The property comprises a substantial mixed-use freehold building arranged to provide spacious ground floor commercial accommodation together with a self-contained two bedroom residential flat.
The commercial accommodation is currently arranged and occupied as a tile and bathroom showroom, with the substantial rear kitchen presently operating separately as a dark kitchen. The premises provide a large principal trading area, substantial kitchen, separate preparation area, ancillary storage accommodation and customer WCs.
The commercial accommodation falls within Use Class E and, given the existing kitchen facilities and customer WCs, offers particular potential for restaurant, café or other food-related uses, as well as a range of alternative retail, showroom, professional and commercial occupiers, subject to any necessary planning, licensing and statutory consents.
The property benefits from rear access together with use of the forecourt area for parking, although the forecourt does not form part of the property’s demise.
The residential accommodation is independently accessed from the rear and comprises a living room, two bedrooms, kitchen and bathroom. The flat would benefit from some refurbishment and improvement. Both the commercial accommodation and residential flat will be offered with vacant possession upon completion.
Location
The property occupies a prominent position on Chigwell Road, Woodford, within an established mixed commercial and residential area serving Woodford and the surrounding affluent catchment. The property is close to South Woodford and Wanstead villages. The location benefits from good road connections, with convenient access to the A406 North Circular Road and M11, providing onward connections throughout East London, Essex and the wider motorway network. Local shopping, transport and residential amenities are readily accessible.
Accommodation
Ground Floor Commercial
Main Shop / Trading Area – 73.44 sq m (790 sq ft)
Kitchen – 26.00 sq m (280 sq ft)
Kitchen Preparation Area – 15.30 sq m (165 sq ft)
Corridor / Stores – 21.20 sq m (228 sq ft)
WC Accommodation – 6.39 sq m (69 sq ft)
Commercial Total – 142.33 sq m (1,532 sq ft)
Two Bedroom Flat
Living Room – 16.43 sq m (177 sq ft)
Bedroom 1 – 14.04 sq m (151 sq ft)
Bedroom 2 – 10.15 sq m (109 sq ft)
Kitchen – 13.85 sq m (149 sq ft)
Bathroom – 4.13 sq m (44 sq ft)
Residential Total – 58.60 sq m (631 sq ft)
OVERALL TOTAL – 200.93 sq m (2,163 sq ft)
All areas are approximate and provided for guidance only.
Terms
Tenure & Price – Freehold, with vacant possession available on completion
Offers in the region of £990,000 – subject to contract
Business Rates:
Rateable Value - £21,500
Estimate Rates Payable – approximately £8,213 per annum.
Small business and other rates relief may apply, subject to occupier eligibility. Interested parties should make their own enquiries with the London Borough of Redbridge.
EPC – EPCs available upon request.
AML / KYC – In accordance with current Anti-Money Laundering regulations, successful purchasers will be required to provide satisfactory identification, proof of address, source of funds and any other information required to complete our AML KYC checks.
An AML / KYC administration fee of £350 + VAT will be payable by the purchaser.
Holding Deposit – Upon acceptance of an offer and prior to the property being withdrawn from the market, a holding deposit of £5,000 will be required, subject to our standard hold deposit terms.