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.
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.
Row of 8 office/workshop units (with development potential) – To Let/For Sale – Comprising 8 commercial units that can be used for either storage, office, workshop and possibly retail. Each unit benefits from its own WC and roller shutter. Five of the eight units benefit from a mezzanine.
Freehold commercial and residential investment for sale, comprising a substantial building arranged over ground, part first, part second and third floors. The ground floor is extremely deep and comprises retail sales area plus rear storage, mezzanine staff room area and a two storey section to the far rear of the property fronting Castle Mews which is accessed from Castle Road. In order to appreciate the layout of the shop premises, an inspection is recommended. Please note that the retail area is partly separated from the storage area by way of a staircase which cuts off the shop which leads to the mezzanine staff room. The shop is currently let to Clarks shoes and the lease is expiring in September 2020 and they have given notice that they are vacating.
The upper part is accessed via a door to the right of the shop front and comprises five self-contained flats as follows:
1 x 1 bed and 1 studio at first floor level
1 x 2 bed and 1 studio at second floor level
1 x 2 bed at third floor level
All flats are currently let on Assured Shorthold Tenancies as per the attached schedule.
Investment for sale with future development potential. Substantial motor repair workshop that is being used for the fitting of tyres and exhausts etc that has been trading for many years. The property is let by way of a lease expiring 2030 at £30,000 pa as per the tenancy details overleaf. There is future development potential, subject to obtaining the necessary consents.
*Please note that we are currently marketing the adjacent premises, details of which can be provided upon request (marked in blue on the plan below).