£1,300,000
(£380.79/sq. ft)
Property for saleThe Broadway, Woodford Green IG8
3,414 sq. ft
EPC Rating: B
Just added
Freehold
About this property
Freehold investment
Comprising coffee shop & 2 no 2 x bedroom flats
Total income £66,000 per annum
Includes basement
Includes rear parking
Includes roof garden
** freehold investment for sale ** - Situated on The Broadway, Woodford Green, which is opposite the main entrance to Woodford Underground Station (Central Line). A variety of independent businesses are located in the Broadway, as well as many multiple traders such as Cook, The Co-Op and Sainsburys Local. Comprising an extended ground floor lock-up shop (with basement) which has traded as a 'Belgique' cafe/delicatessen for many years. The 1st and 2nd floors each comprise a 2 x bedroom flat and there is parking at the rear of the property. The total income is currently £66,000 per annum. Please call Clarke Hillyer on for further information.
Location
Situated on The Broadway, Woodford Green, which is opposite the main entrance to Woodford Underground Station (Central Line). A variety of independent businesses are located in the Broadway, as well as many multiple traders such as Cook, The Co-Op and Sainsburys Local.
Description
Comprising an extended ground floor lock-up shop (with basement) which has traded as a 'Belgique' cafe/delicatessen for many years. At the rear of property is an area for parking. The 1st and 2nd floors each comprise a 2 x bedroom flat. The premises are more particularly described as follows:
Shop: Service/seating area: 1,260 sq ft (117.1 sq m); Prep Area: 573 sq ft (53.3 sq m); Basement Office (with restricted head height): 407 sq ft (37.2 sq m). Toilet facilities included.
First Floor: Flat comprising 2 bedrooms, open-plan kitchen/lounge/diner, bathroom/wc & roof garden.
Second Floor: Flat comprising 2 bedrooms, open-plan kitchen/lounge & bathroom/wc.
All areas quoted are approximate only.
Tenancies
Shop: Let on a 20 year full repairing and insuring lease from January 2022 at a rent of £37,200 per annum. There are rent reviews every 5 years and a 10 year tenant's break clause.
11a: Let on an AST at a rent of £1,200 per month.
11b: Let on an AST at a rent of £1,200 per month.
11c: Sold off on a 125 year lease from March 2011 at a peppercorn ground rent.
Terms
The freehold, subject to the current tenancies, is available for £1,300,000. There is also the possibility of including the 3rd floor flat with the purchase, and further details are available upon request.
Business Rates
The London Borough of Redbridge have informed us of the following;
Shop:
2023 Rateable Value: £25,500
Basement:
2023 Rateable Value: £1,450
Council Tax
The 2 flats are both within Council Tax band C.
Viewings
Strictly via sole agents Clarke Hillyer on .
Epcs
The shop has an EPC rating of B, the 1st floor flat has an EPC rating of E and the 2nd floor flat has an EPC rating of D.
Location
Situated on The Broadway, Woodford Green, which is opposite the main entrance to Woodford Underground Station (Central Line). A variety of independent businesses are located in the Broadway, as well as many multiple traders such as Cook, The Co-Op and Sainsburys Local.
Description
Comprising an extended ground floor lock-up shop (with basement) which has traded as a 'Belgique' cafe/delicatessen for many years. At the rear of property is an area for parking. The 1st and 2nd floors each comprise a 2 x bedroom flat. The premises are more particularly described as follows:
Shop: Service/seating area: 1,260 sq ft (117.1 sq m); Prep Area: 573 sq ft (53.3 sq m); Basement Office (with restricted head height): 407 sq ft (37.2 sq m). Toilet facilities included.
First Floor: Flat comprising 2 bedrooms, open-plan kitchen/lounge/diner, bathroom/wc & roof garden.
Second Floor: Flat comprising 2 bedrooms, open-plan kitchen/lounge & bathroom/wc.
All areas quoted are approximate only.
Tenancies
Shop: Let on a 20 year full repairing and insuring lease from January 2022 at a rent of £37,200 per annum. There are rent reviews every 5 years and a 10 year tenant's break clause.
11a: Let on an AST at a rent of £1,200 per month.
11b: Let on an AST at a rent of £1,200 per month.
11c: Sold off on a 125 year lease from March 2011 at a peppercorn ground rent.
Terms
The freehold, subject to the current tenancies, is available for £1,300,000. There is also the possibility of including the 3rd floor flat with the purchase, and further details are available upon request.
Business Rates
The London Borough of Redbridge have informed us of the following;
Shop:
2023 Rateable Value: £25,500
Basement:
2023 Rateable Value: £1,450
Council Tax
The 2 flats are both within Council Tax band C.
Viewings
Strictly via sole agents Clarke Hillyer on .
Epcs
The shop has an EPC rating of B, the 1st floor flat has an EPC rating of E and the 2nd floor flat has an EPC rating of D.
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