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Commercial For Sale in Forest Gate - Offers above £470,000

Property photo

Freehold investment

Opposite forest gate station

A2 Planning use

Potential for further development

Price: Offers In Excess of £470,000.00 (Subject to VAT)

Clarke and Lloyds property consultants are proud to present this fantastic opportunity to acqurie a freehold building right opposite forest gate station.

The premises consists of a commercial unit arrange over basement, ground floor and the first floor. The rear of the building has parking space which isaccessed from a break in the parade with an opening into Woodgrange Road. The premises is currently occupied by the estate agents office on the ground floor with the rear part as a second office and kitchen plus landing. The First floor consists of two offices in addition to a large WC/ bathroom and the basement. Currently the rental income from the property is £24,000 per annum, rented out on a Full Repairing & Insuring lease of 15 years, commenced in November 2004.

Further, there is potential for development by changing the upper floors into flats and create mix residential & commercial property (Subject to planning permission). The approximate floor area of the current accomodation is as below:

Basement: 422 sqft / 39m²

Ground Floor: 731 sqft / 68m²

First Floor: 495 sqft / 46m²


The property is located opposite Forest Gate station providing regular services to London Liverpool Street. Wanstead Park Station (London Overground Service) is a few minutes walk from the property.It is also due to benefit hugely from the soon to be completed Crossrail terminal providing swift access into Central London and to Heathrow Airport.


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IMPORTANT NOTICE

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.