Boots & Flat, Chingford, Greater London
9-11 Old Church Rd, Chingford Mount, London E4 6SJ, UKBasic Facts
| Property ID: 14860 | Post Updated: 2023-12-04 09:29:21 |
| Status: Available | Type: Medical Residential |
| 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: 1.2 | 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
