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London E17 – Freehold Bar and Residential Investment

For sale: POA|2,273 Sq Ft|Retail - High Street, Pubs/Bars/Clubs, Mixed Use, Retail, Licensed & Leisure, Other Property Types & Opportunities

Property details

FOR SALEPOA
SIZE2,273 Sq Ft
ADDRESS30 St James's Street, Walthamstow E17 7PF
TYPERetail - High Street, Pubs/Bars/Clubs, Mixed Use, Retail, Licensed & Leisure, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON21st May 2021

Description

Investment Consideration:
Rental Income: £71,120 p.a.
VAT is NOT applicable to this property
The property comprises bar and 3 self-contained residential flats arranged over ground, first, second and third floor.
Total area size of 211 sq m (2,273 sq ft)
Located within walking distance to St James Street Overground Station which provides direct services to London Liverpool Street Station with journey time of 13 minutes.
Nearby occupiers include Tesco Express and Costa Coffee, amongst number of cafes and restaurant/takeaways, health center and many more.

Property Description:
The property comprises bar and 3 self-contained residential flats arranged over ground, first, second and third floor. The flats are accessed from the rear of the building.

The property provides the following accommodation and dimensions:
Ground Floor: Bar 83 sq m (893 sq ft)
First Floor: 2 Flats 64 sq m (690 sq ft)
Flat A - 1 Bedroom, Kitchen/Living Room, Bathroom/WC
Flat B - 1 Bedroom. Kitchen/Living Room. Bathroom/WC
Second/Third Floor: 1 Flat 64 sq m (690 sq ft)
Flat C - 2 Bedrooms, Kitchen/Living Room, Bathroom/WC
Total area size: 211 sq m (2,273 sq ft)

Tenancy:
The ground floor bar is at present let to an Individual t/a Kelly’s Sports Bar and Grill for a term of 12 Years from 15th December 2017 at a current rent of £35,000 per annum and the lease contains full repairing and insuring covenants. Upward only rent reviews in September 2021 and 2025. No break clause. Flat A is at present let on AST to an Individual for a term of 12 months from 18th March 2020 at a current rent of £11,400 per annum. Flat B is at present let on AST to an Individual for a term of 12 months from 1st November 2020 at a current rent of £10,320 per annum. Flat C is at present let on AST to an Individual for a term of 12 months from 24th August 2020 at a current rent of £14,400 per annum.

Location:
Walthamstow is a large town in north East London, England, located in the historic county of Essex. Situated north of Leyton, south of the North Circular Road, east of the Lea Valley Reservoir Chain, and west of Snaresbrook and South Woodford, the town is centred 7.5 miles (12.1 km) north-east of Charing Cross. The property is located on the west side of St James Street, between the road’s junctions with Leucha Road and Frederic Street. The property is well located with a range of amenities and facilities close by. St James Street Overground Rail Station is a short walk away and provides direct services to London Liverpool Street Station with journey time of 13 minutes. Walthamstow Central Rail and Underground Station (Victoria Line) is also within reach. Extensive shopping facilities are available from ‘The Mall’ Walthamstow and Walthamstow Market. Nearby occupiers include Tesco Express and Costa Coffee, amongst number of cafes and restaurant/takeaways, health centre and many more.

Location

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Location: 30 St James's Street, Walthamstow E17 7PF

Walthamstow Central (0.5 miles)

Blackhorse Road (0.5 miles)

Tottenham Hale (1.4 miles)

St James Street (0.0 miles)

Walthamstow Queens Road (0.4 miles)

Walthamstow Central (0.5 miles)

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