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.

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).

30th June Completion Available at Buyer's Request

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.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.