The Broadway, Woodford Green

** FREEHOLD INVESTMENT FOR SALE ** - Situated on The Broadway, Woodford Green, which is opposite the main entrance to Woodford Underground Station (Central Line). A variety of independent businesses are located in the Broadway, as well as many multiple traders such as Cook, The Co-Op and Sainsburys Local. Comprising an extended ground floor lock-up shop (with basement) which has traded as a 'Belgique' cafe/delicatessen for many years. The 1st and 2nd floors each comprise a 2 x bedroom flat and there is parking at the rear of the property. The total income is currently £66,000 per annum. Please call CLARKE HILLYER on for further information.

Location - Situated on The Broadway, Woodford Green, which is opposite the main entrance to Woodford Underground Station (Central Line). A variety of independent businesses are located in the Broadway, as well as many multiple traders such as Cook, The Co-Op and Sainsburys Local.

Description - Comprising an extended ground floor lock-up shop (with basement) which has traded as a 'Belgique' cafe/delicatessen for many years. At the rear of property is an area for parking. The 1st and 2nd floors each comprise a 2 x bedroom flat. The premises are more particularly described as follows:
Shop: Service/seating area: 1,260 sq ft (117.1 sq m); Prep Area: 573 sq ft (53.3 sq m); Basement Office (with restricted head height): 407 sq ft (37.2 sq m). Toilet facilities included.
First Floor: Flat comprising 2 bedrooms, open-plan kitchen/lounge/diner, bathroom/wc & roof garden.
Second Floor: Flat comprising 2 bedrooms, open-plan kitchen/lounge & bathroom/wc.
All areas quoted are approximate only.

Tenancies - Shop: Let on a 20 year full repairing and insuring lease from January 2022 at a rent of £37,200 per annum. There are rent reviews every 5 years and a 10 year tenant's break clause.
11a: Let on an AST at a rent of £1,200 per month.
11b: Let on an AST at a rent of £1,200 per month.
11c: Sold off on a 125 year lease from March 2011 at a peppercorn ground rent.

Terms - The freehold, subject to the current tenancies, is available for £1,300,000. There is also the possibility of including the 3rd floor flat with the purchase, and further details are available upon request.

Business Rates - The London Borough of Redbridge have informed us of the following;
Shop:
2023 Rateable Value: £25,500
Basement:
2023 Rateable Value: £1,450

Council Tax - The 2 flats are both within Council Tax band C.

Viewings - Strictly via sole agents Clarke Hillyer on .

Epcs - The shop has an EPC rating of B, the 1st floor flat has an EPC rating of E and the 2nd floor flat has an EPC rating of D.