This mixed-use property presents a valuable opportunity for renovation and investment in a well-established commercial area. Located on Hall Lane in Chingford, directly across from the Corktree Retail Park, the site is strategically positioned with easy access to the North Circular (A406) and the motorway network, making it convenient for both businesses and residents.
The property features a shop and a minicab office on the ground floor, providing immediate income potential. Above, a self-contained two-bedroom flat offers added residential value. The layout includes a yard at the rear that has vehicular access from Burnham Road, as well as a forecourt that enhances front-of-house visibility.
For prospective investors or developers, this property holds significant renovation potential. Previous planning consent was granted for the demolition of an existing rear extension to accommodate a new single-storey retail storage space, alongside parking improvements. Although this planning has lapsed, it highlights the property's adaptability and the possibilities for reconfiguration or redevelopment — subject to obtaining new consents.
The shop is set to be sold with vacant possession, while the minicab office currently generates monthly rental income of £835 under an active tenancy agreement. Additionally, the flat is rented at £1,100 per month on an assured shorthold tenancy agreement. This combination offers an attractive dual-income stream right from acquisition.
With local transport options including Highams Park station and Meridian Water station nearby, along with comprehensive bus services in the area, accessibility is assured for customers and tenants alike. This property not only represents a solid investment but also invites creative vision for its future development within a thriving community setting. Viewing appointments can be arranged through Clarke Hillyer for those interested in exploring this unique opportunity further.
