FREEHOLD INVESTMENT – 38 Wellington Street, Woolwich, London, SE18 6DF

38 Wellington St, Woolwich, London SE18 6QF, UK
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Description

FREEHOLD INVESTMENT – 38 Wellington Street, Woolwich, London, SE18 6DF

LOCATION

The premises  adjoin the  Woolwich  Town Hall and  are opposite the new Woolwich  Central development, anchored by Tesco Extra. Wellington Street links the John Wilson Street to Woolwich Arsenal rail & DLR station.

DESCRIPTION

The premises are to form part of a newly developed mixed use scheme providing residential to the upper floors and ground floor commercial.

Residential: The NIA of the residential element of the scheme totals 24,886 sq. ft. This comprises of thirty four (34) apartments. Thirteen (13) one bedroom apartments and Twenty-one (21) two bedroom apartments. Twenty Nine flats are sold off on Long Leasehold’s. Flats which remain unsold are:

Flat 9 775 sq. ft. 2 bed – £400,000
Flat 8 818 sq. ft. 2 bed £425,000
Flat 7 958 sq. ft. 2 bed £425,000
Flat 17 818 sq. ft. 2 bed £425,000
Flat 28 829 sq. ft. 2 bed £425,000

Retail: The NIA of the ground floor retail unit totals 4,890 sq. ft. Consent is granted for A3/A4 & D2 uses. ERV is

£122,250 per annum.

Ground Rent: All units have been sold / are available on 250 year leases. The ground rent achieved is £400 each unit. Once all sold income will be £14,000 per annum.

Parking: There are six parking spaces available. The nominal value is £2,500 each.

PURCHASE PROCESS

Offers invited by close of business Friday 25th May

VIEWING

By appointment through sole agent: John D Wood: 020 7629 9050

Craig Van Straten 

CraigVanStraten@johndwood.com

 

  • Address: 38 Wellington Street
  • State/county: London
  • Zip/Postal Code: SE18 6DF
  • Country: United Kingdom

Detail

Updated on May 17, 2018 at 9:58 am

  • Price: See Description
  • Property Size: 24886 Sq Ft
  • Property Type: Investment for Sale
  • Property Status: For Sale

Contact info

Craig Van Straten
Craig Van Straten
020 7355 8080

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