To let
Property available on: 20/08/2015
- A1 Retail Usage
- Extractor Fans already In Place
- Lease Assignment until 2020
- Renewable Lease
- Cheap Rent - £9,360
- Large Space - 1,571 sq. ft.
We are proud to present this great Glass Fronted A1 Usage property in the heart of Ilford currently run as an electrical hardware shop and has been successfully run for the past 7 years.
Previously run as an A3 Chicken Shop the property still maintains the capacity to be run as an A3 as it has fully operational Extractor fans. The property is situated in a great location surrounded by many transport facilities and residential properties ensuring a wide range of clientele. Located on a busy high road the properties offers constant traffic passing the property as well as a healthy amount of footfall. Located only a short 5 minute walk to Ilford Station and surrounded by many bus routes the property is located only a short 5 minute walk from Ilford town centre such as The Exchange Centre which count as a benefit to the property as it attracts customers.
This spacious A1 property boasting 718.0 sq. ft. and a further 853.78 sq. ft. of space at the rear spanning 5 room spaces which is a total of 1,571.83 across the shop floor and the spacious 4 room at the rear of the property currently generating £14,400 per annum. The property has an annual rental figure of £9,360 which is considerably cheap and can be argued to be one of the cheapest properties in the area. The seller is seeking a premium of £50,000 for this long running successful business. The seller is offering a Renewable Lease which is due to expire in 2020 however can be easily extended.
Accommodation
Shop Front: 11.55 ft.
Shop Floor: 11.55 x 36.30
Shower at The Rear: 2.58 x 6.40 sq. ft.
Sub - Total: 718.05 sq. ft. (approx.)
Kitchen: 14.28 x 4.94
Room 1: 10.30 x 10.77
Room 2: 10.85 x 8.52
Room 3: 10.53 x 11.27
En Suite: 3.1 x 7.00
Storage Space: 10.70 x 6.00
Room 4: 14.70 x 9.76
Corridor: 57.22 x 2.9
Sub-Total: 853.78 sq. ft. (approx.)
TOTAL: 1,571.83 sq. ft.
Tenure:
Lease Assignment - Our client wishes to assign a renewable lease with a term of 5 years remaining.
Premium:
Our client seeks a premium of £50,000.
Rent:
The rent is currently a £9,360.
Rates
We advise interested parties to make their own enquires with the local authority.
Legal Fees
The incoming tenant is to bear all legal cost including the sellers.
