FREEHOLD INVESTMENT / DEVELOPMENT OPPORTUNITY FOR SALE
AUCTION ON
14TH FEBRUARY
107 STATION ROAD, CHINGFORD, LONDON E4 7BU
SUMMARY LOCATION
• 2-storey building comprising an A2 unit extending to circa The property is located on Station Road in Chingford, within the 624ft2 (NIA) at ground floor with a 2 bedroom apartment at 1st London Borough of Waltham Forest. Station Road is host to floor, producing £33,200 per annum in total numerous shops, restaurants and amenities with nearby occupiers including Tesco Express, Costa Coffee and Natwest Bank. • Planning permission to construct 2 x 1 bed apartments within the rear car park area Chingford Station (London Overground) is located approximately 0.2 • Sought-after High Street location approximately 0.2 miles from miles from the property, providing direct services into Central London Chingford Station (London Overground) (London Liverpool Street) in approximately 30 minutes.
• To be offered for sale with a guide of £650,000 + in Allsop’s auction on Thursday 14th February, unless sold prior (Lot 166A)
DESCRIPTION
The property comprises a 2-storey building, arranged as an A2 commercial unit at ground floor level extending to approximately 624ft2 (NIA), which is currently let to a recruitment agency. The first floor is arranged as a 2 bedroom apartment.
Access to both the shop and residential upper parts is taken directly via Station Road.
The property further benefits from a car park and single-storey, vacant outbuilding located to the rear of the main building. FREEHOLD INVESTMENT / DEVELOPMENT OPPORTUNITY FOR SALE
TENANCIES TENURE
The ground floor commercial unit is let on a 6 year lease from July The property will be sold freehold with the tenants remaining in-situ. 2015 at £20,000 per annum to Premiere Employment Group Limited, which is a subsidiary of The Cordant Group PLC who are one of the TERMS largest recruitment providers in the United Kingdom with a turnover of £850,263,000 in 2017. To be offered for sale with a guide of £650,000 + in Allsop’s auction on Thursday 14th February, unless sold prior (Lot 166A). The flat is let on an AST at a rent of £13,200 per annum. ADDITIONAL INFORMATION PLANNING Further information can be found in our dataroom using the access Planning permission was granted on 10th May 2018 (reference code ‘Station’. 171751) for the demolition of the single-storey outbuilding at the rear of the property and construction of a 2-storey building comprising 2 x 1 bedroom apartments to create approximately 1,087ft2 (NIA) of CONTACT residential floorspace. We understand that Party Wall agreements To discuss any aspect of this property or the disposal process, are in place. please contact the Seller’s joint agents:
VAT Joe Goldsmith - 020 7183 2529 [email protected] The property is not elected for VAT. Kingsbury 1st Floor, 81 Alie Street, London E1 8NH
Will Taylor - 020 7344 2615 [email protected]
Allsop 33 Wigmore Street, London W1U 1BZ
Kingsbury on their own behalf and on behalf of the Owner / Landlord of this property whose agents, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: 06869268.