Waltham Road, Woodford Green, IG8

DESCRIPTION

The property provides an end of terrace former residential property having been converted to veterinary accommodation to the ground floor and 2-bedroom flat above. The property is of rendered brick construction under a pitched tiled roof with single storey flat roof extension to the rear and converted garage to the side elevation also utilised within the veterinary surgery. The ground floor provides a range of clinical and clerical accommodation along with kennels and cattery. The first floor flat is self contained with an internal stairwell to the front and external staircase to the rear garden. The flat is in excellent condition throughout having recently been refurbished comprising two double bedrooms, bathroom, kitchen and lounge all fitted out to a high standard Set within the Woodford Green area of the large town of Woodford, the property is set within a predominantly residential area to the east of the M11. The nearby Chigwell Road provides a range of (truncated)

ACCOMMODATION

Approximate Net Internal Area (NIA) floor areas: sq m sq ft Ground Floor Veterinary 102.19 1100 First Floor 2 bedroom flat

SITUATION

The property is set within the Woodford Green area of the town of Woodford, East London. Set to the east of the M11, the property benefits from excellent transport links with the A104 running through Woodford Green and forming its High Street while Chigwell Road, the A113, runs along the east side with Broadmead Road connecting the two. Woodford Green is also served by Woodford tube station providing accessibility to central London.

OUTSIDE

Private off road parking is provided to the front of the property for three vehicles. A large garden is set to the rear and access from the rear of the ground floor and first floor via an external staircase.

COVENANT

Founded in 2014, Linnaeus is one of the largest veterinary groups in the UK and Ireland offering specialist referral services as well as primary care across their network of practices. Linnaeus is part of the Mars Veterinary Health group with its network of 2,500 veterinary clinics and hospitals in over 20 countries, providing industry leading pet care in over 25 million pet care visits every year. Linnaeus Veterinary Limited (Company Number: 10790375) have achieved a credit score of 72, deemed "BELOW AVERAGE RISK" by Experian. The ultimate holding company is Mars. The turnover as at YE 2023 was £398 million. Source: Experian: 05.06.2025.

TENURE

Freehold subject to existing lease agreement. Prospective purchasers are advised to make their own investigations in this regard. Brief terms of the current lease agreement are as follows: • Circa 15 year terms expiring March 2033 • Permitted use as offices within use class B1 and as a veterinary surgery together with associated use and nurses accommodation within use class B1 • Current passing rent of £29,500 per annum exclusive • Rent reviews 5 yearly increase only to open market rent • No break clauses • Full repairing terms subject to schedule of condition • Tenant to decorate externally every 3 years and internally every 5 years • Within Landlord and Tenant Act 1954

RIGHTS OF WAY & EASEMENTS

The property is sold with any rights, easements or incidents of tenure which affect it.

SERVICES

The property is understood to benefit from mains service connections including water, drainage, electric and gas along with air conditioning to ground floor areas. A separate gas fired boiler is provided to the first floor accommodation. Prospective purchasers are advised to make their own investigations in this regard.

BUSINESS RATES & COUNCIL TAX

Current rateable value - £11,250 Council Tax - Band A

VIEWING

Strictly by appointment with joint agents David James and Laroc Consultancy