Property description
A1 Commercial unit + 3 bedroom flat upstairs -TO LET / LEASE ASSIGNMENT
Key Features
A1 Commercial unit
9 years remaining on the lease
3 bedroom flat/Income £14,000 pa
Air conditioned
Rear parking
Outside storage
Electrical shutter
CCTV
Description
This is a great opportunity to acquire an A1 commercial unit on a busy parade in Walthamstow. The area is characterised by very good footfall. The parade is currently occupied by many well know high street retailers such as Natwest, BHS, Argos, Santander and Specsavers. The property is air conditioned and benefits from CCTV system, electric shutter, rear parking and outside storage. Moreover, the unit comes with 3 bedroom flat located above. We have been advised that the income from the flat is £14,000 per year.
Our client has advised us that the shop generates income of:
• Lottery £4,500 - £5,000 per week
• Oyster/Bus pass £14,000 - £15,000 per week
• Paper bill £1,200 per week
• E-Pay £2,000 per week
• Grocery £8,000 per week
• Money exchange £14,000 per annum
The property is located close to the Walthamstow rail station (National Rail) and Walthamstow Queen’s Road (London Over ground) station connecting the area with Central London and the surrounding area. There is also direct access to the A503 and A112 linking you with M11.
Accommodation
Main area:
Width/Frontage: 18” approx
Depth: 39“approx
Main area size: 700sqft approx
Total size: 700sqft approx
Tenure
Leasehold - £30,000 per annum.
Our client wishes to assign the lease which has 9 years remaining.
Premium – £160,000.
Legal Fees
Each party is to bear their own legal cost.
Rates
We have been advised that the current business rates payable are £9,500 pa. However, all interested parties are encouraged to make their own enquiries with London Borough of Waltham Forest.
Viewings
By Prior Appointment through agents Ranson UK LTD.
Tel: 0207 538 4057
Email: enquiries@ranson.co.uk
Property Features :
- A1 Commercial unit
- 9 years remaining on the lease
- 3 bedroom flat/Income £14,000 pa
- Air conditioned
- Rear parking