Sold
- Free Hold Sale
- Studio Flat Above Shop
- Successful Running Business
- Large Public Car Park At Rear
- Freezer Room
- Drive Through Facility At The Rear Of The Shop
A3/A5 Shop Plus Separate 1 Bedroom First Floor Flat.
This is a great opportunity to acquire a highly visible and lucrative freehold property in the popular area of Ilford. Located close to Cineworld Cinemas and ilford exchange this freehold property offers great visibility.
The property is located few minutes away from Ilford Police Station and the Ilford exchange centre with well-known brands such as Lidle and Fitness First are all located within 60 meters of the shop.
The site has great Potential for development opportunities as this is a Free Hold sale. The site has a Great income as the shop will generate £18,000 p/y, the first floor 1 bedroom flat will generate £10,200 p/y with an impressive total of £28,200 a year.
ACCOMMODATION
Ground Floor
Width/Frontage: 15" approx.
Depth: 56" approx. (not including backyard)
Total A3 shop area: 840" approx
One bedroom flat
Width: 12" approx.
Depth: 26" approx.
Total Flat area: 312" approx
TOTAL AREA: 1152 sq ft (approx)
TENURE
The lease for for the commercial property downstairs has 17 years remaining.
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PREMIUM
Our client seeks a premium of £95,000 for the benefit of goodwill, fixtures and fittings. Our client has informed us that they have spent a large amount on the fit-out of the Fast Food Kebab Restaurant and they can show receipts to demonstrate this.
RATES
We have been advised that the rates payable are under £5,000 per year without the use of council exemptions and local business grants. However, interested parties are encouraged to make their own enquiries with the Local Authority.
