154 Hermon Hill, South Woodford E18 1QH

POA
900 Sq Ft

154 Hermon Hill, South Woodford E18 1QH

POA
900 Sq Ft
  • Ref: E181QH154
  • Type: Investment/Development
  • Availability: For Sale

Property Features

  • Rarely available South Woodford freehold opportunity
  • Fully income producing
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  • Property Summary

    Income producing South Woodford E18 mixed use Freehold investment for sale

    Full Details

    Location
    South Woodford is a popular suburb located some 8 miles north east of central London close to the junction of the M11 and the A406 North Circular Road.

    The building is located in a prominent position on the A113 (Hermon Hill) within a secondary retail parade close to the junction with Pulteney Road and being a short distance from George Lane and Charlie Browns roundabout (A406).

    The Ark Fish restaurant is moments away.

    South Woodford Central Line underground station is within very easy walking distance providing the following journey times:

    South Woodford to Liverpool Street - 19 minutes
    South Woodford to Oxford Circus – 29 minutes

    The building is also served by the following bus routes that stop immediately outside:

    W12 – Walthamstow Central to Wanstead
    W13 – Leytonstone to Woodford
    N55 – Woodford to Oxford Circus night service

    Accommodation
    Available accommodation comprises of a 3x storey mid terrace mixed use building as follows:

    Ground floor

    A ground floor retail/office unit in superb decorative order benefiting from glazed frontage, electric roller shutter, suspended ceiling with internal spotlight, CCTV, WC and kitchenette and having an approximate floor area of 300 sq.ft. (27.87 sq.m.).

    We understand the unit is let to a residential letting agent trading as Iglu residential property lettings for a term of 6 years from March 2018 subject to a rent review March 2021 review at a commencing rental of £10,750 pax.

    Upper floors

    Comprising of a split level 2x bedroom maisonette with an entrance from street level. The unit is in excellent decorative order.

    We understand the unit is let by way of a 12 month Assured Shorthold Tenancy (AST) at a monthly rental of £1,250 pcm.

    Terms

    Tenure
    Freehold

    Price
    Offers in excess of £500,000 are being sought for the freehold interest subject to the aforementioned tenancies.

    All rents, prices and premiums are exclusive of VAT under The Finance Act 1989. Accordingly, interested parties are advised to consult their professional advisers as to their liabilities, if any, in this direction.

    Legal costs
    Each party to be responsible for their own legal costs incurred in this transaction.

    EPC
    An EPC will be available shortly.

    Consumer Protection & Money Laundering Regulations
    It is recommended that applicants seek independent professional advice before entering into a contract on this property. It is required to gain proof of identity from companies and individuals before accepting an offer for any property.

    Services/Utilities
    Reference to all/any services, utilities or fixtures & fittings in these particulars does not imply they are in full and efficient working order.

    Viewing
    Strictly by arrangement via sole agents