218 High Road, Woodford Green IG8 9HH

£370,000 Offers Over
802 Sq Ft

218 High Road, Woodford Green IG8 9HH

£370,000 Offers Over
802 Sq Ft
  • Ref: IG89HH218
  • Type: Investment/Development
  • Availability: For Sale

Property Features

  • Freehold
  • Mixed use investment
  • Rarely available
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  • Property Summary

    A small mixed use freehold in a charming Woodford Green position

    Full Details

    Location
    The building is located at the end of a well known secondary mixed use parade on the High Road Woodford Green close to the St Albans Road junction. This location benefits from an extremely high volume of vehicular traffic passing throughout the day.

    South Woodford Underground Station (Central Line Zone 4) is within walking distance providing the following approximate journey times:

    South Woodford to Liverpool Street – 19 minutes
    South Woodford to Oxford Circus – 29 minutes
    South Woodford to Epping – 17 minutes

    Additionally, the High Road is served by the following bus routes:

    179 – Chingford to Ilford
    W13 – Leytonstone to Woodford Green
    N55 – Woodford Green to Oxford Circus

    *Information provided by TfL

    Accommodation
    The building comprises of a 4 storey end of terrace building over lower ground, ground and 2x upper floors. The ground and lower ground (rear) floors are let on effective FR & I terms whilst the lower ground floor (rear) comprises a vacant 1x bedroom flat with courtyard garden.

    The split level maisonette over first and second floors is sold off on a long lease.

    Approximate floor areas and dimensions as follows: Ground floor shop internal width - 15’3” narrowing to 11’3”, shop depth - 31’1”.

    Ground floor shop - 446 sq.ft. (41.43 sq.m.), lower ground floor (front) - 356 sq.ft. (33.07 sq.m.), Total - 802 sq.ft. (74.51 sq.m.).

    L/G floor (rear) 1x bedroom flat - 455 sq.ft. (42.27 sq.m.).

    Tenancy
    Entire ground and lower ground floor (front) are let to Ms E Payne trading as ‘Barking Beautiful’ dog groomers and spa for a term of 5 years from 2 January 2022 at a rental of £14,400 pa exclusive.

    We understand that Ms Payne will enter into a longer lease of the ground and lower ground floor if required.

    Terms

    Tenure
    The premises are to be sold Freehold subject to the aforementioned tenancy and vacant possession of the basement flat.
    We are advised that the Estimated Rental Value (ERV) of the lower ground floor flat is in the order of £1,200 pcm.

    Price

    Offers in excess of £370,000 are being sought.

    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.

    EPC
    To be advised.

    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/or 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.

    Legal costs
    Both parties reasonable legal costs are to be borne by the Purchaser.

    Viewing
    Strictly by arrangement via vendors sole agents: