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178-178A Park View Rd 8,860 sq ft 100% Let Retail Property Welling DA16 1ST £2,700,000 (£304.74/sq ft)

INVESTMENT HIGHLIGHTS
- Recently built mixed-use building
- Residential on the second and third floors
- Commercial space on the ground and first floors
- Rear Car Park
EXECUTIVE SUMMARY
*Offers Invited* End of terrace recently built mixed-use building comprising commercial space on the ground and first floors, with residential on the second and third floors. There is also a car park at the rear.
The ground floor comprises two retail units, one let and the other vacant. Part of the rear is let to as a beauty saloon/treatments, with the remaining space currently vacant. The first floor (mezzanine) comprises a meeting room, small office, one bed studio flat, void above the larger retail unit and large storage space with windows, with potential for further residential - S.T.P. The second and third floors comprise 6 high spec apartments, with 4 x 2 beds and 2 x 1 beds and a communal roof terrace.
Freehold, with the benefit of a commercial lease, two licence agreements and various residential assured shorthold tenancies. Further information can be provided upon application. Current combined income: £130,000 per annum | Potential income when fully let: £230,000 per annum.
The property is situated on Park View Road (A207), between School Lane and Clifton Road in Welling. Neighbouring occupiers include Brewers Decorator Centres, Toolstation, Tesco Superstore, Costa Coffee, Ancaster/Hyundai Dealership and MediVet, together with a good mix of other independent and local traders.
Welling mainline railway station is within walking distance, providing services to London Victoria, Cannon Street, Charing Cross, Dartford, Gravesend and Slade Green via Bexleyheath. There are also various buses serving the area located on Park View Road.
The ground floor comprises two retail units, one let and the other vacant. Part of the rear is let to as a beauty saloon/treatments, with the remaining space currently vacant. The first floor (mezzanine) comprises a meeting room, small office, one bed studio flat, void above the larger retail unit and large storage space with windows, with potential for further residential - S.T.P. The second and third floors comprise 6 high spec apartments, with 4 x 2 beds and 2 x 1 beds and a communal roof terrace.
Freehold, with the benefit of a commercial lease, two licence agreements and various residential assured shorthold tenancies. Further information can be provided upon application. Current combined income: £130,000 per annum | Potential income when fully let: £230,000 per annum.
The property is situated on Park View Road (A207), between School Lane and Clifton Road in Welling. Neighbouring occupiers include Brewers Decorator Centres, Toolstation, Tesco Superstore, Costa Coffee, Ancaster/Hyundai Dealership and MediVet, together with a good mix of other independent and local traders.
Welling mainline railway station is within walking distance, providing services to London Victoria, Cannon Street, Charing Cross, Dartford, Gravesend and Slade Green via Bexleyheath. There are also various buses serving the area located on Park View Road.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Property Size
8,860 sq ft
Costar Property Class
B
Year Built
1950
Price
£2,700,000
Price per sq ft
£304.74
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
4
Parking
2 Spaces (0.23 Spaces per 1,000 sq ft Leased)
Frontage
28 ft on Park View Rd
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178-178A Park View Rd
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