£1,300,000
Retail premises for sale
Property photos
Offers in region of
£1,300,000
(£580.36/sq. ft)
Retail premises for sale
The Broadway, Woodford Green IG8Local area information
Property location
Nearby amenities
- Woodford 0.1 miles
- Woodford Green Preparatory School 0.3 miles
- Ray Lodge Primary School 0.5 miles
- Roding Valley 0.8 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
- Prime mixed-use freehold investment
- Fully let
- Ground floor shop & lower ground
- Two self-contained 2 bed flats
- Gross income of £73,800 pa
- Opposite woodford underground station
- Affluent and connected location
The ground floor and basement are let as a coffee shop on a 20-year full repairing and insuring lease from 1st January 2022, expiring 31st December 2041, with a rent review in January 2027 and 5 yearly reviews thereafter. The upper parts comprise three 2-bedroom flats, all let and producing a total gross rental income of £73,800 per annum. Tenure is freehold subject to the existing tenancies.
The property occupies a highly visible position on The Broadway amongst a strong mix of local and multiple occupiers including Costa Coffee, Sainsburys Local, Cook and The Co-op, making this an attractive investment in an affluent and well-connected East London location.
Tenancy schedule
Ground floor shop & basement: £37,200 pax
1st floor 2-bed flat: £15,600 pa
2nd floor 2-bed flat: £21,000 pa
3rd floor 2-bed flat: Sold off on a 125 year lease from Dec 2011
Total: £73,800 per annum
Use class
Commercial unit with residential upper parts
Tenure
Freehold, subject to existing tenancies
Floor plans and tours
Floor plans (4)
4 floor plans available
View the floor plans to understand the space and layout of this property.
More information
Listed by
Countrywide Commercial
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