£495,000

Retail premises for sale

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Guide price

£495,000

(£260.39/sq. ft)

Retail premises for sale

Snakes Lane East, Woodford Green IG8

1,901 sq. ft

Local area information

Property location

Nearby amenities

  • Woodford 0.2 miles
  • Ray Lodge Primary School 0.3 miles
  • Woodbridge High School 0.5 miles
  • Roding Valley 0.7 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guides for Woodford, Woodford Green and South Woodford to find out more about the local area.

Features and description

  • Freehold for sale
  • Fully rented
  • Close to woodford green train station
  • Attractive investment
  • £495,000, subject to contract
Location:
The premises are located within this popular shopping area being close to Woodford’s Central Line Station. Nearby traders include Pizza Hut Delivery, Dominos Pizza as well as many local independent traders. Snakes Lane East joins up to Woodford Bridge at the junction with Chigwell Road which provides access to Chigwell in one direction as well as well as Charlie Browns Roundabout in the alternate which joins up to the A406 (North Circular).

Description:
Comprising a large retail unit on the ground floor together with a 1st floor 2 bed flat accessed from the rear via a rear service road.

Tenure: Freehold subject to existing tenancies

Tenancy information:

96 Snakes Lane East
Shop Area – 118.8 m² (1270.14 ft²)
Held on a 10 Year Lease from 20th Dec 2018 - £20,000 pax

96a Snakes Lane East
Self-Contained 2 bed flat - 58.7 m² (631.84 ft²)
Kitchen/Diner 22 m² (236.8 ft²)
Bed 1 - 15.5 m² (166.8 ft²)
Bed 2 - 0.95 m² (117.86 ft²)
Hallway - 7.6 m² (81.8 ft²)
Shower Room/WC - 1.2 m² (12.9 ft²)
Held on a 3-year company AST from 2018 - £1,150 pcm

Total Combined rental income - £33,800 pax

Price
Offers sought in the region of £495,000, subject to contract

VAT:
The property is not elected for VAT

Floor plans and tours

Floor plans (1)

1 floor plan available

View the floor plan to understand the space and layout of this property.

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  1. Zoopla
  2. Commercial for sale
  3. Essex
  4. East London
  5. Redbridge (London Borough)
  6. Woodford Green
  7. Snakes Lane East