Investments/Development Opportunities,Gants Hill,IG4 5UR,A1 , Sold
716 sq ft ( 66.5164 sq m)
Size: 716Sq ft | Property Type: Investments/Development Opportunities Tenure: Freehold | Area: Gants Hill | Postcode: IG4 5UR
Bennett Phillips Luton
199a High Road
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.
3, 3(a) & 4 Redbridge Lane East, Ilford, IG4 5ER - Part Income Producing Retail / Residential Investment Opportunity - For Sale.
* Inset spot lights * Laminate wood flooring * Electric shutters * Internal security shutters * Temperature control unit *CCTV
To be confirmed
Each party are to be responsible for their own legal costs borne in this transaction.
Immediately upon completion of legal formalities
Strictly by prior appointment through agents Bennett Phillips Luton