£795,000
(£336.72/sq. ft)
Retail premises for saleWood Street, Walthamstow E17
2,361 sq. ft
Freehold
About this property
An opportunity to purchase the freehold interest in this three-storey, mixed-use property in Walthamstow, just a five-minute walk from Wood Street Station.
The property comprises a ground-floor retail shop with an outbuilding at the rear of the garden, and a split-level flat upstairs, which can be converted into two one-bedroom apartments.
Description
An opportunity to purchase the freehold interest in this three-storey, mixed-use property in Walthamstow, just a five-minute walk from Wood Street Station.
The property comprises a ground-floor retail shop with an outbuilding at the rear of the garden, and a split-level flat upstairs, which can be converted into two one-bedroom apartments.
Currently, the owner occupies both the downstairs shop and the upstairs flat, but the property can be sold with full vacant possession. The owner has also expressed interest in renting the shop from the new owner.
We estimate that the downstairs shop can be rented for £16,000 per annum, and the two upstairs flats, once officially converted, can be rented for £1,500 pcm per one-bedroom flat. This would total £52,000 annually, producing a 6.5% yield at the assumed asking price.
Please note that there is a substantial crack in the ceiling of the first floor towards the rear of the property, which the current owner has advised will be repaired.
The property comprises a ground-floor retail shop with an outbuilding at the rear of the garden, and a split-level flat upstairs, which can be converted into two one-bedroom apartments.
Description
An opportunity to purchase the freehold interest in this three-storey, mixed-use property in Walthamstow, just a five-minute walk from Wood Street Station.
The property comprises a ground-floor retail shop with an outbuilding at the rear of the garden, and a split-level flat upstairs, which can be converted into two one-bedroom apartments.
Currently, the owner occupies both the downstairs shop and the upstairs flat, but the property can be sold with full vacant possession. The owner has also expressed interest in renting the shop from the new owner.
We estimate that the downstairs shop can be rented for £16,000 per annum, and the two upstairs flats, once officially converted, can be rented for £1,500 pcm per one-bedroom flat. This would total £52,000 annually, producing a 6.5% yield at the assumed asking price.
Please note that there is a substantial crack in the ceiling of the first floor towards the rear of the property, which the current owner has advised will be repaired.
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