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632 Chigwell Rd 1,642 SF 100% Leased Retail Building Woodford Green IG8 8AF $773,276 ($470.94/SF)
EXECUTIVE SUMMARY
The property comprises a ground floor dry cleaning shop with a self-contained, two bedroom flat on the first and second floors with rear access. The property has a Gross Reversionary Yield of 7.2%.
The building is situated on the West side of Chigwell Road in a local shopping parade. The immediate surrounding area is a mixture of high quality and local authority residential properties. Situated on Chigwell Road directly opposite the junction with Green Walk. This is a highly visible location and has high levels of passing vehicles. Chigwell Road runs between Charlie Brown Roundabout A406 and Woodford Bridge. The nearest station is Woodford underground station (Central Line) which is approximately just over a mile away.
The building is situated on the West side of Chigwell Road in a local shopping parade. The immediate surrounding area is a mixture of high quality and local authority residential properties. Situated on Chigwell Road directly opposite the junction with Green Walk. This is a highly visible location and has high levels of passing vehicles. Chigwell Road runs between Charlie Brown Roundabout A406 and Woodford Bridge. The nearest station is Woodford underground station (Central Line) which is approximately just over a mile away.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,642 SF
Building Class
B
Year Built
1930
Price
$773,276
Price Per SF
$470.94
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Parking
2 Spaces (1.22 Spaces per 1,000 SF Leased)
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632 Chigwell Rd
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