Auction House London

Lot 51

Commercial Property - Commercial Property 

307-309 High Road

Ilford, Essex, IG1 1NR

Withdrawn Prior to Auction.

A Commercial Investment and Residential Redevelopment Opportunity Comprising a Double Ground Floor Restaurant (A3) Let at £35,000 per annum with Separate Ancillary/Store Accommodation Above. Potential to Redevelop the Upper Parts into Residential Accommodation (subject to obtaining all relevant consents).

Description

Tenure

Freehold

Location

The property occupies a prominent position on a main shopping parade servicing Ilford town centre. Nearby multiples include Lidl, Fitness First and Farm Foods. Transport links are provided by Ilford rail station.

VAT

VAT is not applicable

Description (2nd Column)

The property comprises two adjoining shops trading as a restaurant (A3 use) with first floor ancillary accommodation within a mid terrace building arranged over ground and first floors. There is potential to extend and redevelop the upper parts (subject to obtaining all relevant consents). A scheme of 4 x 2 bedroom flats has been suggested by the vendor. The upper parts have a separate rear access.

Viewing Details

The property is available to be viewed between 15:00 and 18:30 Wednesday to Monday.

Please refer to us directly on 0207 625 9007 and we will arrange access.

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Annual Rent
Restaurant Ground Gross Frontage: 28 ft 0 ins (8.53 m)
Shop Depth: 61 ft 9 ins (18.82 m)
Shop Width (ave): 24 ft 6 ins (7.46 m)
Dining Area (approximately 100 covers) - 1,421 sq ft (132.15 m2)
Fitted Bar
Customer WC’s
Kitchen incorporating storage, food preparation area and walk in chiller - 458 sq ft (42.59 m2)
Let on an FRI lease to Mr Rajesh Chouhan t/a Pakwaan Punjabi Cuisine Ltd* for a term of 15 years from 2011 at a rent of £35,000 per annum. 5 yearly upward only rent reviews. £35,000
Anillary/Store First Five Rooms
Two Store Rooms
Bathroom
Separate WC
Vacant

Additional Fees and Disclaimer

Administration charge: £1,500 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.

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

Enquire NowFinance AvailableStamp Duty CalculatorRegister to Bid
For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

Share this lot

Similar Properties

Lot 48

92 High Street Cowdenbeath, Fife, KY4 9NF

*Sold for £110,000.

Lot 4

30 Chislehurst Road Orpington, Kent, BR6 0DG

*Sold for £110,000.

Enquire about 307-309 High Road, Ilford, Essex, IG1 1NR

Sign-up for our newsletter

Get the latest lot details along with new blog posts, straight to your inbox

Services

  • Request Auction Valuation
  • Remote Bidding Registration
  • Online Auctions
  • Property Services

Auctions

  • Current Auction
  • Past Auctions
  • Lots still available
  • Guide to buying at auction
  • Guide to selling at auction
  • General Conditions of Sale
  • Register to Bid

Guides

  • Guide to buying at auction
  • Guide to selling at auction
  • Guide to buy online

About

  • About Us
  • Why Choose Us
  • Meet The Team
  • Privacy Policy
  • Complaints Procedure

Auction House London

5 Hampstead Gate, 1a Frognal, Hampstead, London NW3 6AL

Tel: 020 7625 9007
Fax: 020 7990 9979
Email: info@auctionhouselondon.co.uk
Auction House London
Site built by IVC
Copyright © 2024 Auction House London
Registered Address: 5 Hampstead Gate, 1a Frognal, Hampstead, London NW3 6AL Company No. 07048084
Footer Logos