7-9 Manor Road is a row of shops, with residential units above and an additional commercial unit to the rear available for sale freehold. The site is located on the Manor Road in Wallington, close to its junction with the Croydon Road. The site for sale includes a mix of commercial and residential units which are currently producing a combined rent of £57,500 per annum and comprises as follows:
7 Manor Road: Ground floor shop let to an established gun shop (been trading for over 20 years) on a new 15 year lease (commenced Feb 10) for £10,000 per annum with rent reviews every 5 years.
9a Manor Road: Ground floor shop let for £6,000 per annum
9b1 Manor Road: Ground floor shop to be let on a new 10 year lease for £4,500 per annum
9b2 Manor Road: Ground floor shop to be let on a new lease, with wider terms to be negotiated, for £4,500 per annum.
Four flats above have been sold off on long leases (99 years) and are each paying a ground rent of £25 per annum.
Two 2-bedroom flats above let on Assured Shorthold Tenancy Agreements for £850pcm (£20,400 per annum)
Rear warehouse unit to be let on a new 5 year lease, outside the landlord and tenants act, for a rent of £12,000 per annum.
TOTAL RENTAL INCOME: £57,500 per annum
All enquiries welcome.