12 Goodmayes Road Ilford London IG3 9UN

12 Goodmayes Road
Ilford
London
IG3 9UN

Freehold Retail and Residential Investment

Includes a shop and a self contained Maisonette
Retail rent reviewed 3 yearly to greater of Open Market rent or a 10% increase.
11 miles east of Central London
100 metres from Goodmayes Crossrail Station
Neighboring occupiers include, Tesco Extra, Costa Coffee, Wickes, Curry's PC World, B&M Bargains and Carpetright

Lot
3
Auction
23rd September 2020
Rent
£24,000 per Annum Exclusive
Status
Sold
Price
£409,000
Auction Venue
Live Streamed Auction

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Freehold Retail and Residential Investment

Includes a shop and a self contained Maisonette
Retail rent reviewed 3 yearly to greater of Open Market rent or a 10% increase.
11 miles east of Central London
100 metres from Goodmayes Crossrail Station
Neighboring occupiers include, Tesco Extra, Costa Coffee, Wickes, Curry's PC World, B&M Bargains and Carpetright

Lot 3
Auction 23rd September 2020
Rent £24,000 per Annum Exclusive
Status Sold
Price £409,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 11 miles east of Central London; 4 miles east of Stratford and the Olympic Park; 4 miles west of Romford
Roads: B177, A118, A12, M25
Rail: Goodmayes Cross rail Station
Air: London City Airport (4 Miles),; London Southend,; London Stansted, London Heathrow

Situation

Goodmayes is located in east London, approximately 1.5 miles east of Ilford and 4 miles west of Romford. The property is prominently located on the west side of the busy Goodmayes Lane approximately 100 metres from Goodmayes Railway Station. Nearby occupiers include, Tesco Extra, Costa Coffee, Wickes, Curry's PC World, B&M Bargains, Carpetright and an eclectic mix of local retailers.

Tenure

Freehold.

Location

Miles: 11 miles east of Central London; 4 miles east of Stratford and the Olympic Park; 4 miles west of Romford
Roads: B177, A118, A12, M25
Rail: Goodmayes Cross rail Station
Air: London City Airport (4 Miles),; London Southend,; London Stansted, London Heathrow

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail accommodation and a self contained one bedroom maisonette on the first and second floor.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

See legal pack.

Description

The property comprises a ground floor retail accommodation and a self contained one bedroom maisonette on the first and second floor.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

See legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground	Retail	27.44 sq m	(295 sq ft)	INDIVIDUAL T/A Yummy Chicken	25 years from 14/07/2008 until 2033	£14,400 (1)	2023 and every 3 years (1)
First Second	1x Maisonette	17.36 sq m 17.36 sq m	(187 sq ft) (187 sq ft)	INDIVIDUAL	Assured Shorthold Tenancy for a term of 4 years from 1st June 2018 untilJune 2022	£9,600 (2)
Total		62.16 sq m	(669 sq ft)			£24,000

(1) The lease provides for the rent to be reviewed to the higher of Open Market rental value or the current rent plus 10%
(2) As to the Assured Shorthold Tenancy agreement, the rent shown above has been annualised.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.