Development Sites for sale in Ilford

View the "London Properties are pleased to offer to the market this Freehold Parade of shops and residential ground rent Investment" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 I had an offer for my Cafe Bistro business within 4 days of the advertisement going live on Daltons. 

Beverley Iles (September 2016)
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Freehold Price: £1,150,000 Annual Turnover: £68,800
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Business Description
LOCATION: Ilford is located in the London Borough of Redbridge, which is situated 8 miles east of the City of London, bordering Waltham Forest to the west and Havering to the east. There are good transport links with the A406 (North Circular) approximately 1 mile to the east and A13 to the south. The property is situated in a prominent corner position on Green Lane (A1083) at its junction with Goodmayes Road, close to the rail station. Occupiers close by include a number of local traders

DESCRIPTION: The property is arranged on ground and three upper floors to provide three ground floor retail units, one of which is a double unit, and twenty four self-contained flats sold off on long leases. In addition, there is a large gated car park to the rear.

UNIT 1: Unit 1 with 2 Car Parking Spaces Currently Solicitors Office Gross Frontage 6.70 m (21’ 11”) Net Frontage 5.60 m (18’ 5”) Shop Depth 12.35 m (40’ 6”) Built Depth 15.95 m (52’ 4”) £17,000 per annum - 15yrs lease from 12/04/2015, Rent Review every 5yrs & FR & I

UNIT 2: Unit 2 with 2 Car Parking Spaces Currently trading as Estate Agent Gross Frontage 6.30 m(20’8”)
Net Frontage 5.60 m (18’ 5”) Shop Depth 13.45 m (44’ 2”) Built Depth 15.95 m (52’ 4”) £17,000 per annum - 15yrs lease from 01/06/2015, Rent Review every 3yrs & FR & 1

UNIT 3/4: Units 3 & 4 with 4 Car Parking Spaces Currently trading Convenience Store Gross Frontage (Inc. Splay) 14.40 m (47’ 3”) Net Frontage (Inc. Splay) 13.35 m (43’ 9”) Return Window Frontage 7.85 m (25’ 9”)
Shop Depth 11.80 m (38’ 8”) Built Depth 14.10 m (46’ 3”)
£29,500 per annum - 15yrs lease from 23/07/2016, Rent Review every 5yrs

FLATS: Flats Various Individuals Twenty Four Flats Held on 24 individual 125 year leases from 24.07.2007 £4,800 p.a. (£200 p.a. x 24

INCOME: £68,300 per annum

TENURE: Freehold Investment

AGENT NOTE : Potential to development in the rear car park subject to planning permission

LOCAL AUTHORITY: Redbridge

LEGAL COST: To be confirmed

HOLDING DEPOSIT: A holding deposit will be required to secure the property the deposit will buy a period of exclusivity and will be held in the London Properties client account

AGENT NOTE: London Properties for themselves for Lessors, Vendors and their agents, give notice that:-

1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.

2. These details do not constitute any part of an offer or contract.

3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.

4. All rent prices, fees and charges are quoted exclusive of VAT

VIEWINGS: Through London Properties by appointment only
Tenure: Freehold

Location Details:
London Properties are pleased to offer to the market this Freehold Parade of shops and residential ground rent Investment. Located in a densely populated London suburb comprises three shops (one double unit) and 24 ground rents together with gated car parking & Total Current Rents reserved at £68,300 per annum. Ilford is located in the London Borough of Redbridge, which is situated 8 miles east of the City of London, bordering Waltham Forest to the west and Havering to the east. There are good transport links with the A406 (North Circular) approximately 1 mile to the east and A13 to the south. The property is situated in a prominent corner position on Green Lane (A1083) at its junction with Goodmayes Road close to the rail station Internal viewings are highly recommended through London Properties by appointment only.

Listed by: London Properties
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