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FOR SALE – RESIDENTIAL AND VACANT COMMERCIAL INVESTMENT WITH DEVELOPMENT POTENTIAL 234 & 240-250 WOOD STREET, WALTHAMSTOW, LONDON, E17 3NA
FOR SALE – RESIDENTIAL AND VACANT COMMERCIAL INVESTMENT WITH DEVELOPMENT POTENTIAL234 & 240-250 WOOD STREET, WALTHAMSTOW, LONDON, E17 3NA
234 & 240-250 WOOD STREET, WALTHAMSTOW, LONDON, E17 3NA
LOCATIONWalthamstow is situated in north east London, approximately 10km (6 miles) from the West End and 8 km (5 miles)
from the City of London. The area is bounded by the Lee Valley and Walthamstow Reservoirs to the west, Epping
Forest to the east and the North Circular Road (A406) to the north and is within a short walk of Wood Street
station (services to Liverpool Street in under 20 minutes).
Walthamstow is one of London’s fastest-growing, up-and-coming districts, benefitting from the City’s move eastwards
and the push outwards from Londoners moving away from prime central areas. Walthamstow Village, an area of
attractive Victorian and Georgian streets and an enclave of artisan and independent shops, bars and restaurants is
approximately 500 metres west of the site.
240-250 WOOD STREETA substantial 2 storey property comprising 7 flats let on ASTs and a large ground floor commercial space used as
retail, office and storage. The building has an extensive frontage on Wood Street, with retail/offices to the front and a
mix of workshops, storage and offices to the rear. There is also a first floor rear converted into an office.
The flats are in good repair and offer generous living space with high ceilings.
The surrounding buildings are 2/3 storeys. We believe the commercial section of the building could be converted to
create additional residential units and extra floors could be added to the rear, subject to planning.
234 & 240-250 WOOD STREET, WALTHAMSTOW, LONDON, E17 3NA
SCHEDULE OF ACCOMMODATION: 240 -250 WOOD STREET
No Tenant Level/bed Passing Rent Size SQ M Size SQ FT Deposit
240 Residential - AST G/F – I bed £13,200 59.8 644 Yes
240A Residential - AST F/F – I bed £13,200 62.8 676 Yes
246A Residential - AST F/F – 1 bed £13,200 75.4 812 Yes
248 Residential - AST G/F - 1 bed £13,200 88.4 951 Yes
248A Residential - AST F/F – 2 bed £14,400 78.1 841 Yes
250 Residential - AST G/F – 1 bed £13,200 56.8 611 Yes
250A Residential - AST F/F-2/F – 2 bed £14,400 87 936 Yes
TOTAL £94,800 508.3 5,467
246-250 Commercial - VACANT G/F (with part first) £60,000 (ERV) 509 5490
TOTAL £154,800 1,017 10,957
234 & 240-250 WOOD STREET, WALTHAMSTOW, LONDON, E17 3NA
FLOORPLANS: 240 -250 WOOD STREET
234 & 240-250 WOOD STREET, WALTHAMSTOW, LONDON, E17 3NA
FLOORPLANS: 240 – 250 WOOD STREET
234 & 240-250 WOOD STREET, WALTHAMSTOW, LONDON, E17 3NA
234 WOOD STREETA substantial corner property comprising 3 flats let on ASTs. All three flats are in good condition and well maintained.
SCHEDULE OF ACCOMMODATION
No Tenant Level/bed Passing Rent Size SQ M Size SQ FT Deposit
234 Residential - AST G/F – I bed £12,000 39.5 425 Yes
234A Residential - AST F/F – 2 bed £15,000 62.2 707 Yes
234B Residential - AST F/F – 1 bed £12,600 49.1 528 Yes
Total £39,600 150.8 1660 Yes
234 & 240-250 WOOD STREET, WALTHAMSTOW, LONDON, E17 3NA
234 & 240-250 WOOD STREET, WALTHAMSTOW, LONDON, E17 3NA
These particulars do not constitute an offer or a contract. Applicants should satisfy themselves as to the correctness of the details. Value added tax may be payable on rents, prices
or premiums. Photographs are for illustration only and may depict items which are not included in the sale of the property.
PRICE:240 – 250 Wood Street: Offers in excess of £2.75m, representing a gross yield of 5.62%
234 Wood Street: Offers in excess of £675,000, representing a gross yield of 5.9%
EPCAvailable upon request.
LEGAL COSTSEach party will be responsible for their own legal costs.
VIEWING & FURTHER INFORMATIONBy appointment with sole agents:StrettonsWaltham House, 11 Kirkdale RoadLondon, E11 1HP
Abas AnwarE [email protected] 07803 850 230
Ted NowellE [email protected] 07974 620 057
