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

  • Investment / Office / Retail
  • 1,966 sq ft
  • For Sale
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Under Offer
Property Type Investment / Office / Retail
Tenure For Sale
Size 1,966 sq ft
Price Offers in excess of £600,000 Subject to VAT
Business Rates £6,861.25 Per annum
Energy Performance Rating This property has been graded as C (74)

A rare opportunity to acquire a freehold comprising a ground floor shop and refurbished self-contained residential accommodation above.

Key Features

  • Freehold investment in the London Borough of Newham
  • Retail parade with high footfall
  • Premises located opposite Forest Gate Railway Station
  • Valuable E Class Use on the ground floor
  • Elizabeth Line Crossrail services
  • Parking to the rear of the property

Description

The premises forms part of a parade with mix retail and residential properties, comprised of 2 storeys arranged as ground and first floors with additional space in the basement. To the rear there are two parking spaces which are accessed from a break in the parade with an opening into Woodgrange Road. The ground floor is predominantly occupied by the estate agent, with the rear section offering additional office space and a kitchen area. The first floor consists of self-contained residential accommodation, accessed via internal staircase with entrance off Woodgrange Road

Available area

Name sq ft Availability
Basement 593 Available
Ground 593 Available
1st 600 Available
Outdoor 180 Available

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. The Elizabeth Line Crossrail provides regular services to Liverpool Street, which is approximately a 13 minute journey, additionally the recent opening of the Crossrail has created strong links to Heathrow Airport & Slough. Wanstead Park Station froms part of the London Overground Service, this is just a few minutes’ walk North of the property.

Viewings

Strictly by appointment through the sole agent:

Price

We are instructed to seek offers in excess of £600,000 exclusive of VAT, the premises is let to a private tenant on a FRI lease for a term of 9 years with effect from 15 November 2019 at a rent of £30,000pa (exclusive of VAT). The annual rent will be subject to a rent review on 15 November 2022 and 15 November 2025.

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.