A Ground Floor Commercial Unit Let to A Nursery Producing £30,000 Income Per Annum

The property comprises a ground floor nursery situated within a purpose built block arranged over ground and four upper floors

Tenure

Long Leasehold. The property will be held on a new 999 year head lease upon completion.

Location

The property is situated on a mixed use road close to local shops and amenities. The open spaces of Hollow Forest are within easy reach. Transport links are provided by Walthamstow Central (Victoria Line) and Wood Street Overground Station.

Accommodation

Ground Floor Nursery Classroom Kitchen Kitchenette Community Hall Community Hall WC Community Hall Kitchenette WC Pupils WC

Tenancy

The property is subject to an Commercial Lease for a term of 20 years commencing September 2022 at a rent of £15,000 per annum. The Tenants also have a separate agreement in place with the Landlord for works already carried out for a repayment of £15,000 per annum for the first 5 years of the term. Buyers should refer to the section 106 and the lease in the legal pack for more information regarding the payment structure after the first 5 years of the lease.

Current Rent Reserved

Current Rent Reserved £30,000 per annum

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.