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Shop & 3 Bed Flat For Sale, 7 & 7a Mulberry Way, South Woodford, E18 1EB

2,013 Sq Ft / Retail / Mixed Use

For Sale - £800,000.00

Available - Last updated: 04 November 2024

Comprising a retail unit on the ground floor and basement commercial areas together with a 3-bed maisonette accessed from the rear via a private walkway

Location

Situated in a suburban area within the London Borough of Redbridge on the southside of Mulberry Way (B168), close to the junction of George Lane & close to South Woodford Underground Station on the Central Line, providing convenient access to central London. The area is known for its mix of residential and commercial spaces, including shops, cafes, and local businesses along George Lane and around the station area. At the end of Mulberry Way there is Convenient access to A406 which links to the M11 & M25 motorways.

Accommodation

Gross Internal Area - 2,013 sq ft (187.1 sq m)

Terms

Tenure: Freehold subject to existing tenancies

Price: Offers sought in the region of £800,000, subject to contract and existing tenancies as above for the freehold interest. A purchase at this level will equate to a net investment yield of 6.24% and a gross investment of 6.5%

VAT: The property is not elected for VAT

Legal Costs: Each party to pay for their own legal fees.

Tenancy Information: see attached brochure for information

Specification

  • Freehold
  • Fully Rented
  • Opposite Sth Woodford Train Station
  • Individually Rented
  • Total income - £52,000 pax
  • Price - £800,000

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers in the region of For Sale Freehold £800,000.00 NA

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Contact agents

Jason Grant

Countrywide Commercial

020 3369 2264

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