Offers in Excess of £600,000

Commercial property for sale in Wingletye Lane, Hornchurch, RM11 (ref: 18930321)

Shortlist

Key features

  • POTENTIAL GROSS INCOME IN THE REGION OF £40,000 PER ANNUM
  • GREAT INVESTMENT OPPORTUNITY IN A PRIME LOCATION WITHIN EMERSON PARK, HORNCHURCH
  • TWO-STOREY MIXED-USE BUILDING
  • FIRST FLOOR TWO BEDROOM FLAT (634 sqft)
  • GROUND FLOOR COMMERCIAL (1188 sqft)
  • PLANNING APPROVE - https://development.havering.gov.uk/OcellaWeb/planningDetails?reference=P1524.22&from=planningSearch
  • ALLOCATED PARKING AT REAR
  • WALKING DISTANCE TO UPMINSTER BRIDGE UNDERGROUND STATION (DISTRICT LINE)
  • WALKING DISTANCE TO EMERSON PARK RAIL STATION
  • CHAIN-FREE / VACANT POSSESSION

Virtual Tour

Virtual Tour

**PLANNING FOR EXTENSION APPROVED - GREAT INVESTMENT OPPORTUNITY IN A PRIME LOCATION WITHIN HORNCHURCH, EMERSON PARK - TWO-STOREY MIXED-USE BUILDING OFFERING A GROUND FLOOR COMMERCIAL WITH ACCESS TO A LARGE GARAGE/OUTBUILDING AND PARKING, IN ADDITION TO A FIRST-FLOOR TWO BEDROOM FLAT - POTENTIAL DEVELOPMENT OPPORTUNITY - CHAIN-FREE / VACANT POSSESSION**

(VIRTUAL TOUR AVAILABLE)

OC Commercial would like to offer a fantastic investment opportunity located in the much sought-after Emerson Park area. Ideally located within walking distance from local amenities and public transport links, including Upminster Bridge Underground Station (District Line) and Emerson Park Rail Station. Benefits include a large shopfront on a busy road, an additional rear entrance to the premises, an outbuilding/garage, and parking.

GROUND FLOOR COMMERCIAL UNIT (1188 sqft)
A 668 sqft commercial unit, estimated to generate 18k - 20k p/a, including access to a large 520 sqft outbuilding and garage. There are a further 2 parking spaces at the rear of the property. There is a potential development opportunity (Subject to local authority consent), where the existing outbuilding/garage is located.

FIRST FLOOR TWO BEDROOM FLAT (634 sqft)
Access via a staircase from the rear of the premises. The property comprises a spacious lounge, fitted kitchen, two bedrooms and a three-piece bathroom suite, in addition to a sizeable loft space.

The property also has the added benefit of planning approval for the following;

Change of Use from Sui General ground floor retail unit with first floor flat, to Use Class E as a Bridal Shop, involving ground floor single storey rear extension, and first floor rear extension, and demolition of existing single storey outbuilding and store rooms

https://development.havering.gov.uk/OcellaWeb/planningDetails?reference=P1524.22&from=planningSearch

Stamp duty due

Based on a sale price of £600,000 the total amount of stamp duty payable will be:

*

Last updated: The calculator has been updated to reflect changes in stamp duty following the Mini Budget on 23rd September 2022.

* This value is based on the standard rate and not applicable to first-time buyers or buy-to-let / second home buyers.

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Further details

  • Status: Available
  • Tenure: Freehold
  • Reference: 18930321

Location