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178-178A Park View Rd 8,860 SF 100% Leased Retail Building Welling DA16 1ST $5,021,763 CAD ($566.79 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Recently built mixed-use building
  • Residential on the second and third floors
  • Commercial space on the ground and first floors
  • Rear Car Park

EXECUTIVE SUMMARY

*Offers Invited* End of terrace recently built mixed-use building comprising commercial space on the ground and first floors, with residential on the second and third floors. There is also a car park at the rear.
The ground floor comprises two retail units, one let and the other vacant. Part of the rear is let to as a beauty saloon/treatments, with the remaining space currently vacant. The first floor (mezzanine) comprises a meeting room, small office, one bed studio flat, void above the larger retail unit and large storage space with windows, with potential for further residential - S.T.P. The second and third floors comprise 6 high spec apartments, with 4 x 2 beds and 2 x 1 beds and a communal roof terrace.
Freehold, with the benefit of a commercial lease, two licence agreements and various residential assured shorthold tenancies. Further information can be provided upon application. Current combined income: £130,000 per annum | Potential income when fully let: £230,000 per annum.
The property is situated on Park View Road (A207), between School Lane and Clifton Road in Welling. Neighbouring occupiers include Brewers Decorator Centres, Toolstation, Tesco Superstore, Costa Coffee, Ancaster/Hyundai Dealership and MediVet, together with a good mix of other independent and local traders.
Welling mainline railway station is within walking distance, providing services to London Victoria, Cannon Street, Charing Cross, Dartford, Gravesend and Slade Green via Bexleyheath. There are also various buses serving the area located on Park View Road.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual -
Annual Per SF -

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
8,860 SF
Building Class
B
Year Built
1950
Price
$5,021,763 CAD
Price Per SF
$566.79 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Parking
2 Spaces (0.23 Spaces per 1,000 SF Leased)
Frontage
28’ on Park View Rd

NEARBY MAJOR RETAILERS

Tesco
Morrisons
Barclays
Lidl
Costcutter
Co-op
PureGym
Curves
Morley's Fried Chicken
Londis
  • Listing ID: 37914079

  • Date on Market: 2025-10-02

  • Last Updated:

  • Address: 178-178A Park View Rd, Welling DA16 1ST

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