Property Information
Address:
Ley Street, Ilford IG1 4BH, 9360 Pa
, IG1 4BH
Price: Property no longer available.
Size: 1571 sq ft145 sqm
Primary Category: Shop
All Categories:
Shop,
Property Ref/Movehut: MH455374
Property Ref/Agent: 8738110
*Please use the agent ref when calling the agent directly.
Property description
To let
Property available on: 20/08/2015
A1 Retail Usage
Extractor Fans already In Place
Lease Assignment until 2020
Renewable Lease
Cheap Rent - 9,360
Large Space - 1,571 sq. ft.
We are proud to present this great Glass Fronted A1 Usage property in the heart of Ilford currently run as an electrical hardware shop and has been successfully run for the past 7 years.Previously run as an A3 Chicken Shop the property still maintains the capacity to be run as an A3 as it has fully operational Extractor fans. The property is situated in a great location surrounded by many transport facilities and residential properties ensuring a wide range of clientele. Located on a busy high road the properties offers constant traffic passing the property as well as a healthy amount of footfall. Located only a short 5 minute walk to Ilford Station and surrounded by many bus routes the property is located only a short 5 minute walk from Ilford town centre such as The Exchange Centre which count as a benefit to the property as it attracts customers.
This spacious A1 property boasting 718.0 sq. ft. and a further 853.78 sq. ft. of space at the rear spanning 5 room spaces which is a total of 1,571.83 across the shop floor and the spacious 4 room at the rear of the property currently generating 14,400 per annum. The property has an annual rental figure of 9,360 which is considerably cheap and can be argued to be one of the cheapest properties in the area. The seller is seeking a premium of 50,000 for this long running successful business. The seller is offering a Renewable Lease which is due to expire in 2020 however can be easily extended.
Accommodation
Shop Front: 11.55 ft.
Shop Floor: 11.55
36.30
Shower at The Rear: 2.58
6.40 sq. ft.
Sub
Total: 718.05 sq. ft. (approx.)
Kitchen: 14.28
4.94
Room 1: 10.30
10.77
Room 2: 10.85
8.52
Room 3: 10.53
11.27
En Suite: 3.1
7.00
Storage Space: 10.70
6.00
Room 4: 14.70
9.76
Corridor: 57.22
2.9
Sub-Total: 853.78 sq. ft. (approx.)
TOTAL: 1,571.83 sq. ft.
Tenure:
Lease Assignment
Our client wishes to assign a renewable lease with a term of 5 years remaining.
Premium:
Our client seeks a premium of 50,000.
Rent:
The rent is currently a 9,360.
Rates
We advise interested parties to make their own enquires with the local authority.
Legal Fees
The incoming tenant is to bear all legal cost including the sellers.
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