Lot 2 details
6 Week completion
Located close to the busy junction with High Road and the North Circular Road (A406) within an area that is reaping the benefits of regeneration projects that encompass modern residential and commercial premises. This parade has a variety of local traders and nearby multiple retailers includes NatWest, Greggs, Barclays Bank, William Hill and a Large Sainsbury's Supermarket.
Ilford is a popular suburb that lies approx. 9½ miles east of central London with good transport links via Ilford Mainline Station which has a travel time of only 18 minutes to Liverpool Street and only 17 minutes to Canary Wharf when the Crossrail Station is complete in 2019.
A mid-terrace building comprising a Ground Floor Restaurant with separate rear access to a Self-Contained Flat on the first and second floors. In addition, the property benefits from use of a rear service road/car park.
Ground Floor Restaurant (44 covers)
Gross Frontage 18'11"
Internal Width 17'2"
Restaurant Depth 53'5"
Built Depth 82'10"
Area Approx 1,105 sq ft
Basement (max height 5'8")
Area Approx 495 sq ft
First & Second Floor Flat
4 Bedrooms, Living Room, Kitchen, Bathroom, WC
VAT is NOT applicable to this Lot
The entire property is let on a full repairing and insuring lease to S. B. Chowdhury (see Note) for a term of 25 years from 27th July 2007 at a current rent of £16,500 per annum exclusive.
Rent Reviews July 2012 (Outstanding - Landlord quoted £24,450 p.a.) and July 2017 (Outstanding - Landlord quoted £36,800 p.a.)
Note: The entire property has been sublet to an individual who has under-let the Restaurant and Flat separately.