12-20 Wood Street, London, E17 3HT
Size
4,167
Tenure
Leasehold
EPC
Parking
Ask agent
- Primary use
- High street retail
- Frontage
- Ask agent
No floor / site plan
Key features
- Prime Walthamstow investment opportunity
- Let to Tesco with secure income stream
- A New 125 Year Lease is Now Available
- Significant potential for long-term growth
Description
A rare opportunity to acquire a secure retail investment in a busy London location. The property comprises a substantial ground floor retail unit let to Tesco, generating a current rental income of £59,547 per annum. The lease includes upward-only RPI-linked rent reviews, the last of which was in July 2023 with the next scheduled for July 2028. Offered at a reduced price of £950,000, the investment reflects a gross initial yield of 6.27% and a net initial yield of 5.75% (assuming standard purchaser’s costs). The property benefits from prominent frontage, excellent footfall, and long-term income from a strong national covenant.
Location
12-20 Wood Street is prominently situated in the heart of Walthamstow, within the vibrant Wood Street neighbourhood. The area benefits from excellent transport links with Wood Street Overground Station just a short walk away, providing direct services to London Liverpool Street. The surrounding area is a popular and well-established retail and residential location with a strong local customer base and increasing levels of regeneration and investment activity.
Legal Costs
Each party to bear their own costs in the transaction
Tenure
Now available with a new 125 year long lease
The letting to Tesco was agreed in September 2013 for a period 20 years, expiring in September 2033.
- Service charge
- Ask agent
- Business rates
- £34,965
- Use class
- E
- Listed building
- Ask agent
- Tenure
- Leasehold
- Length of lease
- Ask agent
An Energy Performance certificate helps you understand the current energy efficiency of a property.
Read more about EPC requirementsAsk agent
- BREEAM rating
- Ask agent
- Environmental description
- Ask agent
Brochure
12-20 Wood Street, London, E17 3HT
About Dobbin & Sullivan, London
Dobbin & Sullivan provide a personalised service where clients select the correct level of input for their particular requirement. Our expertise and experience enable us to provide a comprehensive and diverse range of commercial property solutions dynamically and effectively.Our core principle that each instruction retains its level of importance and our ability to remain focused upon our clients' aim has provided growth through recommendation and reputation.
Your search history
You have no recent searches
Disclaimer - Property reference 304113-1. 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 Dobbin & Sullivan, 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.