Wood Street, Walthamstow, E17
- PROPERTY TYPE
Retail Property (high street)
- SIZE
2,361 sq ft
219 sq m
Description
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.
Wood Street, Walthamstow, E17
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Wood Street Station0.0 miles
- Walthamstow Central Station0.8 miles
- Walthamstow Queens Road Station1.0 miles
Notes
Disclaimer - Property reference 101793001014. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Calibre Estates, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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