Mixed use for sale
Property description & features
- Tenure: Freehold
- An opportunity to acquire the freehold of a Three storey mixed use building in Wallington. The property is also available to let on a new lease.
- The property offers vacant accommodation on the ground floor with four flats which have been sold off on long leaseholds.
- The property is located on Stafford Road (B271) which is well linked to Croydon and Wallington town centres.
- The property benefits from modern air conditioned open plan office space with reception, partitioned meeting room with kitchen and WC facilities.
- Wallington benefits from excellent connectivity into London, with frequent direct trains to London Bridge, London Victoria & Croydon. Also excellent transport links by road.
- Wallington is a largely residential area of South London within the London Borough of Sutton.
- Offers in excess of £350,000 (Three hundred fifty thousand pounds) for the freehold interest.
The property in Wallington comprises a Three-storey mixed use building of traditional brick construction which sits beneath a pitched and tiled roof and has painted rendered elevations.
The ground floor commercial accommodation is currently a modern air-conditioned open plan office space with reception seating area, partitioned meeting room and kitchen and WC facilities towards the rear.
The second floor comprises four residential flats that are sold off on long leases. The flats are accessed externally at the side of the property.
The property is in a prominent position on Stafford Road, amongst national, regional and local retailers.
LOCATION
The property is located on Stafford Road (B271) which links Croydon and Wallington town centre. The property is in a prominent position on the edge of Wallington town centre, close to Sainsbury’s Supermarket and a few minutes’ walk from the other amenities of the town.
Wallington is in the London Borough of Sutton and is approximately 12 miles south of Central London. Croydon is 3 miles to the East and Sutton 3 miles to the West.
Wallington railway station is within Travelcard Zone 5. The property is approximately 10 minutes’ walk from the mainline station providing regular services to London Bridge and London Victoria, Sutton and Croydon. Additional connections are available at Clapham Junction, Norwood Junction and West Croydon.
ACCOMMODATION
Ground Floor Office: 639.69 ft² (59.43 sq.m)
Ground Floor Kitchen: 102.90 ft² (9.56 sq.m)
Ground Floor Storage: 34.22 ft² (3.18 sq.m)
TOTAL: 776.83.81 ft² (72.17 sq.m)
TENANCIES
125 Stafford Road offers vacant accommodation on the ground floor.
Flat 1 125a is let on a long lease for a term of 125 years from 2019 at an annual ground rent of £245.
Flat 2 125a is let on long lease for a term of 125 years from 2019 at an annual ground rent of £275.
Flat 3 125a is let on long lease for a term of 125 years from 2019 at an annual ground rent of £375.
Flat 125b is let on long lease for a term of 125 years from 2019 at an annual ground rent of £400.
BUSINESS RATES
We would advise that recommended parties make their own enquiries with the Local Authority.
TENURE
Freehold for sale or to let on a new lease for a term by negotiation.
LEASE TERMS
The property is available to let on a new lease at a rent of £25,000 per annum exclusive.
PRICE
Offers in the region of £350,000 (Three hundred fifty thousand pounds) for the freehold interest.
EPC
Available on request
LEGAL COSTS
Each party will be responsible for their own legal costs incurred in this transaction.
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