Property description
Large commercial unit with 3 bedroom flat above!-TO LET / LEASE ASSIGNMENT
Key Features
High footfall
Parking opposite
Walk in fridge
Unloading/Loading area
Stock included
3 bedroom flat above
Description
Well established business trading since 1998. The unit is positioned on popular Ilford Lane which is notorious with high footfall. The unit is right opposite Shell pump and comprises of loading/unloading area, walk in fridge, stock, 3 bedroom flat above the shop and pay point machine. Moreover, the flat above the shop presents unique opportunity to generate additional rental income.
Ilford Lane is one of the most impressive independent shopping areas with fabulous and welcoming Asian shops and boutiques selling items from all over the globe at competitive prices. It reflects the truly vibrant multi-cultural character of Redbridge and with good transport links from Stratford, Gants Hill, Barking, East Ham and even Dagenham getting to Ilford Lane is easy and convenient.
Accommodation
Ground floor shop:
Width/Frontage: 17” approx
Depth: 93“approx
Ground Floor size: 1,580sqft approx
Storage room:
Width/Frontage: 12” approx
Depth: 17“approx
Storage room size: 205sqft approx
Total accommodation size: 1,785sqft approx
Tenure
Leasehold/Lease Assignment – £25,200 per annum.
Our client wishes to assign the lease which has 14 years remaining.
Our client advised us that the shop weekly income is approximately £9,000.
Premium – our client is seeking a premium of £125,000.
Rates
Interested parties are encouraged to make their own enquiries with London Borough of Redbridge.
Viewings
By Prior Appointment through agents Ranson UK LTD.
Tel: 0207 538 4057
Email: enquiries@ranson.co.uk
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Property Features :
- High footfall
- Parking opposite
- Walk in fridge
- Unloading/Loading area
- Stock included
Property Info: