Home / Property / Boots & Flat, Chingford, Greater London
3792 sq ft
Gross Yield %:
5 years from Jul '20
Lease Term Expiry Date:
Years left on Lease:
Yes (TOGC Available)
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.
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.
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.
£1m - £5m
No Break clauses