Post Office for sale

High Street, Ilford, Essex, IG6

Sold STC 1,512 sq. ft. | £700,000

Property Description

Commercial information

  • 1,512 sq ft (140 sq m)

Full description

The property is located at the northern end of the High Street close to the junction with Virginia Gardens and within a couple of hundred metres of Fullwell Cross Roundabout. This is an important local shopping district benefitting from a number of multiple operators such as Co-op Pharmacy, Jennings Bookmakers, Natwest Bank, Holland & Barrett, Superdrug, Boots, KFC and Costa Coffee to name but a few. Both Barkingside as well as Fairlop underground stations (Central Line) are within reasonable walking distance.

Comprising a double retail unit formerly occupied for many years by the Post Office. To the rear of the building is a secure gated car park capable of accommodating 5/6 vehicles which is accessed via a service road to the rear of the building.

The unit will require modernisation prior to occupation. Internal width - 35`6" (10.82m), Shop depth - 38`8" (11.79m).

Upper floors comprise of 2x split level 3 bedroom maisonettes which we understand are sold on 125 year leases and producing nominal ground rents in the order of 150 per annum.

Freehold offers sought in the region of 700,000 with vacant possession. Flats sold off on long leases. Alternatively, the premises are available by way of a new Full Repairing & Insuring lease directly from the Freeholder subject to covenant.

Quoting rental in the region of 53,400 per annum exclusive subject to periodic rent reviews where necessary.

We understand the premises are not elected for VAT.

All rents, prices and premiums are exclusive of VAT under The Finance Act 1989. Accordingly, interested parties are advised to consult their professional advisers as to their liabilities, if any, in this regard.

We are verbally advised that the business rates payable for the current year are 19,350. Interested parties are advised to make their own enquiries to LBRedbridge 020 8478 3020 in this regard.

User: A1 (retail)/A2 (Financial & Professional services) uses are permitted:

Energy Performance Asset Rating D. EPC available upon request.

Nearest stations

  • Fairlop (0.4 mi)
  • Hainault (0.6 mi)
  • Barkingside (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Stein McBride Property Co. Limited, London & Essex

117 George Lane London E18 1AN

020 8012 1583 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Fairlop (0.4 mi)
  • Hainault (0.6 mi)
  • Barkingside (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Stein McBride Property Co. Limited, London & Essex

117 George Lane London E18 1AN

020 8012 1583 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 128-130IG62DY. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Stein McBride Property Co. Limited, London & Essex. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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