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Just added
Freehold
Offers over
£650,000
Property for sale
Chigwell Road, Woodford Green IG8Local area information
Property location
Nearby amenities
- Roding Primary School 0.2 miles
- Ray Lodge Primary School 0.4 miles
- Woodford 0.8 miles
- Roding Valley 0.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Woodford to find out more about the local area.
Features and description
- Freehold
- Freehold shop & flat
- Suitable for investors or owner-occupiers
- Chigwell Road location
- Possible development potential (STPP)
- Includes forecourt
** freehold shop & flat for sale ** - Situated on Chigwell Road, Woodford Green, which connects Woodford to Chigwell. This part of Chigwell Road forms a mixed commercial parade comprising shops, restaurants, cafes and offices. The closest train station is Woodford which is on the Central Line. Parking is available along Chigwell Road. Comprising a ground floor shop which has traded as 'Shumailas' for many years. Above the shop is a self-contained flat which is accessed via the rear of the property. The premises may be suitable for reconfiguration or redevelopment (subject to gaining the necessary consents). The tenant has a lease over the shop and flat at a rent of £20,000 per annum but they are holding over, meaning that the premises may be of interest to investors or owner-occupiers. Please call Clarke Hillyer on for further information.
Location
Situated on Chigwell Road, Woodford Green, which connects Woodford to Chigwell. This part of Chigwell Road forms a mixed commercial parade comprising shops, restaurants, cafes and offices. The closest train station is Woodford which is on the Central Line. Parking is available along Chigwell Road.
Description
Comprising a ground floor shop which has traded as 'Shumailas' for many years. Above the shop is a self-contained flat which is accessed via the rear of the property. The premises may be suitable for reconfiguration or redevelopment (subject to gaining the necessary consents) and are more particularly described as follows:
Ground floor: Sales Area: 574 sq ft (53.3 sq m); Kitchenette: 64 sq ft (5.9 sq m); Rear Treatment Room: 181 sq ft (16.8 sq m); WC.
First floor: Living room; bedroom; kitchen; shower room; WC.
Second floor: 2 rooms.
All measurements quoted are approximate only.
Tenancies
The shop and flat were originally let on a single full repairing and insuring lease for a term of 10 years from March 2015. The tenant is now holding over at a rent of £20,000 per annum. The landlord is in the early stages of a lease renewal (further details are available upon request). A prospective purchaser may have the opportunity to refuse the renewal, subject to self-occupation.
Terms
The freehold is available, subject to the existing tenancy agreements, for offers in excess of £650,000.
Business Rates
Redbridge Council have informed us that the shop has a rateable value of £14,000 under the 2023 Valuation List.
Council Tax
The flat is within Band B.
Viewings
Strictly via sole agents Clarke Hillyer, tel .
Epc
The shop has an Energy Performance Certificate rating of B and the flat has an EPC rating of E.
Location
Situated on Chigwell Road, Woodford Green, which connects Woodford to Chigwell. This part of Chigwell Road forms a mixed commercial parade comprising shops, restaurants, cafes and offices. The closest train station is Woodford which is on the Central Line. Parking is available along Chigwell Road.
Description
Comprising a ground floor shop which has traded as 'Shumailas' for many years. Above the shop is a self-contained flat which is accessed via the rear of the property. The premises may be suitable for reconfiguration or redevelopment (subject to gaining the necessary consents) and are more particularly described as follows:
Ground floor: Sales Area: 574 sq ft (53.3 sq m); Kitchenette: 64 sq ft (5.9 sq m); Rear Treatment Room: 181 sq ft (16.8 sq m); WC.
First floor: Living room; bedroom; kitchen; shower room; WC.
Second floor: 2 rooms.
All measurements quoted are approximate only.
Tenancies
The shop and flat were originally let on a single full repairing and insuring lease for a term of 10 years from March 2015. The tenant is now holding over at a rent of £20,000 per annum. The landlord is in the early stages of a lease renewal (further details are available upon request). A prospective purchaser may have the opportunity to refuse the renewal, subject to self-occupation.
Terms
The freehold is available, subject to the existing tenancy agreements, for offers in excess of £650,000.
Business Rates
Redbridge Council have informed us that the shop has a rateable value of £14,000 under the 2023 Valuation List.
Council Tax
The flat is within Band B.
Viewings
Strictly via sole agents Clarke Hillyer, tel .
Epc
The shop has an Energy Performance Certificate rating of B and the flat has an EPC rating of E.
More information
Listed by
Clarke Hillyer
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Property descriptions and related information displayed on this page are marketing materials provided by - Clarke Hillyer. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Clarke Hillyer for full details and further information.