Property photos
Freehold
£795,000
(£336.72/sq. ft)
Retail premises for sale
Wood Street, Walthamstow E172,361 sq. ft
Local area information
Property location
Nearby amenities
- St Mary's CofE Primary School 0.1 miles
- Wood Street 0.1 miles
- The Woodside Primary Academy 0.3 miles
- Walthamstow Central 0.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Upper Walthamstow, Leytonstone and Leyton to find out more about the local area.
Features and description
- Freehold
An opportunity to purchase the freehold interest in this three-storey, mixed-use property in Walthamstow, just a five-minute walk from Wood Street Station.
The property comprises a ground-floor retail shop with an outbuilding at the rear of the garden, and a split-level flat upstairs, which can be converted into two one-bedroom apartments.
Description
An opportunity to purchase the freehold interest in this three-storey, mixed-use property in Walthamstow, just a five-minute walk from Wood Street Station.
The property comprises a ground-floor retail shop with an outbuilding at the rear of the garden, and a split-level flat upstairs, which can be converted into two one-bedroom apartments.
Currently, the owner occupies both the downstairs shop and the upstairs flat, but the property can be sold with full vacant possession. The owner has also expressed interest in renting the shop from the new owner.
We estimate that the downstairs shop can be rented for £16,000 per annum, and the two upstairs flats, once officially converted, can be rented for £1,500 pcm per one-bedroom flat. This would total £52,000 annually, producing a 6.5% yield at the assumed asking price.
Please note that there is a substantial crack in the ceiling of the first floor towards the rear of the property, which the current owner has advised will be repaired.
The property comprises a ground-floor retail shop with an outbuilding at the rear of the garden, and a split-level flat upstairs, which can be converted into two one-bedroom apartments.
Description
An opportunity to purchase the freehold interest in this three-storey, mixed-use property in Walthamstow, just a five-minute walk from Wood Street Station.
The property comprises a ground-floor retail shop with an outbuilding at the rear of the garden, and a split-level flat upstairs, which can be converted into two one-bedroom apartments.
Currently, the owner occupies both the downstairs shop and the upstairs flat, but the property can be sold with full vacant possession. The owner has also expressed interest in renting the shop from the new owner.
We estimate that the downstairs shop can be rented for £16,000 per annum, and the two upstairs flats, once officially converted, can be rented for £1,500 pcm per one-bedroom flat. This would total £52,000 annually, producing a 6.5% yield at the assumed asking price.
Please note that there is a substantial crack in the ceiling of the first floor towards the rear of the property, which the current owner has advised will be repaired.
Floor plans and tours
Floor plans (1)
More information
Listed by
Calibre Estates
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