The property comprises a self-contained two-storey office building situated within Station Passage in the heart of South Woodford.
The accommodation is arranged over ground and first floors and is currently configured to provide two separate office areas at ground floor level together with a kitchen and WC, with a further large office occupying the first floor.
The premises are well presented throughout and would suit an owner-occupier seeking self-contained office accommodation in an established and highly accessible South Woodford location.
Location
The property is situated within Station Passage, immediately off George Lane in the centre of South Woodford.
South Woodford is a popular and well-established East London location offering a wide range of shops, cafés, restaurants and other local amenities.
South Woodford Underground Station is within close walking distance and provides regular Central Line services into the City, West End and wider London Underground network.
The area also benefits from excellent road communications, with convenient access to the A406 North Circular Road, A12, M11 and M25.
Accommodation
The approximate areas are as follows:
Ground Floor – Office 1: 22.90 sq m / 246 sq ft
Ground Floor – Office 2: 21.28 sq m / 229 sq ft
Kitchen: 1.75 sq m / 19 sq ft
WC: 1.37 sq m / 15 sq ft
First Floor Office: 35.78 sq m / 385 sq ft
Total: 83.08 sq m / 894 sq ft
Terms
Price: £370,000. The property is offered for sale with full vacant possession upon completion.
Tenure: The property is held by way of a 999-year leasehold interest. Part of the first-floor accommodation comprises a flying freehold. Further information regarding the title and lease documentation can be made available to interested parties.
Use: The property is currently used as offices. Interested parties considering any alternative use or redevelopment should make their own enquiries with the relevant local planning authority.
The lease requires the freeholder’s consent for any change of use.
Business Rates: Interested parties are advised to make their own enquiries with the London Borough of Redbridge regarding the current Rateable Value and rates payable.
- Rateable Value – Ground Floor: £11,000 pa
- Rateable Value – First Floor: £7,600 pa
EPC: Energy Rating C (57). Valid until 19 February 2033.
VAT: All prices and figures quoted are exclusive of VAT where applicable.
Legal Costs: Each party is to be responsible for their own legal costs incurred in the transaction.
Holding Deposit: Upon acceptance of an offer, the successful purchaser will be required to pay a £5,000 holding deposit as confirmation of their commitment to proceed with the purchase. The holding deposit will be held in the agent's client account and dealt with in accordance with the agreed terms of the transaction.
Potential: The property offers an attractive opportunity for an owner-occupier, investor or purchaser seeking a self-contained building in a prominent and accessible South Woodford location. Subject to all necessary planning permissions, freeholder consent and other statutory approvals, purchasers may wish to investigate the potential for alternative uses. No warranty is given that any particular alternative use, permitted development right or redevelopment will be permitted.