Retail premises for sale in Chingford Mount Road, London E4

Offers over £950,000 (£231.71/sq. ft)
Interested in this property? Call +44 20 8115 1509 * or Request Details

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Retail premises for sale 4,100 sq. ft*

Property description

Key Points

  • Attractive long income opportunity to December 2036
  • Asset Management Opportunity including rent review in December 2026
  • Highly prominent location in the busy arterial road of Chingford Mount Road
  • Supermarket Store fitted out to high standard
  • Description

    The property comprises of a modern fitted out ground floor supermarket with access to the front as well as delivery access from Normanshire Drive. The unit benefits from both retail frontages to both highways.

    Viewings

    Strictly by appointment only with Landlords sole agents

    Location

    The subject property is located in Chingford which forms part of the London Borough of Waltham Forest situated 8.6 miles north east of Central London. The premises are situated on the east side of Chingford Mount Road (A112) with its junction to Normanshire Drive. The (A112) runs in a southerly direction connecting with the orbital A406 and in a northerly direction intersects with the A1009 and heading beyond to lead to the M25. The surrounding area is mixed use with a variety of housing and flats including the A112 populated with local high street shops, banks and restaurants. Higham's Park Railway Station is approximately 1.4 miles to the south east with regular services to London Liverpool Street. Bus stops are situated outside the shops with regular services to Chingford to the north and Blackhorse Road and Walthamstow Stations to the south.

    Tenure

    The unit is being sold on a new 999-year lease subject to a peppercorn rent and benefiting from a 20 year sublease let on the following terms:

    Tenant: Abdullah Dari
    Lease: Fri lease, effective from December 2016,5 yearly reviews, 20 year term, within lta 1954
    Rent: £70,000 pax
    Use: Class E supermarket
    Deposit: £17,449

    Legal Costs

    Each party to bear their own legal costs incurred in this transaction. The prospective tenant is required to give an undertaking through their solicitors prior to the commencement of legal formalities for any abortive legal costs should they withdraw from the transaction.

    Property info

    * Sizes listed are approximate. Please contact the agent to confirm actual size.

    Arrange Viewing

    For more information about this property, please contact
    Dobbin & Sullivan, E15 on +44 20 8115 1509 * (local rate)

    Contact Dobbin & Sullivan about this property

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    Disclaimer

    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Dobbin & Sullivan, and do not constitute property particulars. Please contact Dobbin & Sullivan for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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