Freehold Mixed Use Property with Development Potential - London E4

0.58 Acre Site with motor trade, storage and residential uses

Farm Tyre Services, Sewardstone Road,  Chingford, LONDON E4 7RH

Features

  • Freehold 0.58 acre site with buildings of Gross Internal Area: 683.3 sq m (7,355 sq ft)
  • Long established and profitable tyre business - goodwill available
  • Vacant possession of the whole is possible on completion
  • Average Number of motor vehicles passing the property daily: c.19,500
  • Broad spectrum of existing permitted planning uses and further development potential STPP
  • Leasehold building and land: Gross Internal Area: 66.1 sq m (712 sq ft) on 0.28 acres

Guide price for the real estate interests £1,980,000 subject to contract

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Location


The property is located on the west side of Sewardstone Road, a few metres to the south of the junction with Butlers Drive which is between Waltham Abbey and Chingford. The property is in the local authority of Epping Forest District Council.


Sewardstone Road A112 is a busy main road featuring an average of approximately 19,500 vehicle movements between Waltham Way A1037 and Lea Valley Road A110 on a daily basis.


The property benefits from excellent local amenities, with a good selection of shopping, eateries and leisure facilities in Waltham Abbey and Chingford, within 1.5 miles and 2.25 miles, respectively. The location offers exceptional access to open green spaces, being 0.75 miles south of Gunpowder Country Park.


The property has good connections via road and rail. The A112 (Sewardstone Road) provides direct access to the North Circular Road (A406) approximately 4 miles south, and is within 2.5 miles of both Junction 25 and 26 of the M25, connecting to the wider London and national road networks.


Chingford Station (London Overground) is within 2.25 miles of the property and provides services into Central London (Liverpool Street) within 30 minutes.

Area

Site area 2364.0 sq.m. / 25445 sq.ft. / 0.58 acres) 

Total income passing p.a.: £56,640

1. Front (east) workshop area236.60 sq.m. / 2546 sq.ft.
Single storey, six bay car workshop, office, waiting room and WCs situated in the south-east corner of the site. Three phase electrical supply. Eaves height: 3.21m. There is a container office and three further storage containers, with space for one more on the land immediately behind, south of the workshop.
Current operational business utilises three bays for tyre fitting .
2. Front car parking / open storage areaMeasuring c 18 x 38 metres this area is directly in front of the workshop.
3. House212.60 sq.m. / 2288 sq.ft.
Detached four bedroom house and garage. Ground floor: 3 bedrooms, 2 reception rooms, kitchen / diner, bathroom and WC. First floor: 1 bedroom and large shower room. Note: part of the garage was previously used in conjunction with the car wash area.
The residential house is currently under-rented and let on an assured shorthold tenancy (AST) with a passing rent equating to £2,000 per calendar month. This element of the property will be sold with vacant possession.
Income passing p.a. £24,000
4. Car wash areaThe section of land to the side of the house has a certificate of lawful use to be used as a “hand car wash as an ancillary use to the primary tyre fitting depot use”.
Vacant
5. Warehouse (middle north)233.90 sq.m. / 2517 sq.ft.
Situated behind the house is this basic warehouse building. Ground floor 134.9 sq m (1,452 sq ft) plus mezzanines with no fixed stair access 99.0 sq m (1,066 sq ft). Single phase electrical supply. Eaves height: 4.83m and Apex: 5.46m.
Vacant
6. Rear (west) Storage Land including 6 Containers6 modern containers
Let on licences and generate a rental income of £18,720 pa (£60 per week, per container).
Income passing p.a. £18,720
7. Leasehold Land (middle south): 16 containers1084.52 sq.m. / 11673 sq.ft.
There are 7 modern containers and 9 (of which 4 are oversized) older containers.
We understand that the seller has rented this land on an informal basis for nearly fifty years, currently paying a rent of £400 per calendar month (£4,800pa). There are 16 containers on the leased land. We understand that 4 of the larger containers and 6 of the smaller containers are used in conjunction with the operational tyre fitting business. The remaining 6 containers are let on licences and generate a rental income of £18,720 pa (£60 per week, per container). i.e. net rent less £4,800pa is currently £13,920 pa.
Income passing p.a. £13,920
8. Leasehold land: Small Workshop/Storage Building66.10 sq.m. / 711 sq.ft.
Brick built workshop / store with single phase electrical supply.
Current operational business utilises for tyre storage.

Description


Freehold Land


The freehold 0.58 acre part of property comprises a mixed use industrial / motor-trade, storage and residential uses. 


The site has a wide variety of existing and potential alternative planning uses, subject to obtaining the necessary consents.


This is a prominent property with a frontage to Sewardstone Road of c 26m and a maximum depth of c 122m.


Leasehold Land


The leasehold 0.28 acre part of the site (highlighted in yellow on the site plan) is understood to have been rented by our client on an informal basis for nearly fifty years.


Terms

Freehold site for sale subject to the various leases / licences operating thereon. Vacant possession of the whole is possible on completion. The goodwill in the ongoing operational business is available by separate negotiation. Details in respect of the business are available upon request.

Viewings

By prior appointment with Gilmartin Ley, telephone 020 8882 0111.

Rateable value: £25,750

Estimated Rates Payable: £12,360 per annum

Service charge: N/A

Local authority: Epping Forest District Council

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Property reference: 33428 Updated: 19 Feb 2026