Offers in region of
£625,000
(£417.73/sq. ft)
Retail premises for saleClaybury Broadway, Ilford IG5
1,496 sq. ft
About this property
Rare freehold investment
Popular claybury broadway
Ground floor let at £19,800 pax
25-year lease from June 2019
Vacant 3 bed maisonette
Newly refurbished
A rare opportunity to acquire a prominent mixed-use freehold investment situated within the popular Claybury Broadway shopping parade in Clayhall.
The property comprises a substantial ground floor commercial unit let on a 25-year lease from June 2019, subject to 5 yearly rent reviews, at a current passing rent of £19,800 per annum exclusive. The commercial accommodation includes a large retail area and store extending to approximately 139 sq m (1,496 sq ft), together with a self-contained rear storage unit and rear access.
The upper part comprises a self-contained 3-bedroom flat, which has been newly refurbished and is currently vacant. We understand the flat is being marketed at £1,900 pcm, offering an incoming purchaser the opportunity to increase the overall rental income.
Freehold opportunities within this established and well-regarded local parade are relatively uncommon and the property should appeal to investors seeking immediate commercial income together with asset management potential from the upper part.
The property comprises a substantial ground floor commercial unit let on a 25-year lease from June 2019, subject to 5 yearly rent reviews, at a current passing rent of £19,800 per annum exclusive. The commercial accommodation includes a large retail area and store extending to approximately 139 sq m (1,496 sq ft), together with a self-contained rear storage unit and rear access.
The upper part comprises a self-contained 3-bedroom flat, which has been newly refurbished and is currently vacant. We understand the flat is being marketed at £1,900 pcm, offering an incoming purchaser the opportunity to increase the overall rental income.
Freehold opportunities within this established and well-regarded local parade are relatively uncommon and the property should appeal to investors seeking immediate commercial income together with asset management potential from the upper part.
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£3,126 per month
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