Balfour House 390 - 398 High Road Ilford Greater London IG1 1TL

Balfour House
390 - 398 High Road
Ilford
Greater London
IG1 1TL

Retail, Office and Educational Investment

  • Comprises parade of 6 retail units and training centre
  • Important East London suburb on Crossrail route
  • Nearby occupiers include Howdens Joinery, Topps Tiles, Magnet and the County Court
  • Forecourt and rear car parking
  • Active management potential and residential development potential (subject to consents)
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    33
  • Auction
    26th March 2015
  • Rent
    £102,600 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,155,000
  • Sector
    Office
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Retail, Office and Educational Investment

  • Comprises parade of 6 retail units and training centre
  • Important East London suburb on Crossrail route
  • Nearby occupiers include Howdens Joinery, Topps Tiles, Magnet and the County Court
  • Forecourt and rear car parking
  • Active management potential and residential development potential (subject to consents)
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 33
  • Auction 26th March 2015
  • Rent
  • Status Sold
  • Price £1,155,000
  • Sector
    Office
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
12 miles east of Central London, 4.5 miles from Stratford, 4 miles south-west of Romford
Roads
M11, North Circular (A406), A12
Rail
Ilford Railway Station, Newbury Park Underground Station (Central Line)
Air
London City Airport, Stansted Airport
Situation

The property is prominently situated on the south side of busy High Road (A118) next to a modern and significant Sikh Temple. Howdens Joinery, Topps Tiles, Magnet and the County Court are all nearby as well as an eclectic mix of local retailers.

Tenure

Virtual Freehold. Held for a term of 999 years from completion at a peppercorn rent.

Location
Miles
12 miles east of Central London, 4.5 miles from Stratford, 4 miles south-west of Romford
Roads
M11, North Circular (A406), A12
Rail
Ilford Railway Station, Newbury Park Underground Station (Central Line)
Air
London City Airport, Stansted Airport
Situation

The property is prominently situated on the south side of busy High Road (A118) next to a modern and significant Sikh Temple. Howdens Joinery, Topps Tiles, Magnet and the County Court are all nearby as well as an eclectic mix of local retailers.

Tenure

Virtual Freehold. Held for a term of 999 years from completion at a peppercorn rent.

Description

The property comprises a parade of six ground floor retail units with forecourt car parking and office/D1 used as a training centre and secure car parking for 10 cars at the rear of the ground floor. The office/ D1 training centre is accessed separately from the front of the property and has rear access. The property forms part of a larger building.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a parade of six ground floor retail units with forecourt car parking and office/D1 used as a training centre and secure car parking for 10 cars at the rear of the ground floor. The office/ D1 training centre is accessed separately from the front of the property and has rear access. The property forms part of a larger building.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/(Reversion)
Ground D1 Training Centre
492.57 sq m
(5,302 sq ft)
PLAB TRAINER LIMITED (1) 8 years from 14/03/2011 (2) £53,600 (13/03/2019)
Ground Office
105.44 sq m
(1,135 sq ft)
PATEL & JOACHIM LLP (t/a Solicitors) 19 years from 05/01/2009 £21,000 05/01/2015
(25/12/2028)
Ground Retail
71.25 sq m
(767 sq ft)
IDEAL FONE UK LIMITED (3) 10 years from 08/04/2010 £12,000 (07/04/2020)
Ground  
32.51 sq m
(350 sq ft)
VACANT POSSESSION      
Ground Retail
34.74 sq m
(374 sq ft)
MR GINTARAS DACKEVICIUS (t/a Atlantic Aquarium) 3 years from 01/02/2011 £8,000 (31/01/2014
Holding Over)
Ground Retail
40.59 sq m
(437 sq ft)
MR TARUN PAL (t/a Ram Jewellers) 10 years from 22/07/2011 £8,000 21/07/2021
Totals  
777.10 sq m
(8,365 sq ft)
    £102,600 with one unit to be let

(1) Plab Trainer Limited was incorporated on 17/10/2005 and provides training courses for the PLAB test, the main route by which international medical graduates demonstrate that they have the necessary skills and knowledge to practice medicine in the UK. (Source: www.gmc-uk.org 27/02/2015)
(2)The lease provides for a tenant option to determine the lease in 16/03/2016.
(3) Ideal Fone UK Limited was incorporated on 07/01/2009.

Property Documents

  • Catalogue Page
    Updated Date
    03.03.15
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    03.03.15
    File Size
    71 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Carpenters Rose Solicitors 26 The Broadway, Mill Hill
London
NW7 3NL
Mark Rose 0208 906 0088general@carpentersrose.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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