78 Woodgrange Road , London , Forest Gate, E7 0EN

  • Office, Retail
  • 1,654.52 sq ft
  • For Sale
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Image from Google Street View - 99
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Woodgrange Road, 78. 17.11 (15).JPG
Property Type Office, Retail
Tenure For Sale
Size 1,654.52 sq ft
Freehold Price Offers in excess of £470,000 Subject to VAT
Business Rates £4,339.74 per annum (based on rateable value of £9,060) england-standard
Energy Performance Rating This property has been graded as 193 G

A freehold investment property with scope to further develop and asset manage

Key Features

  • FREEHOLD INVESTMENT IN LONDON BOROUGH OF NEWHAM
  • PREMISES LOCATED OPPOSITE FOREST GATE STATION
  • PREMISES LOCATED OPPOSITE FOREST GATE STATION (CROSS RAIL ARRIVING IN 2018)
  • VALUABLE A2 USE
  • SCOPE FOR FURTHER DEVELOPMENT OPTIONS TO ENHANCE RENT AND CREATE “MIXED USE” INVESTMENT (SUBJECT TO PLANNING AND USUAL CONSENTS)

Location

The subject property is located in Forest Gate, within the London Borough of Newham.
The property is situated on the east side of Woodgrange Road forming part of the popular parade virtually opposite Forest Gate Station providing regular services to London Liverpool Street in the City, approximately 14 minutes journey. Cross Rail is opening at the station in 2019 linking Forest Gate to additional stations into Central London and heading west to Heathrow Airport & Slough. Wanstead Park Station part of the London Overground Service is a few minutes’ walk North of the property.

Description

The premises forms part of a parade of shops arranged as basement, ground and first floors. To the rear there are two parking spaces which are accessed from a break in the parade with an opening into Woodgrange Road. The First Floor is accessed from an internal staircase as is the basement. The main part of the ground floor forms the area currently occupied by the estate agents office with the rear part as a second office and kitchen plus landing. The First floor consists of two offices in addition to a large WC/ bathroom and the basement used as storage.

Lease

15 years FRI Lease from 15th November 2004. Upward only Rent Review every 5th year Passing rent of £24,000 pax

Income producing

Address

Present Lessee

Accommodation

Gross internal area

Lease Terms

Current Rent

Next Rent Review/ Reversion

78 Woodgrange Road, Forest Gate,

London, E7 0EN

Eve Taylor

Wilkinson

Basement:         39.29m²

Ground Floor:   68.23m²

First Floor:         46.19m²

Car Parking:      18.75m²

15 years FRI Lease from 15th November 2004.

 

Upward only Rent Review every 5th year

£24,000 pax

Rent Review:

Nov 2019

 

Lease Ending:

14th Nov 2019

 

Legal Costs

Each party to bear their own legal costs incurred in this transaction, subject to the prospective purchaser solicitors undertaking to pay the landlord’s abortive costs if the prospective purchaser withdraw from the transaction.

Viewings

Strictly by appointment through the sole agent: