3, 3A AND 4 HIGHVIEW PARADE, REDBRIDGE LANE EAST, ILFORD

Investments/Development Opportunities,Gants Hill,IG4 5UR,A1 , Sold

Commercial information:

716 sq ft ( 66.5164 sq m)

Price : £350,000.00

Key features

Size: 716Sq ft | Property Type: Investments/Development Opportunities
Tenure: Freehold | Area: Gants Hill | Postcode: IG4 5UR

Location

The property forms part of an established retail parade which serves the adjoining residential catchment area situated immediately at the junction with Woodford Avenue, Longwood Gardens and Beehive Lane. Other occupiers represented both within the parade and opposite include Network Dry Cleaners, David Ross Hairdressers and Inger & Co Accountants. Both Gants Hill and Redbridge (Central Line) Underground Stations are within approximately a ten minute walk of the property.

Contact Details

Bennett Phillips Luton

199a High Road
Loughton
Essex
IG10 4LF


Tel : 020 8501 3000
Phone : 020 8501 3000
Fax : 020 8500 5008

Comprising two lock up shops one of which is to be sold with full vacant possession (approx 712 sq ft) together with a spacious self contained 2 bedroom flat.

Existing Tenancies and Rental Incomes Derived:

Shop – 4 Highview Parade Let to a Patricia Livingstone upon the terms of a F.R.I. Lease for a term of 8 years from 1st July 2011 subject to a mid term upward only Rent Review at a passing rent of £6,500 pax paid monthly in advance. We understand from our Client that a three month rent desposit is held.

3 Highview Parade - to be sold with full vacant possession.

Residential: 3a Highview Parade Currently let upon the terms of a 12 month A.S.T. from November 2011 producing a rent of £9,600 per annum under the terms of a guaranteed rent scheme.

The current rental income is therefore £16,100 pax with a projected fully let E.R.V. of £28,350 pax assuming a rent of £12,250 pax can be achieved on the unit which is to be sold with vacant possession.

Other Details


Accomodation

3, 3(a) & 4 Redbridge Lane East, Ilford, IG4 5ER - Part Income Producing Retail / Residential Investment Opportunity - For Sale.

Amenities

* Inset spot lights * Laminate wood flooring * Electric shutters * Internal security shutters * Temperature control unit *CCTV

Rates

To be confirmed

Legal Costs

Each party are to be responsible for their own legal costs borne in this transaction.

Possession

Immediately upon completion of legal formalities

Viewing

Strictly by prior appointment through agents Bennett Phillips Luton


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