29 Winchester Road, Chingford, Waltham Forest E4
Size
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Tenure
Freehold
EPC
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Parking
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- Primary use
- High street retail
- Other use(s)
- Mixed use
- Frontage
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Building amenities
Additional costs may apply for some services – please check the full property description for more details.
- Transport links
Key features
- Underlet
- ERV Yield c.9.2%
- Freehold
- 9 Apartments
- C3 Use
- Class E Use
Description
• Opportunity to acquire an underlet freehold mixed-use investment comprising 9 self-contained residential apartments and 2 ground floor commercial units in Highams Park, offering strong day-one income with clear reversionary potential across all elements.
LOCATION
• The property is located on Winchester Road, Highams Park (E4), approximately a 5-minute walk from Highams Park Overground Station, which provides direct services into London Liverpool Street in approximately 25 minutes.
• Walthamstow Central Station (Victoria Line and Overground) is approximately 12 minutes by car, providing direct access into Central London.
• The area is popular with professionals, families and renters, benefiting from a strong local amenity offering including shops, supermarkets, cafes, schools and green spaces including Epping Forest, with easy access to the A406 North Circular and M11 motorway.
DESCRIPTION
• The property comprises a mid-parade mixed-use building arranged over ground, first and second floors providing 9 self-contained residential apartments and 2 ground floor commercial shop units.
• The 9 residential apartments (8 x Studio, 1 x 1 Bed) extend to a total of approximately 2,110 SqFt and are all currently let on ASTs, producing a total residential income of £89,880 per annum.
• The commercial element comprises two ground floor units extending to a total of approximately 777 SqFt. Unit A is let at £6,000 per annum and Unit B is currently owner occupied and will be vacated upon completion.
• The total commercial EMRV is £31,000 per annum (Unit A at £9,000 per annum and Unit B at £22,000 per annum), providing an immediate letting opportunity upon completion.
• The property is currently producing a total income of £95,880 per annum.
• Each residential unit benefits from an individual electricity meter with tenants paying their own electricity bills and council tax. Gas and water utilities are understood to be included in the rent and paid by the vendor.
TERMS
• The property is not elected for VAT.
• The property is available freehold.
• Offers in excess of £1,600,000
- Service charge
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- Business rates
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- Use class
- C3, E
- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
29 Winchester Road, Chingford, Waltham Forest E4
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Disclaimer - Property reference WinchesterRd. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Di Properties Ltd, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.