COMMERCIAL
High Road, London, E18
£905,000
- PROPERTY TYPE
Mixed Use
- SIZE
805 sq ft
75 sq m
Key features
- Highly visual South Woodford location
- Mixed use investment
- Commercial and residential accommodation
- Scope for asset management
Description
South Woodford is a popular suburb located some 8 miles north-east of Central London close to the junction of the M11 and the A406 North Circular Road.
Local occupiers of note include Waitrose, Nando's, M&S foodhall, Sainsburys, Pizza Express, Odeon Cinema and Stratstone Jaguar as well a variety of independent retailers, restaurants and cafes.
The subject property is located in a highly visible location within a secondary retail parade on High Road opposite Waitrose supermarket and moments from George Lane with a very high volume of vehicular traffic passing daily. South Woodford Central Line underground station is within easy walking distance providing the following journey times:
South Woodford to Liverpool Street - 19 minutes
South Woodford to Oxford Circus - 29 minutes
The High Road is served by the following bus routes*:
123 - Lordship Lane to Ilford
179 - North Chingford to Ilford
679 - Bancroft's School to Goodmayes Lane
W13 - Leytonstone Station to Woodford
N55 - Woodford to Oxford Circus Station night service
*Information provided by TfL
Available accommodation comprises of a three storey mixed use building at the end of a secondary parade. There is a separate double storey building to the rear. The buildings are to be sold subject to the following Tenancies:
127 High Road (front)
Ground floor commercial unit of 805 sq.ft. (74.79 sq.m.) let to Haci Ahmet Kaygusuz trading as Luna café for a term of 16 years (4 yearly rent reviews) from 2 September 2016 at an annual rental of £24,000 pax.
We understand the Tenant is currently assigning the lease although no formal application for consent has been made.
127b High Road (front)
Split level 3x bedroom maisonette let by way of a 12 month AST at a monthly rental of £1,150 pcm. We understand from local agents the ERV to be c£1,700 pcm.
127 High Road (rear)
Ground floor commercial office/studio of 372 sq.ft. (34.55 sq.m.) currently let to Ms L Christian on a verbal agreement at an annual rental of £9,600 pax for use as a Pilates Studio.
127a High Road (rear)
First floor studio flat let by way of a 12 month AST at a monthly rental of £800 pcm.
NB. Stated floor areas taken from VO.
The premises are to be sold on a freehold basis subject to the aforementioned Tenancies.
Offers in excess of £905,000 are being invited.
All rents, prices and premiums are exclusive of VAT under The Finance Act 1989. Accordingly, interested parties are advised to consult their professional advisers as to their liabilities, if any, in this direction.
EPC to follow.
Each party to pay their own legal costs incurred in this transaction.
It is recommended that applicants seek independent professional advice before entering into a contract on this property. It is required to gain proof of identity from companies and individuals before accepting an offer for the property.
Reference to all/any services, utilities or F & F in these particulars does not imply they are in full and efficient working order.
Viewing strictly by prior arrangement via Vendors sole agents as above.
Local occupiers of note include Waitrose, Nando's, M&S foodhall, Sainsburys, Pizza Express, Odeon Cinema and Stratstone Jaguar as well a variety of independent retailers, restaurants and cafes.
The subject property is located in a highly visible location within a secondary retail parade on High Road opposite Waitrose supermarket and moments from George Lane with a very high volume of vehicular traffic passing daily. South Woodford Central Line underground station is within easy walking distance providing the following journey times:
South Woodford to Liverpool Street - 19 minutes
South Woodford to Oxford Circus - 29 minutes
The High Road is served by the following bus routes*:
123 - Lordship Lane to Ilford
179 - North Chingford to Ilford
679 - Bancroft's School to Goodmayes Lane
W13 - Leytonstone Station to Woodford
N55 - Woodford to Oxford Circus Station night service
*Information provided by TfL
Available accommodation comprises of a three storey mixed use building at the end of a secondary parade. There is a separate double storey building to the rear. The buildings are to be sold subject to the following Tenancies:
127 High Road (front)
Ground floor commercial unit of 805 sq.ft. (74.79 sq.m.) let to Haci Ahmet Kaygusuz trading as Luna café for a term of 16 years (4 yearly rent reviews) from 2 September 2016 at an annual rental of £24,000 pax.
We understand the Tenant is currently assigning the lease although no formal application for consent has been made.
127b High Road (front)
Split level 3x bedroom maisonette let by way of a 12 month AST at a monthly rental of £1,150 pcm. We understand from local agents the ERV to be c£1,700 pcm.
127 High Road (rear)
Ground floor commercial office/studio of 372 sq.ft. (34.55 sq.m.) currently let to Ms L Christian on a verbal agreement at an annual rental of £9,600 pax for use as a Pilates Studio.
127a High Road (rear)
First floor studio flat let by way of a 12 month AST at a monthly rental of £800 pcm.
NB. Stated floor areas taken from VO.
The premises are to be sold on a freehold basis subject to the aforementioned Tenancies.
Offers in excess of £905,000 are being invited.
All rents, prices and premiums are exclusive of VAT under The Finance Act 1989. Accordingly, interested parties are advised to consult their professional advisers as to their liabilities, if any, in this direction.
EPC to follow.
Each party to pay their own legal costs incurred in this transaction.
It is recommended that applicants seek independent professional advice before entering into a contract on this property. It is required to gain proof of identity from companies and individuals before accepting an offer for the property.
Reference to all/any services, utilities or F & F in these particulars does not imply they are in full and efficient working order.
Viewing strictly by prior arrangement via Vendors sole agents as above.
High Road, London, E18
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- South Woodford Station0.4 miles
- Woodford Station1.0 miles
- Snaresbrook Station1.1 miles
About Stein McBride Property Co. Limited, London & Essex
Suite B1, Sterling House, Langston Road, Loughton, Essex, IG10 3TS.Notes
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