Auction House London

Lot 22

Commercial Property - Commercial Property 

250 High Road

Ilford, Essex, IG1 1YT

Sold after auction for an undisclosed amount

A Ground Floor Retail Unit Subject to a 10 Year FRI Commercial Lease Producing £30,000 Per Annum and Vacant First Floor Offices. A Permitted Development Application has been Submitted to Convert the First Floor into Two Residential Flats.

30th June Completion Available at Buyer's Request

Description

The property comprises a ground floor retail unit and first floor offices situated within a detached building arranged over ground and nineteen upper floors.

Tenure

Leasehold. The property is held on a 250 year lease from 30th August 2017 (thus approximately 246 years unexpired).

Location

The property is well situated on High Road just a five minute walk to the main shopping centre. Nearby multiples include KFC, McDonalds and Lidl. The open spaces of South Park are within easy reach. Transport links are provided by Ilford rail station.

Accommodation

Ground Floor
Retail Area

GIA 180.7 sq m (1,944 sq ft)

First Floor
Seven Office Suites
Reception Area
Kitchen
Two WC's

GIA 180.7 sq m (1,944 sq ft)

Exterior

The property benefits from four car parking spaces. Two are demised to the shop and two are demised to the offices.

Tenancy

The property is subject to a 10 year FRI lease commencing November 2020 at a rent of £30,000 per annum. A six month security deposit is held.

Addendum

Buyers should note that there is a revised scheme for the first floor that has been submitted to the planners (see our website).

Additional Fees

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

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