The subject property is a brick built 3/4 storey premises with a part pitched and part flat roof. The property sits on a highly prominent corner position known as the Bakers Arms.
Internally, the commercial unit is arranged over ground and basement floors. The space was previously occupied by Barclays Bank and has been stripped out.
There is a large 2 bedroom flat on the first floor and a large 3 bedroom flat on the second floor, both in excellent condition.
Location
The property is situated on the boundary of Leyton and Walthamstow in an area which is undergoing a considerable amount of development and regeneration without losing its charm. Leyton was recently voted as one of the coolest neighbourhoods by Time Out magazine and Walthamstow is a vibrant and diverse neighbourhood.
Transport links for the property are excellent, with Walthamstow Station 10mins walk to the north. Road links are also good with the A12 and A406 approximately 1.5 miles away.
The property is in close proximity to a variety of shops, restaurants, and supermarkets including Tesco’s and Costa Coffee situated on the Lea Bridge Road, with Walthamstow market a short walk away. The property benefits from an abundance of local amenities with parks and leisure facilities. Ten minute walk from the property you’ll find yourself in the much sought after Walthamstow village with Elizabethan architecture, pubs, artisan bakeries, restaurants and coffee shops. The Queen Elizabeth park is 10 minutes drive away and is the legacy of the Olympic and Paralympic Games in London offering a variety of attractions and experiences.
Accommodation
Commercial
Ground Floor - 215 sq m
Basement - 76 sq m
First Floor - 43 sq m
Second Floor - 39 sq m
Third Floor - 22 sq m
TOTAL - 395 sq m
Residential
First Floor - 69 sq m
Second Floor - 89 sq m
TOTAL - 158 sq m
Communal
Ground Floor - 9 sq m
Basement - 16 sq m
First Floor - 11 sq m
TOTAL - 36 sq m
OVERALL TOTAL - 589 sq m (6.338 sq ft)
Terms
Planning Permission - Planning permission has been granted for (the partial change of use of retail unit (Class E) to mix use retail and residential (Class E/C3) including alteration of roof profile, construction of a part two-storey, part three-storey extension at the rear, and internal alterations to facilitate adaptation of existing apartments (1 x 3b5p and 1 x 2b3p) to create 4 new flats totalling 6 dwelling units (2 x 1b2p, 2 x 2b3p, 1 x 2b4p, and 1 x 3b5p) with ancillary storage for cycles, refuse, and recycling as well as amenity space).
For a more detailed view of the proposed accommodation, please view attached brochure.
Application Reference Number: 222852
Method Sale - Private treaty (The site is for sale freehold including the long leases above of the uppers parts. The freehold and leasehold titles can be merged).
Guide Price - £1,500,000
EPC - Available upon request
Legal Cost - Each party to bear their own legal costs.
Specification
- A mix-use freehold retail unit with part commercial on the upper floors and basement. There are also 2 leasehold vacant residential flats above.
- Planning permission has been granted to part convert the existing building and extend the rear to provide 6 private residential apartments (2x1 beds, 3x2 beds, 1x3 bed) and retain the ground floor and basement.
- Under this scheme, the residential GIA area equates to 533 sqm and the commercial area is 263 sqm. There may be scope for a wider redevelopment of the air space, subject to planning and any necessary consents.
- The property is offered with vacant possession.