5
P1010281
P1010274
15
17
shutterstock_508753390
P1010332
  • For Sale
  • Offers Over £440,000
  • 12-14 St James Street, Walthamstow, E17 7PF
  • Commercial Investment

Commercial Investment

| November 5, 2021

Executive Summary

  • Ground floor commercial unit let to Evolution Care Innovations Ltd on a 10-year lease from August 2021 with a current passing rent of £22,000 per annum.
  • Located in a prime part of Walthamstow, E17 next to St. James Street station and very close to Waltham market.
  • Part of a modern building and held on a 999-year lease from April 2017.
  • Offers are invited in excess of £440,000, subject to contract.
  • EPC Rating - B.

Location
The property is located in a building at the junction of St James Street (A1006) and Leucha Road. The property is accessed from Leucha Road and sits behind the Costa Coffee that fronts onto St James Street. St. James Street station is adjacent to the building and provides a regular service to Liverpool Street via the Overground line. The infamous Walthamstow market and The Mall shopping centre are moments away. The area is well served by buses. The A406 (North Circular) is approximately 2 miles away and provides access to the A10, A12 and M11.

Please note all distances given are approximate only.

Description
The property is accessed from a Leucha Road and is arranged over ground floor only. It sits within a mixed-use building which has commercial uses on the ground floor and residential use on the upper floors. Costa Coffee occupy the commercial unit fronting onto St James Street. The ground floor measures approximately 1,330 square feet (123.53 square metres).

Lease
The property is let for 10 years from August 2021 to Evolutio Care Innovations Ltd. The current passing rent is £22,000 per annum. There is a rent review and break clause at the end of year 5. The landlord holds a 6 month deposit.

Tenant
The tenant is a leading provider of community ophthalmology, hospital support services and eye care technology in the UK. Evolutio Ophthalmology provides multi-skilled clinical teams based in Ophthalmology Diagnostic & Treatment Centres and over 200 affiliated community providers as an integrated eye care network for the NHS. They are responsible for managing the care of 120,000 new NHS patients each year and help local NHS hospital eye departments increase outpatient capacity.

Please refer to the tenant's website for more information on the company:

www.evolutio-ophthalmology.co.uk

Tenure
The property is held on a 999-year lease from April 2017 with a peppercorn ground rent.

Terms
Offers are invited in excess of £440,000, subject to contract.

VAT
It is understood that the building is not elected for VAT.

Viewings
Viewings are strictly by appointment through sole agents Harston&Co.

The Site and all the content on the Site is provided for use "as is" and "as available" and any reliance upon the same is at your sole risk. Whilst We take all reasonable care to ensure that the content on this Site is accurate, We cannot guarantee its accuracy and We reserve the right to change the content on this Site at any time. We make no representations or warranties of any kind with respect to this Site or the content of the Site, including any text, graphics, advertisements, links or other items. Further more, neither We nor any other contributor to this website make any representation or gives any warranty, condition, undertaking or term either expressed or implied as to the condition, quality, performance, accuracy, fitness for purpose, completeness or freedom from viruses of the content contained on the Site or that such content will be accurate, up to date, uninterrupted or error free.

The Site and all the content on the Site is provided for use "as is" and "as available" and any reliance upon the same is at your sole risk. Whilst We take all reasonable care to ensure that the content on this Site is accurate, We cannot guarantee its accuracy and We reserve the right to change the content on this Site at any time. We make no representations or warranties of any kind with respect to this Site or the content of the Site, including any text, graphics, advertisements, links or other items. Further more, neither We nor any other contributor to this website make any representation or gives any warranty, condition, undertaking or term either expressed or implied as to the condition, quality, performance, accuracy, fitness for purpose, completeness or freedom from viruses of the content contained on the Site or that such content will be accurate, up to date, uninterrupted or error free.