Unique opportunity to purchase a striking freehold in a prominent and prime location within central South Woodford, a very affluent area. The property is located fronting George Lane, alongside a prime retail parade with a number of shops, restaurants, bars and cafes within a short walk, including M&S,
Sainsbury’s, Boots, Costa, Slug & Lettuce, Greggs, Pizza Express and Waitrose.
The property is currently split into 4 parts comprising a residential block which has been sold off on long leases with a ground rent income of £1,200 per annum, a GP surgery which has also been sold off at a peppercorn ground rent, a substantial medical centre with an existing business which can be acquired or which can be vacant and which would also be an ideal space for a nursery, and a penthouse apartment spanning the length of the main building which is currently accessed through the medical centre. There is a car park to the rear with front and side access, half of which is occupied by the GP/Resi-block.
With a gross internal floor area of approximately 6,600 sq. ft. (613m²) plus a 2/3 bedroom penthouse which we are advised is c1,000 sq.ft.
Freehold for sale. Existing medical business can be purchased by way of going concern if of interest, otherwise vacant possession will be available upon completion. Offers are invited in the region of £2,500,000 for the entire property including the Freehold of the residential block, the Freehold of the main building and the penthouse apartment. Subject to contract