Mixed use for sale

* RECENTLY REDUCED - FREEHOLD SHOPS & FLAT FOR SALE WITH REAR YARD * - The property is located on an established commercial parade on Hall Lane, Chingford, opposite the Corktree Retail Park. Hall Lane leads directly into The North Circular (A406) which provides access to the Motorway Network. Comprising a mixed use property with a shop and minicab office on the ground floor with a self-contained 2-bedroom flat above. At the rear of the premises is a yard which has vehicular access via a service road off Burnham Road. The property also benefits from a forecourt. The premises may be suitable for redevelopment and/or reconfiguration, subject to gaining the necessary consents. Please call CLARKE HILLYER on[use Contact Agent Button] for further information.

Location - The property is located on an established commercial parade on Hall Lane, Chingford, opposite the Corktree Retail Park. Hall Lane leads directly into The North Circular (A406) which provides access to the Motorway Network. The closest train stations are Highams Park (Weaver Line) and Meridian Water (Greater Anglia) and the area is served by local buses.

Description - Comprising a mixed use property with a shop and minicab office on the ground floor with a self-contained 2-bedroom flat above. At the rear of the premises is a yard which has vehicular access via a service road off Burnham Road. The property also benefits from a forecourt. The premises may be suitable for redevelopment and/or reconfiguration, subject to gaining the necessary consents. The accommodation is more particularly described as follows:
Shop: Sales area: 205 sq ft (19 sq m); Store: 280 sq ft (26 sq m); Container: 139 sq ft (12.9 sq m); WC.
Minicab Office: 188 sq ft (17.5 sq m).
Flat: 2 bedrooms, living room, kitchen, bathroom/WC.

All measurements quoted are approximate only.

Tenancies - Shop: to be sold with vacant possession.
Minicab office: currently let on a tenancy agreement for £835 per month.
Flat: currently let on an assured shorthold tenancy agreement at a rent of £1,100 per month.

Planning - Planning consent was granted in 2022 for the demolition of the rear extension and removal of the existing storage container to facilitate the construction of a single storey rear extension to be used as retail storage. In addition, planning was granted for the installation of rear access metal gates and the creation of 2 parking spaces. We understand that the planning has now lapsed so interested parties may wish to reapply for this consent or make a new application for an alternative scheme.

Terms - The freehold is available for £450,000. The ground floor shop will be vacant once the property is sold and we understand that the minicab office and flat could potentially be sold vacant or tenanted.

Business Rates - The shop has a Rateable Value of £5,600 and the cab office has a rateable value of £4,000. Interested parties may benefit from Small Business Relief and are advised to confirm current rate liability with the Local Authority.

Council Tax - The flat is within Band 'B'.

Viewings - Strictly via sole agents Clarke Hillyer, tel[use Contact Agent Button].

Epcs - The ground floor has an Energy Performance Certificate rating of B, whilst the flat has an EPC rating of D.