Kings Road, North Chingford

** FREEHOLD SHOP, UPPER PARTS & REAR YARD FOR SALE ** - The premises are situated prominently on the corner of Kings Road and Balgonie Road in Chingford, East London. Located off Kings Road is Station Road, which is the main shopping area in North Chingford. Chingford Station in on the Overground Network and Access to the motorway network is via the M25 at Waltham Abbey or the M11 at Loughton (Southbound Only). Comprising a ground floor shop which has traded as a dry cleaners' for many years. The upper parts have previously been used as a flat but currently provide internally-accessed storage for the business. To the rear of the premises is a yard, with vehicular access from Balgonie Road, which is used for parking and storage. The premises may be suitable for development and/or reconfiguration, subject to gaining the necessary consents. Please call CLARKE HILLYER on for further information.

Location - The premises are situated prominently on the corner of Kings Road and Balgonie Road in Chingford, East London. Located off Kings Road is Station Road, which is the main shopping area in North Chingford, and this comprises a variety of independent occupiers as well as many multiple operators such as Greggs, Amazon Fresh and Costa Coffee. Chingford Station in on the Overground Network and provides a regular and direct service into London Liverpool Street. Access to the motorway network is via the M25 at Waltham Abbey or the M11 at Loughton (Southbound Only).

Description - Comprising a ground floor shop which has traded as a dry cleaners' for many years. The upper parts have previously been used as a flat but currently provide internally-accessed storage for the business. To the rear of the premises is a yard, with vehicular access from Balgonie Road, which is used for parking and storage. The accommodation is more particularly described as follows:
Ground floor shop/office/ancillary: 1,163 sq ft (108 sq m).
First floor ancillary/bathroom/wc: 512 sq ft (47.5 sq m).
Loft: 560 sq ft (52 sq m).
Rear Yard: 2,056 sq ft (191 sq m).
Total: 4,291 sq ft (398.5 sq m).
All measurements quoted are approximate only and on the basis of Gross Internal Area.

Planning - The premises may be suitable for development and/or reconfiguration, subject to gaining the necessary consents. A planning application has previously been submitted to demolish the existing ground floor side extension and construct a two-storey side, part single, part two-storey rear extension; hip-to-gable roof extension with rear dormer roof extension to main rear roof in connection to change of use from retail unit (Class E) to mixed use retail and residential unit (Class E/C3) to create 3 x 1-bedroom flats with associated refuse/recycle, bicycle storage and soft landscaping. However, this application was withdrawn due to health issues.

Terms - The freehold is available, subject to vacant possession, for £695,000.

Business Rates - Waltham Forest Council have informed us of the following:
2023 Rateable Value: £16,250
2024/25 UBR: £0.499
2024/25 Rates Payable: £8,108.75
Interested parties are advised to contact the local authority to confirm current rates liability.

Viewings - Strictly via sole agents Clarke Hillyer on . The premises are available confidentially and all viewings must be accompanied.

Epc - The premises have an Energy Performance Certificate rating of C.