Property description

This is an excellent opportunity to acquire a large commercial unit currently running as an Indian restaurant. The unit comprises of a Ground floor spacious restaurant with a large kitchen and two toilets. Upper part comprises of two self contained one bedroom flats. An average rental for a one bedroom flat is approx £1000 per flat and the restaurant can achieve a premium and a £45,000 rental income. Further potential to re- develop with further apartments subject to planning permission.

The commercial unit is located within a busy parade shops close to the Ilford Exchange shopping Centre and Ilford police station. Good transport links and within easy access to A12, A13, A4O6 and M11, which connects to the M25, offering you transport links to Stratford/Liverpool St, via a short walk to Ilford and Seven Kings Station (British Rail).

Accommodation

Ground Floor:

Total accommodation size: 2265 sq ft approx.

Upper part:

2 x 1 bedroom self contained flats.

Lease Term/Commencement

Nil

Business rates

Nil

Asking Price

£950,000 Asking Price

Legal Fees/Cost

Each party are to bear their own legal costs.

Viewings

By prior appointment through Sole selling agents Ranson UK LTD.

Email: enquiries@ranson.co.uk

Tel: 0207 538 4057

Ranson UK Limited their clients and any joint agents give notice that:

1. They have no authority to make or give any representations or warranties in relation to the property. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Ranson UK Limited have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.

Property Features :

• FREEHOLD COMMERCIAL UNIT
• ACCOMMODATION ABOVE
• GOOD TRANSPORT LINKS (ILFORD AND SEVEN KINGS STATION 15 MINUTES TO LIVERPOOL STREET
• FURTHER POTENTIAL TO DEVELOP