Snakes Lane East, Woodford Green, Essex, IG8

The building is located on the east side of Snakes Lane East at the junction with Prospect Road and a short walk from Woodford station and The Broadway. The town centre itself offers a varied range of local amenities mainly comprising of independent retailers as well as a healthy number of cafes and restaurants making this an extremely vibrant location.

Woodford benefits from excellent transport connections and is serviced by the A406 North Circular Road, A12 and M11 Motorway and is within Zone 4 of the Central Line offering quick and easy access ot the City and West End.

Approximate Central Line journey times as follows *:

Woodford to Liverpool Street - 25 minutes
Woodford to Oxford Circus - 34 minutes
Woodford to Epping - 14 minutes

Bus route 275 connecting Walthamstow Central to Barkingside passes directly outside the building.

* Information provided by TfL

The subject property comprises a mid terrace ground floor double fronted shop together with two self contained 2x bedroom flats over ground and first floors as follows:

Retail 102-104 Snakes Lane East, IG8
Ground floor shop let to Sal Beauty Hair Limited with a directors personal guarantee and rental deposit for a term of 15 years from 10 May 2023 at a rental of £25,000 per annum exclusive.

The premises extend to 815 sq.ft. (75.75 sq.m.) and the lease provides for upward only rent reviews on 10 May 2028 and 2033.

Flat 102a Snakes Lane East IG8 - unmeasured
Two bedroom split level flat over ground and first floors with rear access via a private yard. We understand the premises are in reasonable overall condition and occupied to two individuals by way of a period tenancy at a rental of £1,000 per calender month.

Flat 104a Snakes Lane East IG8
Vacant two bedroom/two reception split level flat over ground and first floors with rear access via a private yard. The unit has an approximate Gross Internal Floor area (GIA) of 800 sq.ft. (74.32 sq.m.) and will require some modernisation.

We are advised by local letting agents that the estimated rental value (ERV) of a 2x bedroom split level flat is currently in the order of £1,600 per calender month.

The premises are available on a freehold basis. Offers are sought in excess of £850,000 subject to the aforementioned Tenancies of 102a flat and the ground floor shop.

All rents, prices and premiums are exclusive of VAT under The Finance Act 1989. Accordingly, interested parties are advised to consult their professional advisers as to their liabilities, if any, in this direction.

Each party to be responsible for their own legal costs incurred in this transaction.

EPC
102-104 - 46B
102a - 55D
104a - 60D

It is recommended that applicants seek independent professional advice before entering into a contract on this property. It is required to gain proof of identity from companies and individuals before accepting an offer for any property.

Reference to all/any services, utilities or fixtures & fittings in these particulars does not imply they are in full and efficient working order.

Viewing strictly by prior arrangement via Vendors sole agents.