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
    23/Sep/2020
  • Rent
    £24,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £409,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • 12 Goodmayes Road<br>Ilford<br>London<br>IG3 9UN
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  • Photos
  • Map

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

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.

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

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview
GroundRetail
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 Maisonette17.36 sq m
17.36 sq m
(187 sq ft)
(187 sq ft)
INDIVIDUALAssured 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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    18.09.20
    File Size
    32 MB
    Login to View
  • Catalogue Page
    Updated Date
    02.09.20
    File Size
    633 KB
    View PDF
  • Site Plan
    Updated Date
    02.09.20
    File Size
    789 KB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    15.09.20
    File Size
    57 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Associate Auctioneers
11 Lifstan Walk
Southend-on-Sea
Essex
SS2 4GW
Simon Mellish 07449425952simon@simonmellishauctioneer.com
Seller's Solicitors
Pinney Talfourd LLP New North House, 78 Ongar Road
Brentwood
Essex
CM15 9BB
Ben Hersom 01277 249 392ben.hersom@pinneytalfourd.co.uk

Useful Links

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