PROPERTIES

Attractive Mixed Use Asset In Affluent East London Suburb Securely Let To Countrywide Plc Until Nov 2029 With Future Redevelopment Potential

Summary

• South Woodford is an affluent town located in the London Borough of Redbridge.
• Well Connected within a short walking distance from South Woodford Underground Station (Central Line).
• Mixed ise asset comprising a total of 2,737 sq ft (254 sq m), consisting of retail & ancillary space on the ground floor, and ancillary office and storage on the first floor.
• Let to Countrywide Plc for a remainder of 6.5 years (November 2029).
• Current total income of £60,000 per annum.
• Feasibility studies carried out to enhance the property for a residential extension or a new development.
• Freehold
• Seeking offers in excess of £900,000 (Nine Hundred Thousand Pounds) for the freehold interest in the property.
• A purchase at this level reflects a Net Initial Yield of 6.25%, after allowance for purchaser’s costs of 6.8%, subject to contract and exclusive of VAT.