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7 Highview Parade, Woodford Avenue, Redbridge, IG4 5EP

For sale: £295,000.00|1205 Sq Ft|General Retail, Retail

PROPERTY DETAILS

FOR SALE£295,000.00
SIZE1205 Sq Ft
ADDRESS7 Highview Parade, Woodford Avenue, Redbridge, Redbridge, IG4 5EP
TYPEGeneral Retail, Retail
TENUREFor Sale Freehold
POSTED ON21st December 2019

DESCRIPTION

The property comprises of a freehold retail investment with the shop let on a 15 year full repairing and insuring lease, beginning February 2012, expiring February 2027.

The rent was recently reviewed to £22,500 p.a.x. however, the existing tenant was given a personal concession reducing the rent to £17,000 p.a.x. currently and rising to £18,000 p.a.x. on 17th February 2020 until the next rent review in February 2022. (Please note the personal concession rent is for the existing tenant only and is not assignable). The Shop/Showroom comprises of 1,205 sqft (111.94 sqm) plus rear ancillary area of 140 sqft (13.01 sqm).

( Agency Pilot Software Ref: 700 )

LOCATION

Location: 7 Highview Parade, Woodford Avenue, Redbridge, Redbridge, IG4 5EP

Gants Hill (0.5 miles)

Redbridge (0.7 miles)

Wanstead (1.4 miles)

Ilford (1.7 miles)

Manor Park (2.1 miles)

Seven Kings (2.1 miles)

AGENT'S DETAILS

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