Key Features
Description
Comprising a ground floor shop with a self-contained 3-bedroom flat at 1st and 2nd floor level. The shop has traded as a coffee shop for many years and has been amalgamated with 52 Station Road, although 52 Station Road is not included in the sale. The flat is accessed via Rale Lane to the rear of the premises. At the rear of the property is a garden and a store which is demised to the shop.
Shop: Sales Area: 681 sq ft (63.3 sq m); Customer w/c's; Rear Store: 360 sq ft (33.4 sq m); Garden | 1st Floor: Kitchen, bathroom, bedroom, living room, w/c & 2nd Floor: 2 bedrooms, storage room.
Location
Situated on an established parade of shops in Station Road, Chingford. On Station Road are several multiple retailers including Greggs, Tesco Express and The Co-Operative. There are also a number of restaurants and coffee shops such as Costa Coffee and Cafe Nero. Chingford Station provides a regular service into Central London and Pay and Display parking is available on the street. Access to the motorway network is via the M25 at Waltham Abbey or the M11 at Loughton (Southbound Only).
Tenancies
The shop is held on a 15 year full repairing and insuring lease from February 2024, at a rent of £20,500 per annum. There are rent reviews every 5 years.
The flat is held on an Assured Shorthold Tenancy agreement, at a rent of £1,000 per month.
Terms
The freehold is available, subject to the existing tenancy agreements, for £650,000.
Business Rates
The shop has a rateable value of £46,250 although this includes 52 Station Road which is not included within the sale.
Council Tax
The flat is within Council Tax Band B.
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