INVESTMENT OPPORTUNITY TO BUY A COMMERCIAL UNIT WITH 3-BED MAISONETTE FOR SALE ON A VACANT POSSESSION IN CHINGFORD REF CS0542

LOCATION:
Opportunity to own the freehold property situated at the corner of Hatch Lane, capping off a thriving parade of shops and offices in the heart of Chingford. Boasting proximity to excellent transportation links connecting to Highams Park and Chingford station, this property is strategically positioned across from a daycare center and in close proximity to a library, schools, and a church. Nestled in a pedestrian-friendly area with high footfall, the property enjoys a steady stream of regular customers. With the potential for redevelopment or reconfiguration, pending planning permission, this location offers both current utility and future possibilities.

OVERVIEW:
The property is in a prime location, providing good income stream. Previously the shop was operating as a Post Office and convenience store for 12 years but because the vendor who is also the freeholder moved out of the city, the property is currently vacant, ready to be repurposed for various uses. Comprising a sales area, office, two storage spaces, a kitchenette, and a toilet with a shower, the shop is move-in or rent-ready.

The self-contained maisonette have a separate entrance, that comes with a living room, kitchen, bathroom, and one bedroom on the first floor, along with two additional bedrooms on the second floor. The property is vacant and adaptable for residential or rental use, the maisonette adds further value to this unique property.

Rent: The shop holds the potential to generate £23,000 to £26,000 per annum, while the maisonette could secure anywhere around £23,000 per annum. Combined, the property offers a potential total rental income ranging from £46,000 to £49,000 or even more per annum.

Size:
Shop area: Approximately 566 sq ft
Office: Approximately 166 sq ft
Store 1: Approximately 45 sq ft
Store 2: Approximately 38 sq ft
Kitchenette: Approximately 49 sq ft
W/c & shower

Tenure: Freehold

Price: Offer in the region of £620,000 and above.

For more information on this property, please contact BTC. Arrange a viewing or inquire further by calling us at 020 8889 7474 or emailing [commercial@btcint.com].