The property comprises of a ground floor lock up shop currently trading as a car repairs and MOT garage and has been trading since approx 1990, the lease expires 1st August 2021 paying £14,250 p.a.x.
The shop benefits from air conditioning, suspended ceiling, rear shutter/access, alarm, electric roller shutter to the front and carpeting. The shop has a total area of 1,247 sqft (115.85 sqm), which includes a retail area of 595 sqft (55.29 sqm), a rear ancillary area of 652 sqft (60.60 sqm) and additionally a parking space on the forecourt.
There is a 2 bedroom flat above currently paying £12,000 p.a. and are due to leave in March 2019. The pictures below of the flat are prior to the current AST. We haven't inspected the flat but are informed that its one single and one double bedroom.
A ground floor lock-up retail unit with storage, rear access and WC. The premises occupies a prominent position on Barkingside High Street (A123), adjacent to Boot’s Opticians. Other notable occupiers nearby include Vodaphone, Superdrug, Barclays, Percy Ingle and Santander. Eastern Avenue (A12) is located 1.2 miles to the South serving access to the North Circular (A406) within 5 minutes. Both Barkingside Station and Fairlop Station are within walking distance servicing regular journeys to Central London. On-street parking is available by way of pay and display
By way of an assignment of the existing lease understood to expire in 2020 thus having 2 years remaining. A new lease may be available directly with the landlord subject to terms. Premium of £30,000 for the benefit of the renewable lease.
SHOP LEASE FOR SALE
Type: Retail, Retail - High Street
88 High Street, IG6 2DRGBIlfordEssexIG6 2DR88, High Street