Chigwell Road, Woodford Green

** FREEHOLD SHOP & FLAT FOR SALE ** - Situated on Chigwell Road, Woodford Green, which connects Woodford to Chigwell. This part of Chigwell Road forms a mixed commercial parade comprising shops, restaurants, cafes and offices. The closest train station is Woodford which is on the Central Line. Parking is available along Chigwell Road. Comprising a ground floor shop which has traded as 'Shumailas' for many years. Above the shop is a self-contained flat which is accessed via the rear of the property. The premises may be suitable for reconfiguration or redevelopment (subject to gaining the necessary consents). The tenant has a lease over the shop and flat at a rent of £20,000 per annum but they are holding over, meaning that the premises may be of interest to investors or owner-occupiers. Please call CLARKE HILLYER on for further information.

Location - Situated on Chigwell Road, Woodford Green, which connects Woodford to Chigwell. This part of Chigwell Road forms a mixed commercial parade comprising shops, restaurants, cafes and offices. The closest train station is Woodford which is on the Central Line. Parking is available along Chigwell Road.

Description - Comprising a ground floor shop which has traded as 'Shumailas' for many years. Above the shop is a self-contained flat which is accessed via the rear of the property. The premises may be suitable for reconfiguration or redevelopment (subject to gaining the necessary consents) and are more particularly described as follows:
Ground floor: Sales Area: 574 sq ft (53.3 sq m); Kitchenette: 64 sq ft (5.9 sq m); Rear Treatment Room: 181 sq ft (16.8 sq m); WC.
First floor: Living room; bedroom; kitchen; shower room; WC.
Second floor: 2 rooms.
All measurements quoted are approximate only.

Tenancies - The shop and flat were originally let on a single full repairing and insuring lease for a term of 10 years from March 2015. The tenant is now holding over at a rent of £20,000 per annum. The landlord is in the early stages of a lease renewal (further details are available upon request). A prospective purchaser may have the opportunity to refuse the renewal, subject to self-occupation.

Terms - The freehold is available, subject to the existing tenancy agreements, for offers in excess of £650,000.

Business Rates - Redbridge Council have informed us that the shop has a rateable value of £14,000 under the 2023 Valuation List.

Council Tax - The flat is within Band B.

Viewings - Strictly via sole agents Clarke Hillyer, tel .

Epc - The shop has an Energy Performance Certificate rating of B and the flat has an EPC rating of E.