23-23A Manor Rd 1,040 SF Vacant Retail Building Wallington SM6 0BW $634,697 CAD ($610.29 CAD/SF)
INVESTMENT HIGHLIGHTS
- Wallington train station is under half a mile away
- Residential unit above creates additional income
- On a busy road which creates high daytime foot traffic
EXECUTIVE SUMMARY
An 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 December1997, with a term of 175 years.
The freehold property is offered at £375,000, with a commercial rental income of £22,000 per annum.
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 December1997, with a term of 175 years.
The freehold property is offered at £375,000, with a commercial rental income of £22,000 per annum.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,040 SF
Building Class
C
Year Built
1889
Price
$634,697 CAD
Price Per SF
$610.29 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
4 Stories
Building FAR
0.80
Lot Size
0.03 AC
AMENITIES
- Storage Space
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Ground level retail with basement ancillary space measuring a total of 1,040 sq ft.
| Space | Size | Space Use | Position | Available |
| Ground | 622 SF | Restaurant | End Cap | Now |
Ground
| Size |
| 622 SF |
| Space Use |
| Restaurant |
| Position |
| End Cap |
| Available |
| Now |
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NEARBY MAJOR RETAILERS
