Freehold investment property for sale in Walthamstow

This property is marketed by:
Clarke Hillyer

The premises consist of a restaurant with a self-contained 4-bedroom flat above. To the rear of the restaurant is a garden which has been used as an al-fresco dining area. The premises may be suitable for reconfiguration/redevelopment, subject to gaining the necessary consents.

Ground floor restaurant : 395 sq ft (36.7 sq m). , Kitchen: 127 sq ft (11.8 sq m)., Upper ground floor kitchen: 195 sq ft (18.1 sq m). & Rear stores: 40 sq ft (3.7 sq m).

Location

Situated prominently on Hoe Street, Walthamstow, close to the junction with Cairo Road. Hoe Street is one of the main shopping areas in Walthamstow and the closest train station is Walthamstow Central which is on the Victoria and Overground lines. The area is also served by local buses. The A406 (North Circular Road) and M11 are both accessible from the premises.

Lease

The whole property is held on a 21 year lease from September 2007. The current passing rent is £26,850 per annum and the next rent review is due in September 2027. We understand that the lease is within the Landlord and Tenant Act 1954.

Terms

The freehold is available, subject to the existing lease, for offers in excess of £625,000.

Business Rates

Waltham Forest Council have informed us that the restaurant has a Rateable Value of £12,250 under the 2023 Valuation List.