Freehold building arranged over ground, first and second floor with retail on the ground floor and two flats making up the upper part.
The flats are sold off on 125 year leases.
The ground floor lock up shop is let to Betfred.
Freehold shop & upper part for sale – comprising a deceptively large shop which is available as a whole ground floor area together with extremely large rear yard which could be redeveloped (subject to the necessary consents).
The premises was formerly used as a restaurant/bar and we understand that the premises can only be used for a restaurant, bar or café.
The upper part is sold off on a long lease of 125 years from 2022 at £300 pa ground rent until 2047, rising to £600 pa until 2071 and then £999 pa for the remainder of the lease.
The premises are in need of refurbishment and are being offered in shell condition.
*Please note the property is subject to an ACV (Asset of Community Value) whereby the property can only be used as a bar, restaurant, café.
Substantial former bar – investment & development opportunity – comprising a substantial deceptively deep building arranged over ground and first floor plus rear yard, outbuildings and large car park entered via an access road adjacent to the property.
The premises would suit re-development, however, the Local Authority would like a food and beverage establishment to remain on site in part of the building. This could be a small restaurant or bar to the front of the ground floor, allowing the remainder of the ground floor, upper part and rear yard to be redeveloped. Our clients are not selling on a “selling to planning” basis but on an unconditional basis.
Freehold industrial investment for sale – comprising 4 industrial units constructed in the 1970s, which are all let on full repairing and insuring leases as per the tenancy schedule on marketing particulars. Constructed of steel portal frame beneath a pitched steel clad roof with part profile metal clad/part brick elevations. The units benefit from the following specification:-
The site extends to 0.28 acres 0.11 hectares) providing a site coverage of 92%.
Multi let to four tenants generating a total rental income of £128,500 per annum, reflecting a low average rent of £11.35 per sq ft.
Attractive AWULT of 3.2 years to expiry.
Opportunities to add substantial value by exploring lease re-gears/rental growth.
Prime rents now stand in excess of £27 per sq ft in North London and are projected to continue on an upward trajectory, largely due to a lack of supply of quality industrial stock.
The COVID-19 pandemic has highlighted how vital the industrial sector is to end consumers and supply chains. Industrial has remained resilient throughout the last 12 months, largely down to surges in e-commerce
Freehold site for sale with industrial buildings – Suitable for a variety of uses/re-development (STP) – 0.250 acres/0.101 hectares – comprising a roughly rectangular site made up of a combination of 5 industrial and warehouse buildings plus ancillary parking and a long driveway into the site. Northwall Road is predominantly a residential street and is thought that the site would benefit from re-development to either residential, community or educational use or remain as industrial, subject to the necessary planning consents. The property is being offered subject to the current lease, notice has been served to terminate this lease. The site is being offered unconditional of planning and with vacant possession.
Freehold bar with residential upper part – arranged over ground floor as fully fitted bar with kitchen and male and female WC’s with internal access leading to first and second floor two bedroom maisonette. The premises would lend themselves to self-containing the maisonette and splitting into two residential units (subject to the necessary consents). The upper part could also be extended over the ground floor rear extension to either create an additional unit or enlarge the existing residential first floor area. The bar currently trades on a hire only basis for functions. The bar air conditioned, has separate male & female WC’s and has been trading since 1981. It also benefits from a 1am licence from Sunday—Thursday and until 2am on Friday and Saturday.
Freehold Investment (income producing) – comprising a freehold shop and residential upper part.
The shop is let for a term of 12 years from December 2013 at £15,000 pa with 4 yearly rent reviews. The upper part is sold off on a 125 year lease from 2004 at a peppercorn ground rent.
Substantial Corner Premises with Yard and Detached Warehouse with Development Potential – Freehold for Sale – Comprising substantial corner premises plus yard and rear warehouse building all with development potential. The premises fronting Leytonstone Road comprises two shops, rear offices and storage. The first floor comprises offices which run across both shops and arranged as two good sized offices, storage room, kitchen and WC plus a porta cabin which is situated at first floor level. The premises also have a basement which was not inspected. To the rear of the building is a car-parking area with access from Davies Lane plus a rear warehouse with roller shutter access, which is arranged over two levels plus a loft space (in part) plus single storey (in part). This property has a pitched roof and fronts Davies Lane. The whole of the property is offered with full vacant possession and has conversion and/or re-development potential or could be refurbished and held as an investment.
Substantial freehold for sale – *retail/residential development opportunity* – comprising a substantial corner property formerly used as a bank and retail shop at ground floor level with residential and ancillary space on 1st and part 2nd floors. Within the space there is a self-contained flat with separate kitchen and bathroom and also another area which could easily be converted into residential and could create a 4 bedroom flat. The ground floor would lend itself to splitting into 4 residential units (subject to the necessary planning consents). There is parking for 2-3 cars to the side of the property plus a further parking area for 4-5 cars on the council car-park which is adjacent.
Two shops which are let to Ladbrokes for a term with 13 years remaining with the next rent review in December 2020 at £19,000 pa. (Please note that we are informed that the adjacent single shop has currently been let at £16,000 pa indicating that there is substantial growth in these two shops upon review). The property does not include the upper part but does include 4 demised parking spaces to the rear of the property.
