235 -241 Clayhall Avenue
Clayhall, Ilford,
London
IG5 0NY

Freehold Neighbourhood Retail Parade and Residential Investment

  • Includes 4 shops and 5 flats
  • Popular East London suburb
  • 9 Miles north East of the City of London
  • Situated in a Popular Residential Neighbourhood
  • Lot
    26
  • Auction
    04/Nov/2021
  • Rent
    £22,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £310,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • 235 -241 Clayhall Avenue, Clayhall, Ilford,, London, IG5 0NY
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
9 miles north east of Central London
Roads
A12, A1400, A406 (North Circular Road)
Rail
Redbridge Underground Station (Central Line), Barkingside Underground Station (Central Line) Fairlop Underground Station (Central Line), Underground Station (Central Line)
Air
London Heathrow Airport, London Gatwick Airport, London Stansted Airport, London Southend Airport
Situation

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.

Tenure

Freehold.

Description

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

VAT is not applicable to this lot.

Completion Period

6 week Completion

EPC

Please see legal pack at www.acuitus.co.uk

Tenancy & Accommodation

UnitFloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/
(Reversion)
235GroundRetail
52.50 sq m
(565 sq ft)
INDIVIDUALS
sublet and t/a
Ladbrookes
999 years from
1983
nil 
237GroundRetail
141.90 sq m
(1,527 sq ft)
INDIVIDUALS t/a
Premier
999 years from
1983
nil 
239GroundRetail
59.70 sq m
(642 sq ft)
INDIVIDUALS t/a La
Parlour
15 years from
26/04/2013
£11,000(26/04/2028)
241GroundRetail
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)
235-241First
Second
Residential
Maisonette
INDIVIDUAL125 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 £1,000 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

  • Catalogue Page
    Updated Date
    15.10.21
    File Size
    876 KB
    View PDF
  • Site Plan
    Updated Date
    15.10.21
    File Size
    465 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 060519john.mehtab@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Seller's Solicitors
Pittalis & Co Global House, 303 Ballards Ln
London
N12 8NP
Marios Pittalis 0208 446 9555marios@pittalis.co.uk

Useful Links

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