£575,000
(£350.00/sq. ft)
Retail premises for saleChigwell Road, Woodford Green IG8
1,643 sq. ft
About this property
Mixed Use Investment for Sale
VAT Free
Good Yield
Parking at front for 2 cars
Self Contained 2 Bed flat above with rear access
Property not opted for tax
Freehold Mixed Use Investment for Sale - £575,000, with 2 bedroom self contained flat above. Building is situated on the west side of Chigwell Road in a local shopping parade. Chigwell Road runs between Charlie Brown Roundabout A406 and Woodford Bridge.
The Property comprises a ground floor dry cleaning shop with a self-contained flat on the first and second floors, with rear access. There is parking at the front of the shop which can accommodate two cars.
Shop - The vendor will top up the rent from £19,500 per annum to £21,000 per annum up to 28 September 2030, so the buyer will receive a rent of £21,000 per annum from the shop from completion.
Flat - We believe the flat is underlet and a rent of £1,700 per calendar month is achievable, i.e. £20,400 per annum.
Subject to the above being achieved, this would show a combined income of £41,400 per annum.
The property is not opted for tax.
The Property comprises a ground floor dry cleaning shop with a self-contained flat on the first and second floors, with rear access. There is parking at the front of the shop which can accommodate two cars.
Shop - The vendor will top up the rent from £19,500 per annum to £21,000 per annum up to 28 September 2030, so the buyer will receive a rent of £21,000 per annum from the shop from completion.
Flat - We believe the flat is underlet and a rent of £1,700 per calendar month is achievable, i.e. £20,400 per annum.
Subject to the above being achieved, this would show a combined income of £41,400 per annum.
The property is not opted for tax.
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£2,876 per month
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