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 4th November 2021
Rent £22,000 per Annum Exclusive
Status Sold
Price £310,000
Sector High Street Retail
Auction Venue Live Streamed Auction
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.
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
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
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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.