Vacant Retail/Part investment, 9 & 9a Chaseville Park Road, Winchmore Hill, London, N21 1PG

This is a great opportunity to acquire a freehold property with a commercial unit being suitable for a variety of uses, such as a convenience store, beauty or food business. It could also be suitable for professional services.
It’s located in a prominent trading position on a purpose built retail parade which drives the local community on foot to the area or the ample car parking for vehicle passing traffic.
The property also includes a three bedroom flat across 2 floors which is let for £22,500pa.
This also presents a strong opportunity for investors to acquire a partly ready let property whilst being able to offer a new lease with good terms of the ground floor.

A pretty part of the borough of Enfield, Winchmore Hill, is filled with old-world charm, perhaps because of its history, or maybe due to the streets of well-maintained Edwardian family houses. There are many buildings of historical note in Winchmore Hill, including churches, schools and even a pub dating back to 1726.

Today, at the heart of the area is Winchmore Hill Green. Picture a traditional village green surrounded by shops, restaurants and cafes; it’s here where you will find the most exclusive part of Winchmore Hill, Broad Walk, a long road that leads off the Green, where large 1920s mansions have been converted into modern homes.

Attracting growing families and wealthy businessmen, the postcodes in Winchmore Hill are pretty impressive. Connecting Winchmore Hill to its neighbour, Southgate, is the historic Grovelands Park; once a private estate, the park is now enjoyed by the people who live in the North London suburbs.

The commercial space is currently set up as a convenience store that also has a post office. The ground floor has a large Class E commercial unit that looks to be 119 sq m in size. There is full glass frontage across the entrance to the unit which is great for advertising and making the space feel even bigger. The majority of the space is direct sales area with a till halfway down on the left and a further post office counter adjacent. Towards the rear of the sales area is a current counter space and freezer area for what was used as an ice cream parlour. There is also a further storage area at the rear of the shop.

There is a large 3-bedroom maisonette above the shop that has separate private access from the rear of the building. This is let until 24/01/2025 on a lease agreement to a local estate agent paying £1,875 PCM. The flat has a separate eat-in kitchen and large reception room which has access to a private balcony at the front of the building. There is storage under the stairs, at the top of the landing, and further loft space access as well. There are 3 double rooms and a separate bathroom and WC on the top floor. This is rented on a separate AST to the shop below via a local agent.

The shop is located on a busy parade of shops which benefits from customer parking directly outside the shop. There is free parking for up to 20 cars at any one time and there is additional on-street parking as well.

This is a great chance to buy a substantial freehold asset in Enfield, North London, with vacant possession upon the expiry of current lease agreements for the shop and flat respectively that both end in the coming months. The freehold benefits from being in generally good condition throughout and gives the opportunity for a new buyer to implement their own ideas for the commercial space and flat, or to re-let these in an increasingly busy market.

This is a freehold asset that is on two separate titles that are being sold together.

The commercial shop on the ground floor is vacant. The flat above is let on a lease agreement for £1,875 PCM until 24/01/2025.