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Express Interest in this Property

Boots & Flat, Chingford, Greater London

9-11 Old Church Rd, Chingford Mount, London E4 6SJ, UK

Basic Facts

Property ID: 14860 Post Updated: 2023-12-04 09:29:21
Status: Type:
Tenure: Freehold Area: 3792 sq ft
Gross Rent: £ 75,300 Gross Yield %: 5.8
Lease Term: 5 years from Jul '20 Lease Term Expiry Date: 21/07/25
Years left on Lease: 1.3 VAT applicable: Yes (TOGC Available)

Property Description

  • Freehold Blue Chip Medical and Residential Investment in London.
  • Comprising a pharmacy over ground and part first floor with a recently refurbished, self contained flat above.

Location Description

  • Chingford is a prosperous and popular town situated just inside the M25 some 12 miles north-west of Central London.
  • The town enjoys good communications being close to the M11 and A406 (North Circular).
  • The property is situated on the east side of Old Church Road, at its junction with Albert Crescent.
  • Situated in close proximity to Superdrug, The Works, Timpson, Iceland, Sainsbury’s,Costa, Barclays, British Heart Foundation and Nationwide amongst others.

Additional Notes

  • Recently renewed lease to Boots UK Ltd for 5 yrs (no breaks) from 29/9/2020 at a current passing rent of £60,000 per annum.
  • Two bedroom flat, on AST 30th November 2021 for passing rent of £15,300.  Reversion available November 2022.
  • Potential for further development of the upper floors.

Features

£1m - £5m
Blue-chip tenant
East London
Finance available
Freehold
No Break clauses
Residential element
Reversionary Opportunity
Value-Add Potential

View on Map

Current Opportunities

Current Opportunity

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