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218 High Rd 802 sq ft Retail Property Woodford Green IG8 9HH £390,000 (£486.28/sq ft)

INVESTMENT HIGHLIGHTS
- Large Glazed Frontage
- Great footfall area.
- On retail parade.
EXECUTIVE SUMMARY
The building comprises of a 4 storey end of terrace building over lower ground, ground and 2x upper floors. The ground and lower ground (rear) floors are let on effective FR & I terms whilst the lower ground floor (rear) comprises a vacant 1x bedroom flat with courtyard garden.
The split level maisonette over first and second floors is sold off on a long lease.
Approximate floor areas and dimensions as follows: Ground floor shop internal width - 15’3” narrowing to 11’3”, shop depth - 31’1”.
Ground floor shop - 446 sq.ft. (41.43 sq.m.), lower ground floor (front) - 356 sq.ft. (33.07 sq.m.), Total - 802 sq.ft. (74.51 sq.m.).
L/G floor (rear) 1x bedroom flat - 455 sq.ft. (42.27 sq.m.).
Entire ground and lower ground floor (front) are let to a private individual trading as ‘Barking Beautiful’ dog groomers and spa for a term of 5 years from 2 January 2022 at a rental of £14,400 pa exclusive.
We understand that Ms Payne will enter into a longer lease of the ground and lower ground floor if required.
The split level maisonette over first and second floors is sold off on a long lease.
Approximate floor areas and dimensions as follows: Ground floor shop internal width - 15’3” narrowing to 11’3”, shop depth - 31’1”.
Ground floor shop - 446 sq.ft. (41.43 sq.m.), lower ground floor (front) - 356 sq.ft. (33.07 sq.m.), Total - 802 sq.ft. (74.51 sq.m.).
L/G floor (rear) 1x bedroom flat - 455 sq.ft. (42.27 sq.m.).
Entire ground and lower ground floor (front) are let to a private individual trading as ‘Barking Beautiful’ dog groomers and spa for a term of 5 years from 2 January 2022 at a rental of £14,400 pa exclusive.
We understand that Ms Payne will enter into a longer lease of the ground and lower ground floor if required.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
802 sq ft
Costar Property Class
C
Year Built
1901
Price
£390,000
Price per sq ft
£486.28
Tenancy
Single
Number of Floors
3
Plot ratio
0.45
Total Plot Size
0.04 ac
Frontage
22 ft on High Road
AMENITIES
- 24 Hour Access
- Courtyard
- Signage
- Storage Space
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NEARBY MAJOR RETAILERS
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218 High Rd
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