Residential development for sale
Property description & features
- Tenure: Freehold
- Freehold garden centre/salvage yard
- Totalling approx 5,163 sq ft
- Potential for alternative uses (STPP)
- Of interest to investors, developers or owner occupiers
- Development potential (STPP)
Location - Situated off Ruby Road, which is a residential street that leads into Hoe Street, one of the main shopping areas in Walthamstow. The closest train station is Walthamstow Central which is on the Victoria and Overground lines, and the area is served by local buses. The A406 (North Circular Road) and M11 are both accessible from the premises.
Description - Comprising a predominantly open site, totalling approximately 5,163 sq ft (479.6 sq m), which has been used as a garden centre and salvage yard for many years. The property has a storage shed and old horse stables within it, although these are in a dilapidated condition. The premises may be suitable for reconfiguration and/or redevelopment, subject to gaining the necessary consents.
Tenancy - The premises are let to a private individual, by way of a full repairing and insuring lease, at a rent of £10,000 per annum. We understand that the tenant is holding over under the terms of the Landlord and Tenant Act 1954.
Terms - The freehold is available, subject to the existing tenancy agreement, for offers in excess of £750,000.
Business Rates - The premises have a Rateable Value of £16,500 under the 2023 Valuation List.
Viewings - Strictly via sole agents, Clarke Hillyer, tel[use Contact Agent Button].
Epc - An Energy Performance Certificate has been ordered and will be available in due course.
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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