Property for sale

41 Orford Road, Walthamstow, London E17

Freehold mixed-use investment opportunity in the heart of Walthamstow Village, London. The property comprises 1 x commercial unit and 1 x residential unit, currently producing a passing rent of £59,000 per annum. Located approximately 0.5 miles from Walthamstow Central station, which provides a regular service into central London. Offers are invited in excess of £825,000, which represents a gross yield of 7.15%

Location

The property is located on Orford Road in the heart of Walthamstow Village, adjacent to Walthamstow Village Square. Walthamstow Village is one of London's most in-demand locations, with its excellent connectivity, pedestrianised streets, eateries, and businesses.

High Street, Walthamstow is 0.6 miles away from the property, which is the home to Walthamstow Market and The Mall Walthamstow.

The property is situated 0.5 miles from Walthamstow Central station, which provides a regular service into central London via the London Underground (Victoria Line) and London Overground.

The A406 (North Circular) is approximately 1.8 miles away and provides access to the A10, A12 and M11. Nearby occupiers include gail's Bakery, Froth & Rind, The Village Pub, eat17, and Queens Arms.

Please note all distances given are approximate only.

Description

The property provides a total of 1,679 square feet (156.08 square metres). It comprises a ground floor commercial unit, which is trading as a restaurant called The Axe & Ember Smokehouse. The commercial unit measures 1,023 square feet (95.08 square metres). The first floor and loft space is arranged as a self-contained 1-bedroom flat, measuring 656 square feet (61 square metres).

Please note that the size given is approximate only. The flat has not been inspected, and the size has been obtained from the EPC. All interested parties are advised to rely on their own inspection and survey.

Tenancy

The property is currently producing a total passing rent of £59,000 per annum

The commercial part is let for 10 years from October 2025 with a current passing rent of £41,000 per annum. There is an indexed linked rent review and break clause in October 2030.

The first floor is let for £18,000 per annum on an apt agreement.

Terms

Offers are invited in excess of £825,000, which represents a gross yield of 7.15%.

Tenure

The freehold interest is to be sold subject to the existing tenancies.

Vat

We have been informed that property is not elected for VAT.

Viewings

Viewings are strictly by appointment through sole agents Harston&Co.