Thinking of buying or selling call 020 8599 9911

   

FOR SALE - FREEHOLD INVESTMENT WITH UPPER PARTS SOLD OFF

330 LEY STREET, ILFORD, IG1 4AF

1,340 sq.ft ( 124.49 m2  )

Key Features

•  Income Producing
•  Long unexpired term

Location

The property forms part of an established parade of shops on Ley Street predominantly occupied by local traders serving the nearby community. Shops such as cafes, convenience stores, eateries, estate agents and beauty salons form the majority of shops within the parade. The demise is within a mile from Ilford Exchange (rear entrance on Ley Street) and within a mile West from Ilford Station, which is subject to the new Crossrail Scheme

Accommodation

3 storey mixed-use building comprising a retail premises at ground floor level with two x two bedroom flats to the upper parts. We are advised that both flats have been sold off on long-leases. The approximate Net Internal Area (NIA) of the commercial unit is as follows:
Total1,340 sq.ft ( 124.49 m2  )

Lease Terms

The ground floor has been let on a Full Repairing and Insuring Lease for a term of 15 years from 12th March 2018 at a rental of £19,000.00 per annum exclusive. The upper parts comprise two flats, one on each floor, that have been sold off on a long lease at a ground rent of £300.00 per annum. The total income therefore is £19,600.00 per annum.

Price

Rates

Rateable Value£12,000
UBR 2019/202049.1p
Rates Payable£5,278
The Tenant here is responsible for Business Rates. Any further enquiries should be redirected to The London Borough of Redbridge Council on 020 8708 4357.

Energy Performance Asset Rating

EPC Awaited

A+
A
B
C
D
E
F
G

VAT

Value Added Tax is applicable in respect of this property.

Service Charge

A service charge may be applicable in respect of this property. Further details are available on request.

Legal Costs

Each party to bear their own legal costs.

Viewing

Strictly by prior appointment with joint sole letting agents Taylor Freeman Kataria and Brian Thomas.

Contact:

Rajiv Kataria

Rajiv@cliffords-estates.co.uk

OR

Amaal Khan

Amaal@brianthomas.co.uk

GET IN TOUCH

TFK 306, Green Lane, Ilford IG1
020 8599 9911

BUSINESS HOURS

MONDAY - FRIDAY 9:00 a.m. – 5:00 p.m.
SATURDAY & SUNDAY CLOSED

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