Freehold Neighbourhood Retail Parade and Residential Investment
Freehold Neighbourhood Retail Parade and Residential Investment
Ilford is very popular East London suburb approximately 9 miles east of Central London. The town benefits from a generally affluent demographic and is benefiting from substantial investment with a new Crossrail station and major residential developments recently undertaken and planned. The property is situated in the residential neighbourhood of Clayhall which sits approximately 2 miles north of Ilford town centre.
The property is situated on the northern side of Clayhall Avenue and forms part of a larger neighbourhood retail parade.
Freehold.
Ilford is very popular East London suburb approximately 9 miles east of Central London. The town benefits from a generally affluent demographic and is benefiting from substantial investment with a new Crossrail station and major residential developments recently undertaken and planned. The property is situated in the residential neighbourhood of Clayhall which sits approximately 2 miles north of Ilford town centre.
The property is situated on the northern side of Clayhall Avenue and forms part of a larger neighbourhood retail parade.
Freehold.
The property comprises a parade of 4 mixed use buildings with self-contained retail units on the ground floor and 5 x self-contained residential flats above. Tenants include a bookmakers, convenience store, beauty salon and a dry cleaners.
VAT is not applicable to this lot.
6 week Completion
Please see legal pack at www.acuitus.co.uk
The property comprises a parade of 4 mixed use buildings with self-contained retail units on the ground floor and 5 x self-contained residential flats above. Tenants include a bookmakers, convenience store, beauty salon and a dry cleaners.
VAT is not applicable to this lot.
6 week Completion
Please see legal pack at www.acuitus.co.uk
| Unit | Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review/ (Reversion) |
|
|---|---|---|---|---|---|---|---|---|
| 235 | Ground | Retail | 52.50 sq m |
(565 sq ft) |
INDIVIDUALS sublet and t/a Ladbrookes |
999 years from 1983 |
nil | |
| 237 | Ground | Retail | 141.90 sq m |
(1,527 sq ft) |
INDIVIDUALS t/a Premier |
999 years from 1983 |
nil | |
| 239 | Ground | Retail | 59.70 sq m |
(642 sq ft) |
INDIVIDUALS t/a La Parlour |
15 years from 26/04/2013 |
£11,000 | (26/04/2028) |
| 241 | Ground | Retail | 60.65 sq m |
(652 sq ft) |
INDIVIDUALS t/a Dry Cleaners |
20 years from 23/10/2019 |
£11,000 | (23/10/2039) |
| 235-241 Flats 1-4 |
First Second |
Residential | 4 Residential Flats |
HEYSARBOUR LIMITED |
Each Flat Let on a Separate lease for a term of 215 years from 25/12/1983 |
nil | (24/12/2190) | |
| 235-241 | First Second |
Residential | Maisonette |
INDIVIDUAL | 125 years from 25/12/1983 |
nil | (24/12/2108) | |
| Total Approximate CommercialFloor Area | 314.75 sq m |
(3,386 sq ft) | £22,000 | |||||
(1) The floor areas stated above are those published by the Valuation Office Agency at https://www.tax.service.gov.uk/business-rates-find/list-properties
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.
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