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Lot 7 - FREEHOLD MIXED USE INVESTMENT DOUBLE RESTAURANT & TWO SPLIT-LEVEL 2 BED FLATS - PRODUCING £48,000 P.A. PLUS ONE VACANT FLAT

46 - 48 Old Church Road, Chingford, London, E4 8DB

Sold for £980,000
Thu Sep 11 2025
11:00am
BY ORDER OF JOINT LPA RECEIVERS

Property Description

A double-fronted property comprising a ground floor restaurant with rear yard and forecourt seating and separate rear access to 2 self-contained split-level flats above. Occupying a prominent trading position within this busy town centre, amongst a variety of multiple retailers including Costa, Specsavers, Superdrug, Wenzel's and Domino's amongst others. Chingford lies about 3 miles from Walthamstow, 11 miles north of Central London and has good road links via the A406 North Circular Road.

Ground Floor Restaurant: 1,831 sq ft (170.1 sq m)
46a & 48a Old Church Road: Each 2 bedrooms, living room, kitchen, bathroom/toilet

Ground Floor Restaurant: Let on a repairing and insuring lease to Asker Aktas (trading as a Turkish restaurant) for 20 years from 13.08.2021 at a rent of £30,000 p.a. Rent Reviews 2026 & 5 yearly.
46a Old Church Road: Let on an AST commencing on 01.07.2025 at £1,500 per month and continuing on a year-to-year basis until either party terminates.
48a Old Church Road: Offered Vacant

PRODUCING EQUIVALENT TO £48,000 P.A. PLUS ONE VACANT FLAT

Ground Floor Commercial, Flats 46a & 48a = D

Auction Surveyor: Robert Woolfe
Contact: 020 8509 4408 robert.woolfe@strettons.co.uk

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #16] Note that in addition to the purchase price there is a buyer’s administration fee [section #11] and there may be additional non-optional fixed or variable fees and costs [section #12]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.

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