Keller Williams UK
2 bed Sold

41 Upper Wickham Lane, Welling, Kent

£550,000

Property Description

  • Call Ant Ext 110
  • FREEHOLD INVESTMENT OPPORTUNITY
  • Comprises ground floor shop and X2 Apartments on first floor
  • LESS THAN 1/2 MILE FROM WELLING STATION

VIEWINGS BY APPOINTMENT ONLY

This Freehold commercial property presents an excellent investment opportunity with strong income potential and the potential for future growth. Currently, the ground floor is occupied by a hairdresser, generating a rental income of £1,000 per month. The lease is in place until 2026, providing long-term stability and assured income.

Situated on the ground floor, the shop benefits from a prime location, offering high visibility and foot traffic, ideal for a hairdressing business. The interior is well-appointed and tailored to meet the specific needs of a hair salon.

In addition to the ground floor shop, this property includes two apartments on the upper floors. Apartment A features one bedroom and generates a monthly rental income of £750. Apartment B is a studio apartment generating a monthly rental income of £725. These apartments provide additional income streams and enhance the flexibility of the investment.

Furthermore, the property offers the convenience of two dedicated parking spaces and easy access from the rear.

With a current annual rental income of £29,700 and an asking price of £550,000, the yield on this investment is approximately 5.4%. However, it's worth noting that there is potential for improvement in the yield. As the owner, you have the opportunity to review the lease agreements between now and 2026, providing scope for rental increases and potentially enhancing the yield on this investment.

Overall, this property offers a stable income stream, multiple revenue sources with two apartments, and the potential for future growth, making it an attractive investment opportunity for commercial property investors.

Location:
Upper Wickham Lane is a secondary high street location with great footfall, sandwiched between large supermarkets Lidl's and Morrrison's adjacent to Welling's main high street. The property is less than 1/2 mile from Welling station.
Council tax band: Not Required

To discuss this property please contact Anthony Perkin on: