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.
Site area 2364.0 sq.m. / 25445 sq.ft. / 0.58 acres)
Total income passing p.a.: £56,640
The property covers a freehold site of 0.58 acres.
The property comprises a mix of industrial / motor-trade and storage uses, along with a substantial four bedroom detached house.
The site has a wide variety of existing planning uses and clear development potential, 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.
In addition to the freehold land there is a leasehold 0.28 acre leasehold part (highlighted in yellow on the site plan) which has been rented by our client on an informal basis for nearly fifty years. Subject to the landlord's consent the leasehold interest may pass to the new owner upon completion.
Freehold site for sale subject to the various leases / licences. Vacant possession of the whole is possible on completion. The property is being sold with the benefit of the goodwill in the ongoing operational business. Details in respect of the business are available upon request. We understand that the property is not elected for VAT.
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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