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Retail Property (high street) for sale

Hoe Street, Walthamstow Central, E17 3AX

Withdrawn from Market £1,600,000

Property Description

Key features

  • 2 Bedroom Flat on First Floor
  • 3 Minute Walk to Walthamstow Central
  • Trading for Over 10 Years
  • Over 2,000 sq. ft.
  • Potential for Rear Extentsion
  • Flat Generating 15,600
  • Commercial Freehold

Full description

This is a fantastic opportunity to acquire a highly visible commercial freehold property consisting of a 2 bedroom flat on the first floor and an A1 commercial retail unit on the ground floor currently trading as a Jewellery Shop currently trading for over 10 years. Located on Hoe Street a short walk from Walthamstow Central station this property is located in a prime location due to the huge popularity of the area. This is due to the constant heavy footfall and traffic passing these properties as well as the many attractive business constantly opening in the Walthamstow Central area such as Coffee and Creams, Nandos, McDonald’s and many more this has affected this property positively.This property consists of over 2,000 sq. ft. in space boasting 641.15 Sq. Ft. of space in the retail space bellow. We estimate the ground floor shop to generate a rental figure of approximately £20,000 - £30,000 per annum. The first floor consists 2 bedrooms, separate living room, bathroom and kitchen this is currently generating a figure of approximately £1,200 - £1,300 pcm.This property has great potential for extension at the rear offering you many possibilities to add more flats or more retail space. The seller is seeking a figure of £1,600,000 for this freehold commercial property.

Accommodation

Shop Front: 17.69 Ft.

Retail Space: 641.15 (approx.)

2 Bedroom Flat: 700 sq. ft (approx.) External Space: 267.85

Total – 2000 sq. ft. (approx.)

Tenure
Freehold – £1,600,000
Our Client wishes to sell this Freehold with the flat and retail unit offered in Vacant Possession

Legal fees
The incoming buyer/tenant is responsible for all legal costs.

Rates
We have been advised that the rates payable for the retail space is £8,000.

If you would like to arrange a viewing for this property, please call us on 020 7510 0860 or alternatively call our property consultant directly on 074 1586 3800.

Viewings Strictly Through Appointment Only



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