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Kemsley LLP , 46 New Broad Street, London, EC2M 1JH
221 High Road, South Woodford, London, E18 2PB
FOR SALE Retail Investment in Pleasant Location Busy Main High Road
Kemsley LLP , 46 New Broad Street, London, EC2M 1JH
LOCATION The building occupies a pleasant position within a local established parade popular with a number of independent occupiers.
Fronting directly onto High Road, South Woodford, the building is within close proximity to its junction with Derby Road and the Roof Terrace development where occupiers include Tesco Express, Explore Learning and Belgique.
The building is within easy walking distance of George Lane, South Woodford, offering excellent access to local restaurants and South Woodford Underground Station (Central Line). The position offers good vehicular access to the A406 (North Circular Road), M11 and M25 as well as the City and Docklands to the south. DESCRIPTION The available opportunity comprises the ground floor shop premises currently occupied and trading as the London Garden Rooms.
The shop is let by way of a 15 year lease from January 2017 to Ken Bray Studios (No. 1) Limited at a rental of £9,800 p.a.x. There are rent reviews every five years (2022 and 2027).
The first floor residential accommodation is sold on a long leasehold interest of 999 years subject to a peppercorn rent. TENURE Freehold, subject to the leases in place. PRICE Offers in excess of £140,000, exclusive are invited. EPC The property has an EPC rating of D - 91.
VAT All rents, prices and premiums are exclusive of VAT under the Finance Act 1989. BUSINESS RATES Interested parties are advised to make their own enquiries of the Local Authority. LEGAL FEES Each party to bear their own legal costs incurred in this transaction. CONSUMER PROTECTION REGULATIONS It is recommended that applicants seek independent professional advice in relation to the acquisition of this property. Further information is available from the Useful Links page on our website. CONTACT Strictly by appointment via sole agents Chris Cornhill Tel: 020 7422 6350 Email: [email protected]
AC2239/2.18(4.18)/CC
Kemsley LLP for themselves and for vendors or lessees of this property whose agents they are give notice that: (i) the particulars are produced in good faith, are set out as a general guide only and do not constitute any part of the contract (ii) no person in the employment of Kemsley LLP has any authority to make or give representation or warranty whatever in relation to this property. Kemsley LLP is a limited liability partnership registered in England with registered number OC326192. All references to ‘Kemsley’ or ‘the firm’ should read as referring to Kemsley LLP.