrew Mark Algar – Head of Commercial Agency 01403 282 519 07868 434 449 [email protected]
LOCATION MAPS – NOT TO SCALE
Agent’s Notice – We endeavour to make our particulars as accurate and reliable as possible. They are for guidance only and are intended to give a fair overall summary of the property. They do not form part of any contract or offer and should not be relied upon as a statement or representation of fact. Measurements, areas, plans and distances are approximate only. Photographs and computer generated images show only certain parts and aspects of the property at the time they were taken or created. Neither Henry Adams Horsham LLP nor any of its employees has any authority to make or give any representation or warranty whatsoever in relation to the property. No undertaking is given as to the structural condition of the property or any necessary consents or the operating ability or efficiency of any service system or appliance. Intending purchasers or lessees must satisfy themselves with regard to each of these points. Unless otherwise stated, all prices and rents are quoted exclusive of VAT. Any intending purchasers or lessees must satisfy themselves as to the incidence of VA T in respect of any transaction.
DEVELOPMENT POTENTIAL
41A BELLEGROVE ROAD WELLING DA16 3PB Henry Adams (Horsham) LLP 50 Carfax, Horsham, West Sussex RH12 1BP 01403 282519 [email protected] henryadams.co.uk Residential / Commercial / Rural / Development / Auctions Robert Crawford Clarke BSc AGRIC MRICS Howard Ball MNAEA MARLA Consultant: Eddie Jenkinson BA (Hons) MRICS IRRV. Henry Adams (Horsham) LLP is a limited liability partnership which operates under licence and is independently owned. Registered in England and Wales No. OC339620. Registered office 50 Carfax, Horsham RH12 1BP. VAT No. 938 6934 67 Regulated by the RICS (Royal Institution of Chartered Surveyors)
LOCATION The property is situated in a prime trading location fronting Bellegrove Road (A207) which is the principal shopping thoroughfare for Welling. Nearby national retailers include Iceland, Holland & Barrett, McDonalds, Sharps, Scope, Post Office, Ladbrokes, KFC and Original Factory Shop. A street view of Bellegrove Road can be viewed online through Google Maps by typing in the property’s postcode DA16 3PB DESCRIPTION A mid-terrace two storey building currently arranged as a ground floor shop and with ancillary storage above. The property benefits from parking and a personnel door at the rear, allowing for loading and unloading. ACCOMMODATION (net internal floor areas) Ground Floor Retail Sales First Floor Ancillary Storage Total Accommodation
738 sq ft (68.6 sq m) 700 sq ft (65.0 sq m) 1,438 sq ft (133.6 sq m)
TENANCY The property is currently let to Gloria Kitchener t/a Respond Charity on a 5 year full repairing and insuring lease term from the 29th September 2014. The current annual passing rent is £17,000. DEVELOPMENT POTENTIAL Class G of Part 3 of The Town and Country Planning (General Permitted Development) (England) Order 2015 allows for a mixed use of A1 or A2 plus up to two flats, subject to a number of conditions. In our informal opinion, the accommodation over the first floor would suit conversion to a two bedroom flat. The current tenant in occupation utilises the first floor for ancillary storage. Gaining possession to develop would be subject to agreeing terms with the current tenant, although we are advised the accommodation serves as an important sorting area, alternatively possession at lease expiry maybe achieved under Section 30 of 1954 Landlord & Tenant Act (Part II). TENURE Freehold interest, subject to the above tenancy. PRICE £275,000 VAT We have been advised that property is VAT exempt. VIEWING ARRANGEMENTS By appointment with sole selling agents Henry Adams, 50 Carfax, Horsham, West Sussex RH12 1BP CONTACT Andrew Mark Algar – Head of Commercial Agency 01403 282 519 07868 434 449 [email protected]
LOCATION MAPS – NOT TO SCALE
Agent’s Notice – We endeavour to make our particulars as accurate and reliable as possible. They are for guidance only and are intended to give a fair overall summary of the property. They do not form part of any contract or offer and should not be relied upon as a statement or representation of fact. Measurements, areas, plans and distances are approximate only. Photographs and computer generated images show only certain parts and aspects of the property at the time they were taken or created. Neither Henry Adams Horsham LLP nor any of its employees has any authority to make or give any representation or warranty whatsoever in relation to the property. No undertaking is given as to the structural condition of the property or any necessary consents or the operating ability or efficiency of any service system or appliance. Intending purchasers or lessees must satisfy themselves with regard to each of these points. Unless otherwise stated, all prices and rents are quoted exclusive of VAT. Any intending purchasers or lessees must satisfy themselves as to the incidence of VA T in respect of any transaction.
