Home > Auctions > 20 May 2026 20 May 2026 - 9:00am > Lot 97

20 May 2026: Wednesday 20 May 2026 - 9:00am
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    Key features

    • First Time on the market for approximately 39 years
    • A freehold mixed use investment opportunity.
    • Ground floor commercial unit, sheds, storage and front and rear yard
    • Upper parts arranged as 2 X 2 bedroom flats
    • Commercial unit let to long standing tenant
    • Both flats let to separate private individuals on periodic tenancies
    • Site comprises approx. 5,299 sq ft with building GIA approx. 1,530 sq ft.
    • Asset management potential to increase rental income
    • Development potential (subject to consents)
    • Investment let at £37,800 per annum.

    Description

    A freehold mixed use investment opportunity.Comprising a ground floor commercial unit, sheds, storage and front and rear yard let to longstanding tenant. Upper parts arranged as 2 X 2 bedroom flats each let on separate periodic tenancies.Site comprises approx. 5,299 sq ft with building GIA approx. 1,530 sq ft.

    Investment let at £37,800 per annum.

    Additional information

    Tenure

    Freehold

    Accommodation

    Ground Floor - Car forecourt, Three Rooms, Front and rear Yard with sheds and storage

    Flat A - Entry Hallway, Kitchen, Living Room, Two Bedrooms and Bathroom/WC.

    Flat A - Entry Hallway, Kitchen, Living Room, Two Bedrooms and Bathroom/WC.

    Tenancy

    Ground floor unit and yard let on a verbal agreement/periodical tenancy to longstanding tenant (private individual) at £11,400 per annum.

    Flat A let on a periodic tenancy to a private individual for £13,200 per annum.

    Flat B let on a periodic tenancy to a private individual for £13,200 per annum.

    Planning

    Please refer to the legal pack for reference to a pre app response.

    Rent

    £37,800 per annum

    Notes

    NOTICE – RENTERS' RIGHTS ACT 2025. Please take note if you wish to bid on a property with a tenancy. This Act is in force from 1 May 2026.From that date, all assured tenancies in the private rented sector will become rolling (“periodic”) tenancies and the current system of fixed term assured shorthold tenancies will no longer apply. Tenancies signed on or after 1 May2026 will be subject to the new rules. If you are purchasing a property currently let on an assured shorthold tenancy, the tenancy may no longer operate as described in the tenancy schedule or legal pack if completion falls on or after 1 May 2026. Other changes under the Act also apply. This notice is for your information only and you should take legal advice before bidding and review Government Guidance available at: www.gov.uk/government/publications/guide-to-the-renters-rights-act


    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack. 

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        All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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        No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

        No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

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        Local information

        Located near to the junction of Chingford Mount Road and Frances Road

        An extensive range of Shopping facilities are easily accessible in the centre of Chingford

        Recreational amenities of Memorial Park and Chase Lane Park are within close distance

        Transport

        Overground- Chingford

        Legal documents

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        EPC rating

        If no EPC rating appears please refer to the legal pack.

        Guide prices and common auction conditions

        •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

        •The reserve price is the minimum price at which the property can be sold.

        •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

        •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

        Please note that all prices listed, whether prior to or post auction, are subject to contract.

        The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

        The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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