1 Central Avenue, Welling, DA16 3AX

  • OF INTEREST TO INVESTORS/DEVELOPERS
  • SALE AND LEASEBACK OPPORTUNITY + PLANNING FOR RESIDENTIAL DEVELOPMENT
  • PLANNING CONSENT FOR SIX ONE BED FLATS
  • GOOD INVESTMENT RETURN

Description

A 2 storey building comprising ground floor offices approx. 1,940 sq ft occupied by a long established firm of solicitors. The upper part has planning consent for 6 x 1 bedroom flats over two floors - plans and reports available. PLANNING REFERENCE: 18/01011/FUL Our clients propose a disposal of the freehold on a sale and leaseback basis whereby they retain the ground floor offices and forecourt parking on a new effectively FRI lease for a term of 10 years, no breaks at £26,000 pa subject to review. SALE AND LEASEBACK @ £26,000 PA PLANNING CONSENT FOR SIX ONE BED FLATS EXISTING 2 BED FLAT - REMAINDER SHELL & CORE GOOD INVESTMENT RETURN

Location

The site is prominently located in Central Avenue, Welling, opposite Welling Train Station, giving fast and direct access to London, with Central Avenue also being used by numerous bus routes. Nearby occupiers include a Tesco Express and Shell Service Station. A large public car par park is a few minutes' walk. Bellegrove Road, being in effect Welling High Street, is within 100 yards. Welling has undergone significant regeneration over the past few years with a number of quality residential developments being completed. As a result the retail content has improved significantly and offers a range of national and local occupiers including a Tesco Superstore, a Morrison's Supermarket, a range of shops and various restaurants.