Johnston House, 8 Johnston Road, Woodford Green, Essex, IG8 0XA

** For sale by public auction on 23rd October at 12:00 **

Location & Description
The property is located in the heart of Woodford Green. Johnston House is 50 metres from the junction of Johnston Road and High Road, Woodford Green, in a mixed residential and commercial area. The property is 1 mile to the north of the A406 North Circular Road, and 1 mile to the west of the M11 Motorway, and can be reached via Woodford New Road. Woodford Tube Station (Central Line) is 600m to the east, and Highams Park Lake is 600m to the west.

The property Grade II listed, and comprises a restaurant on the ground floor t/a Storia, and separate access to office/work space units (22 rooms) on the first floor.

Accommodation
The property comprises

Ground Floor: Restaurant (120 covers), bar, kitchen, toilets and outside seating area (30 covers) and parking for x2 cars. GIA 3,003 Sq Ft (279 SqM) NIA 2,841 Sq Ft (263.9 Sq M), Rear external 616 Sq Ft (57.3 Sq M), Front external 139 Sq Ft (13 Sq M)

First Floor: 22 Work space office units, two toilets, and kitchen area GIA 3,463 Sq Ft (322 Sq M)

Lease Details
The ground floor is let to Scuzi Ltd for 20 years from July 2023 at a rent of £80,000 per annum.

The first floor is let to Arbeit Project Ltd for 20 years from November 2023 at a rent of £30,000 per annum, rising to £33,500 per annum in November 2026

Note
1. Areas are for guidance and obtained from a historic valuation report.

Auction Surveyor : Rob Hills
Contact :
Robert.

PRODUCING £110,000 PER ANNUM, RISING TO £113,500 PER ANNUM IN 2026

EPC Rating
Restaurant - B
First Floor Office - B

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