|Investment / Retail
|4,100 sq ft
|Offers in excess of £940,000 Reflecting a Net Initial Yield of 7% after allowing for purchaser costs at 6.8% at this level and a Gross Yield of 7.45%. By way of separate negotiation, 2 bed flats above unit also available. Please call to discuss further details.
|£17,589.75 per annum £35,250 is the present rateable value of the property, however we would advise that any potential purchaser make their own enquiries to the council as this is likely to increase in April 2023.
|Energy Performance Rating
|This property has been graded as B (36)
The property comprises of a modern fitted out ground floor supermarket with access to the front as well as delivery access from Normanshire Drive. The unit benefits from both retail frontages to both highways.
The accommodation comprises of the following
|Ground - Main Retail Area
The premises are situated on the east side of Chingford Mount Road (A112) with its junction to Normanshire Drive. The (A112) runs in a southerly direction connecting with the orbital A406 and in a northerly direction intersects with the A1009 and leads to the M25. The surrounding area is mixed use with housing and flats including the A112 populated with local high street shops, banks and restaurants. Higham's Park Railway Station is 1.4 miles to the south east with regular services to London Liverpool Street.
Strictly by appointment only with Landlords sole agents
A new 999-year lease subject to peppercorn rent with a 20 year sublease let as follows: Tenant: Abdullah Dari. FRI lease from Dec 2016, 5 yearly reviews, 20 year term inside LTA 1954 Rent: £70,000 pax. Class E Use. Deposit: £17,449
Each party to bear their own legal costs incurred in this transaction.