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AGENT'S DETAILS


Commercial Investment For Sale

For sale: £695,000.00|Retail, Office, Farm, Offices, General Retail, Retail - High Street, Mixed Use, Commercial Land, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£695,000.00
ADDRESS250 High Road, Ilford
TYPERetail, Office, Farm, Offices, General Retail, Retail - High Street, Mixed Use, Commercial Land, Other Property Types & Opportunities
TENUREFor Sale Leasehold
POSTED ON3rd December 2020

DESCRIPTION

Retail Investment & Vacant office

FOR SALE
250 yr lease from 2017
Retail Rented at £30,000 pax - First floor office (vacant) - 1800/167 m2

Location:
The property is positioned at the eastern end of High Road, Ilford at the junction with Griggs Approach immediately opposite Lynton House (Redbridge Council offices) and a public pay & display car park. Nearby retailers include Subway, KFC, McDonalds, Lidl, farm Foods and a 5-minute walk into Ilford’s main shopping centre.

Ilford Train station (main line & future Crossrail station) is a 9-minute walk away plus the office is situated opposite a main bus stop enabling excellent routes in and out of the Town centre.

Ilford Town Centre lies approximately 8 miles North East to Canary Wharf, 12 miles north-east to Central London, 5-minute drive to the A406 (North Circular Road), 10 minutes to the A13 with direct routes into Canary Wharf and the City and is also conveniently situated for the M11 / M25.

Description:

Retail premises has just recently been let for a term of 10 years from November 2020 at a passing rent of £30,000 pax to an independent supermarket with a 6 month’s rent deposit.
Total Area 1800 sq. ft 167.23 m2
With 2 car spaces

1st floor office with a self-contained front entrance & 2 car spaces
Arranged as 7 office suites with a large Reception/ greeting area, separate Kitchen with 2 separate WC’s.
Gross internal area 1800 sq. ft 167.23 m2
(Our client has drawn a PD scheme to convert this area into 2 x 1bed flats, plans available upon request)

Lease Details
250 Year lease from August 2017
Price
Offers in the region of £695,000 + VAT, subject to contract

Legal Costs
Each party to pay for their own

Viewing
Strictly by Appointment
only via sole agents

Jason Grant

020 8506 9900 / 020 8506 9905
jason@countrywidecomm.co.uk

LOCATION

Location: 250 High Road, Ilford

Newbury Park (1.2 miles)

Gants Hill (1.3 miles)

Barking (1.4 miles)

Ilford (0.4 miles)

Seven Kings (0.8 miles)

Goodmayes (1.4 miles)

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