Overview

Property ID: 19112364
  • Commercial
  • Property Type
  • 0
  • Bedroom
  • 0
  • Bathroom

Description

RIGHT-STEP Real Estate is pleased to present this amazing FREEHOLD INVESTMENT opportunity in the heart of Chingford’s Busy high street. Comprising a 2-story mid-terrace building with a lock-up shop on the ground floor and a self-contained 3-bedroom flat above.

We have been advised by the Current Freeholders that the ground floor Commercial Lock-up shop is currently leased to a Hair & beauty business on a 20-year lease that began in 2015. Annual rent is currently at £16,537.50 per annum until 2/7/2025 and thereafter increasing to the sum of £18,191.25 from 3/7/2025 to the remainder of the term. The First Floor self-contained 3-bedroom Flat is achieving £50 per annum ground rent, It was sold on a residential lease of 125 years in 2011 with a current remaining Residential lease of 114 Years. Please note, this will turn into an investment when the leaseholders need to renew the lease. Currently, you also have the option to purchase the residential leasehold at £325,000.

Location
This investment property is situated on an established parade of shops in the heart of Chingford’s busy high street, Chingford mount On Chingford Mount are several multiple retailers including Greggs, Tesco Express and Sainsbury. There are also a number of banks, restaurants, and shops such as Costa Coffee, subways and KFC. Chingford mounts transport links provides a regular service into Central London and Pay and Display parking is available on the street. Access to the motorway network is via the A406 to the M11 and M25 is just a short drive away.

**Viewing of this premises is strictly by appointment only, For more information or if you would like to book a viewing, lease contact our sales Department**

Declaration
We endeavour to make our marketing particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective applicants only and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the Vendor.

Money Laundering Regulations
PLEASE NOTE: Any intending applicants that wish to offer on this property shall be required to supply identification documents, proof of address, proof of funds, conveyancing solicitor details and lender/broker details in order to satisfy the Money laundering regulations and qualification process. We would ask for your co-operation in order that there will be no delay in agreeing on the sale.

Ground Floor Commercial Unit (113.4 (372’0″))

First Floor 3 Bedroom flat (73.2 (240’1″))

Property Documents

Hall Lane, Chingford, E4

Floor Plans

image

Description:

  • City London
  • Area Chingford

Details

Updated on February 22, 2024 at 9:18 pm
  • Property ID: 19112364
  • Price: £280,000
  • Bedroom: 0
  • Room: 0
  • Bathroom: 0
  • Property Type: Commercial
  • Property Status: For Sale

Contact Information

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Hasan Kadri

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Hasan Kadri
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