77-79 Station Road, Chingford, London
Guide Price
£1,170,000
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Mixed use property for sale
Key features
- High Yielding, Multi-Let, Mixed-Use Investment
- Two Retail Units with Office Suites to the Upper Parts
- Retail Unit Let to Coral on New 15 Year Lease
- Retail Unit Let to Restaurant on Lease Expiring 10.01.2039
- Upper Parts Used as Offices - Let to Four Tenants
- Second Floor Vacant - Offering Asset Management and Development Potential (stp)
- Potential to Convert Upper Parts to Residential (subject to consents)
- Prominent High Footfall Pitch
- Investment Let at £105,275 p.a. (9% GIY on Guide Price) with Vacant Second Floor
Description
The property comprises a high yielding, multi-let, mixed-use investment opportunity located in the heart of Chingford and benefitting from both asset management and development potential (subject to consents).
Arranged as two ground floor retail units, with office suites to the first and second floors, the property is let to six tenants with the second floor office suite currently vacant and offering both asset management potential via letting, as well as potential to convert to alternative uses, including residential (subject to obtainiong the requisite consents).
Unit 77 is let to Ladbrokes Betting & Gaming Limited on a new 15 year lease nad paying £29,375 per annum
Unit 79 is let to Private Individuals trading as a restaurant on a 15 year lease expiring 10.01.2039 and paying £26,500 per annum.
The upper parts are let to four tenants on rolling periodic tenancies and produce a total rent of £49,400 per annum.
Please see the below tenancy schedule for more infornation.
The second floor is currently vacant we consider offers asset management potential via letting, improving the rental income for the buildiing.
Alternatively the second floor or all the upper parts could be converted to alternative uses, including residential (subject to the existing leases and any requisite consents).
The property occupies a prominent corner pitch at the junction of Stanley Road and Station Road. Station Road comprises the principal retail amenity in Chingford and is the principal route for access to Chingford Station, approx 0.2 miles away. Nearby tenants include Caffe Nero, Greggs, Amazon Fresh, Costa, Boots and Tesco.
Arranged as two ground floor retail units, with office suites to the first and second floors, the property is let to six tenants with the second floor office suite currently vacant and offering both asset management potential via letting, as well as potential to convert to alternative uses, including residential (subject to obtainiong the requisite consents).
Unit 77 is let to Ladbrokes Betting & Gaming Limited on a new 15 year lease nad paying £29,375 per annum
Unit 79 is let to Private Individuals trading as a restaurant on a 15 year lease expiring 10.01.2039 and paying £26,500 per annum.
The upper parts are let to four tenants on rolling periodic tenancies and produce a total rent of £49,400 per annum.
Please see the below tenancy schedule for more infornation.
The second floor is currently vacant we consider offers asset management potential via letting, improving the rental income for the buildiing.
Alternatively the second floor or all the upper parts could be converted to alternative uses, including residential (subject to the existing leases and any requisite consents).
The property occupies a prominent corner pitch at the junction of Stanley Road and Station Road. Station Road comprises the principal retail amenity in Chingford and is the principal route for access to Chingford Station, approx 0.2 miles away. Nearby tenants include Caffe Nero, Greggs, Amazon Fresh, Costa, Boots and Tesco.
77-79 Station Road, Chingford, London
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Chingford Station0.2 miles
- Highams Park Station1.7 miles
- Buckhurst Hill Station1.8 miles
Notes
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