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211 High Road, Ilford, Essex, IG1

Fixed Price
£1,300,000

£309.60 per sq. ft.

Business rates & charges may apply

Blue Alpine, London
SIZE AVAILABLE
4,199 sq. ft.
(390 sq. m.)
SECTOR
4 bedroom mixed use property for sale
USE CLASS
Use class orders: A1 Shops and Class E
A1, E

Key features

  • VAT is NOT applicable to this property
  • Total area size of 390 sq m (4,199 sq ft)
  • Nearby occupiers include Greggs, Sainsburys, KFC, Argos, Santander and many more
  • Located within 0.3 miles to Ilford train station

Property description

Tenure: Freehold

Investment Consideration:
Gross Initial Yield: 5.39%
Rental Income: £70,040 p.a.
VAT is NOT applicable to this property
Comprises Retail Shop, 2-Bed Flat, 1-Bed Flat and a Studio Flat arranged over Ground, Basement, First and Second floors
Property benefits from rear yard off-street car parking for approx two vehicles
Potential to extend at rear, subject to obtaining the necessary consents
Total area size of 390 sq m (4,199 sq ft)
Located within 0.3 miles to Ilford train station
Nearby occupiers include Greggs, Sainsburys, KFC, Argos, Santander and many more

Property Description:
The property comprises ground floor retail shop with basement storage, 2-bed maisonette, 1-bed flat and a studio flat arranged over first and second floors. The property has a main frontage to the High Road, with separate access to the residential accommodation at the rear via Havelock Street. Externally, the property has a rear yard where there is off-street car parking for approximately two vehicles. Potential to extend at rear, subject to obtaining the necessary consents.

The property provides the following accommodation and dimensions:

Ground Floor/Basement: Shop 246 sq m (2,648 sq ft)
Retail Area, Reception, Storage, Kitchenette, WC
First/Second Floor: Flat 1 64 sq m (689 sq ft)
2 Bedrooms, Open plan kitchen/living room, Bathroom/WC
First Floor: Studio Flat 2 36 sq m (388 sq ft)
Double bed, Kitchenette, Bathroom/WC
Second Floor: Flat 3 44 sq m (474 sq ft)
1 Bedroom, Open plan kitchen/living room, Bathroom/WC

Total area size: 390 sq m (4,199 sq ft)

Tenancy:
The ground floor shop is at present let to Harvey & Thompson Limited for a term of 15 years from 19th October 2012 at a current rent of £35,000 per annum and the lease contains full repairing and insuring covenants. No breaks.
Flat 1 is at present let on AST to an Individuals for a term of 6 Months from 12th April 2021 at a current rent of £14,100 per annum. Deposit held of £1,175 (1 month).
Flat 2 is at present let on AST to an Individuals for a term of 6 Months from 24th April 2021 at a current rent of £9,900 per annum. Deposit held of £825 (1 month).
Flat 3 is at present let on AST to an Individuals for a term of 4 Months from 2nd March 2020 at a current rent of £11,040 per annum. Deposit held of £920 (1 month).

Location:
Ilford is a large town in east London, England, located in the ceremonial county of Greater London and the historic county of Essex. Identified as a metropolitan centre in the London Plan, Ilford is classed as a significant commercial and retail centre for the wider south east of England. The Property is situated on the High Road approximately 150 metres to The Exchange Mall shopping centre and 0.3 miles from Ilford Railway Station, which provides connections to London Liverpool Street, Shenfield and Stratford. Occupiers nearby include Greggs, Sainsburys, KFC, Argos, Santander and many more.

Brochures

211 High Road, Ilford, Essex, IG1

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Ilford Station0.3 miles
  • Seven Kings Station1.0 miles
  • Newbury Park Station1.2 miles

About Blue Alpine, London

83c Ashley Gardens, Thirleby Road, London, SW1P 1HG

Blue Alpine is a leading advisory company that helps clients around the world turn property into a path for growth. We plan and deliver solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. Together, we unlock potential. At Blue Alpine, we believe a comprehensive understanding of a client’s financial goals are key to helping them fulfil their investment expectations. By employing a transparent and consultative approach we can asse

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