Offers in region of
£1,500,000
(£669.64/sq. ft)
Retail premises for saleThe Broadway, Woodford Green IG8
From 2,240 - 4,400 sq. ft
About this property
Prime mixed-use freehold investment
Fully let
Ground floor shop & lower ground
Three self-contained 2 bed flats
Gross income of £90,600 pa
Opposite woodford underground station
Affluent and connected location
A rare opportunity to acquire a prominent fully let mixed-use freehold investment in the heart of Woodford Green, directly opposite Woodford Underground Station and within this highly sought after Broadway location. The property comprises a ground floor commercial unit with basement, together with three self-contained 2-bedroom flats arranged over the upper floors.
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 £90,600 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, Sainsbury’s 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: £18,000 pa
Total: £90,600 per annum
Use class
Commercial unit with residential upper parts
Tenure
Freehold, subject to existing tenancies
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 £90,600 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, Sainsbury’s 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: £18,000 pa
Total: £90,600 per annum
Use class
Commercial unit with residential upper parts
Tenure
Freehold, subject to existing tenancies
Mortgage calculator
Monthly repayment
£7,503 per month
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