Freehold Mixed-Use Investment with Development Potential

Vale Road, Worcester Park KT4

£625,000

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Description

Opportunity to purchase an end of terrace property consisting of 2 x ground floor commercial units and 1 x three bedroom flat above.

The two commercial units total approximately 500 sqft and the three bedroom flat above measures 828 sqft. The property is fully let on two separate leases. The lease for 1A expires in June 2031 and the current rent is £13,000 per annum. The lease for 1 and 1B expires in October 2027 and the current rent is £23,000 per annum. The total income from the property is £36,000 per annum. Both leases are contracted inside the Landlord and Tenant Act 1954. We have not inspected the property internally.

The property does not have any significant planning history however there may be further development potential. We would advise that each party makes their own enquiries in this respect.

Viewings can be arranged upon request.

Location

1, 1A & 1B, The Parade, Vale Road, Worcester Park KT4 7EE

The property forms part of a small retail parade that serves the surrounding residential properties. Worcester Park High Street is approximately 1 mile away and Kingston Town Centre is 3.5 miles northwest of the property.

Worcester Park railway station is 0.8 miles from the property with a travel time of 27 minutes to London Waterloo. The A3 is located to the west of the property which connects the property with London and the south coast as well as the M25 London Orbital Motorway.

Accommodation

UNIT SIZE (SQM) SIZE (SQFT)
1 17.32 186
1A 29.15 313
1B 77 828

Plans