Snakes Lane East, Woodford Green, Essex, IG8
£268.28 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,901 sq ft
177 sq m
- SECTOR
2 bedroom mixed use property for sale
- USE CLASSUse class orders: C3 Dwelling Houses and Class E
C3, E
Key features
- FREEHOLD MIXED USE PROPERTY
- FULLY RENTED INVESTMENT
- CLOSE TO WOODFORD STATION
- ATTRACTIVE INVESTMENT
Description
The premises are located within this popular shopping area being close to Woodford?s Central Line Station. Nearby traders include Pizza Hut Delivery, Dominos Pizza as well as many local independent traders. Snakes Lane East joins up to Woodford Bridge at the junction with Chigwell Road which provides access to Chigwell in one direction as well as well as Charlie Browns Roundabout in the alternate which joins up to the A406 (North Circular).
Description:
Comprising a large retail unit on the ground floor together with a 1st floor 2 bed flat accessed from the rear via a rear service road.
Tenure: Freehold subject to existing tenancies
Tenancy information:
96 Snakes Lane East
Shop Area - 118.8 m² (1270.14 ft²)
Held on a 10 Year Lease from 20th Dec 2018 - £20,000 pax
96a Snakes Lane East
Self-Contained 2 bed flat - 58.7 m² (631.84 ft²)
Kitchen/Diner 22 m² (236.8 ft²)
Bed 1 - 15.5 m² (166.8 ft²)
Bed 2 - 0.95 m² (117.86 ft²)
Hallway - 7.6 m² (81.8 ft²)
Shower Room/WC - 1.2 m² (12.9 ft²)
Held on a 3-year company AST from 2018 - £1,150 pcm
Total Combined rental income - £33,800 pax
Price
Offers sought in the region of £525,000, subject to contract and existing tenancies as above for the freehold interest.
A purchase at this level will equate to a net investment yield of 6.23% and a gross investment of 6.4%
VAT:
The property is not elected for VAT
Energy Performance Certificates
EPC 1EPC 2Brochures
Snakes Lane East, Woodford Green, Essex, IG8
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Woodford Station0.1 miles
- Roding Valley Station0.7 miles
- South Woodford Station1.2 miles
About Countrywide Commercial, Greater London
Connaught House Broomhill Road, Woodford Green Essex IG8 0XRNotes
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