36/36a Chingford Mount Road, London, E4 9AB

  • Investment
  • 1,683.25 sq ft
  • For Sale
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Under offer
Property Type Investment
Availability For Sale
Size 1,683.25 sq ft
Price Offers in Excess of £450,000
Business Rates £4,426.75 (based on rateable value of £8,646). We would advise that any potential tenant make their own enquiries to the council to find out whether a small business relief can be offered.
Energy Performance Rating Upon enquiry

Freehold shop with self contained 2 bed flat

Key Features

  • • ATTRACTIVE MIX-USE INVESTMENT OF COMMERCIAL GROUND FLOOR UNIT WITH RESIDENTIAL ABOVE
  • • RARE FREEHOLD OPPORTUNITY IN SOUGHT AFTER LONDON SUBURB
  • • ASSET MANAGEMENT OPPORTUNITY

Location

The subject property is located in Chingford which forms part of the London Borough of Waltham Forest situated 8.6 miles north east of Central London.
The premises are situated on the east side of Chingford Mount Rd (A112) which runs in a southerly direction connecting with the orbital A406 and in a northerly direction intersects with the A1009 and heading beyond to lead to the M25.

The surrounding area is mixed use with a variety of housing and flats off the main road with local shops and restaurants along the A12. Nearby (0.1 miles) is a Morrison Superstore and with Highams Park Railway Station (London Overground) approximately 1 mile to the east with regular services to London Liverpool Street. Bus stops are situated outside the shop with regular services to Chingford to the north and Blackhorse Rd and Walthamstow Stations to the south.

Available area

Floor / UnitDescriptionSizeAvailability
G Shop 1,011.48 sq ft Available
1st Flat 671.18 sq ft Available

Description

The property comprises of a ground floor retail unit with access to a self-contained 2-bed maisonette on the 1st floor accessed from a separate door to the rear.

Schedule of Tenancies

Unit

Tenant

Lease

Passing Rent

Comment

36 Chingford Mount Rd

Hassan AKhtar

16 years FR&I lease with effect from the 1st October 2010 with 4 yearly upward only Rent Reviews.

£12,588

E class Use as butcher and grocer. Next review due 1st October 2022

36A Chingford Mount Rd

Bystone Ltd

3 year AST from 9th October 2020

£15,600

Sub-let to London Borough of Newham

Total

 

 

£27,888

 

 

Council Tax

Band B. Amount due for 2020/2021 £1369.13

Legal Costs

Each party to bear their own legal costs incurred in this transaction. The prospective tenant is required to give an undertaking through their solicitors prior to the commencement of legal formalities for any abortive legal costs should they withdraw from the transaction.

Viewing

Strictly by appointment through the landlords sole agents, Dobbin and Sullivan