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12-20 Wood St
London E17 3HT
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Prime Walthamstow position with strong footfall in a thriving retail hub.
- Established commercial location supported by ongoing regeneration and robust local demand.
- Excellent transport connectivity near Wood Street Overground with direct city links. [dobbinands...llivan.com]
EXECUTIVE SUMMARY
We are selling the long leasehold investment with the existing 125 year lease dated 1st April 1982. The lease to Tesco was agreed in September 2013 for a period 20 years, expiring in September 2033.
Tesco-let retail investment in Walthamstow — £59,547 pa income - 6.27% gross yield - RPI-linked review due in July 2028.
A rare opportunity to acquire a secure retail investment in a busy London location. The property comprises a substantial ground floor retail unit let to Tesco, generating a current rental income of £59,547 per annum. The lease includes upward-only RPI-linked rent reviews, the last of which was in July 2023 with the next scheduled for July 2028. Offered at a reduced price of £950,000, the investment reflects a gross initial yield of 6.27% and a net initial yield of 5.75% (assuming standard purchaser’s costs). The property benefits from prominent frontage, excellent footfall, and long-term income from a strong national covenant.
Tesco-let retail investment in Walthamstow — £59,547 pa income - 6.27% gross yield - RPI-linked review due in July 2028.
A rare opportunity to acquire a secure retail investment in a busy London location. The property comprises a substantial ground floor retail unit let to Tesco, generating a current rental income of £59,547 per annum. The lease includes upward-only RPI-linked rent reviews, the last of which was in July 2023 with the next scheduled for July 2028. Offered at a reduced price of £950,000, the investment reflects a gross initial yield of 6.27% and a net initial yield of 5.75% (assuming standard purchaser’s costs). The property benefits from prominent frontage, excellent footfall, and long-term income from a strong national covenant.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Shopfront Retail / Residential
Property Size
4,187 sq ft
Costar Property Class
B
Year Built/Renovated
1964/2014
Price
£950,000
Price per sq ft
£226.89
Yield
5.75%
NOI
£54,625
Tenancy
Single
Number of Floors
3
Frontage
79 ft on Wood Street
AMENITIES
- Security System
- EPC - C
- Roller Shutters
- Storage Space
- Air Conditioning
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