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8 Chapel Rd, Ilford

Retail storefront for sale in Ilford

£900,000 / 417 sq ft

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Highlights

Full address
8 Chapel Rd, Ilford IG1 2AG – Ilford
Asking price
£900,000
Links
Additional property information – blue alpine
Blue alpine team bios
Pdf #1 marketing brochure/flyer

Sale details

There is 1 space available, measuring 417 sq ft.

Sale unit Available

Unit
Sale unit
Size
417 sq ft
Price
£900,000
Price per sq ft
£2,158.27
  • Investment Consideration: VAT is NOT applicable to this property Comprises Ground Floor Retail Shop (Front) , Restaurant with Basement (Rear) and 5-Bedroom Flat at First and Second Floor.
  • The property benefits from use of a rear service road/car park.
  • Located within short walk to Ilford train station Nearby occupiers include Barclays, NatWest, Iceland, Boots, and Starbucks, amongst many more.
  • Property Description: The property comprises ground floor retail shop at front, restaurant with basement storage at rear and a self-contained 5-bed flat on the first and second floor.
  • In addition, the property benefits from use of a rear service road/car park.
  • The property provides the following accommodation and dimensions: Ground Floor: Retail Shop 15 sq m (160 sq ft) Ground Floor: Restaurant 84 sq m (907 sq ft) Basement: Restaurant Storage 37 sq m (400 sq ft) First/Second Floor: Residential Flat 95 sq m (1,026 sq ft) 5 Bedrooms, Kitchen, Living Room, Shower Room and Bathroom/WC Total area size: 231 sq m (2,493 sq ft).
  • Tenancy: The ground floor shop (front) is at present let to an Individual for a term of 5 Years from 1st August 2019 at a current rent of £18,000 per annum and the lease contains full repairing and insuring covenants.
  • Tenant option to determine at any time with minimum 1 month notice.
  • Deposit held of £4,500. The ground floor restaurant (rear) is at present let to an Individual for a term of 3 Years from 1st February 2020 at a current rent of £25,200 per annum and the lease contains full repairing and insuring covenants.
  • No breaks.
  • The first/second floor flat is at present let on a Guaranteed Rent Agreement to Property Masterz Uk Ltd for a term of 5 Years from 1st May 2019 at a current rent of £15,000 per annum.
  • Location: Ilford is a large town in east London, England, located in the ceremonial county of Greater London and the historic county of Essex.
  • Identified as a metropolitan centre in the London Plan, Ilford is classed as a significant commercial and retail centre for the wider south east of England.
  • The Property is located approximately 100 metres to The Exchange Mall shopping centre and within short walk to Ilford train station , which provides connections to London Liverpool Street, Shenfield and Stratford.
  • Occupiers nearby include Barclays, NatWest, Iceland, Boots, and Starbucks, amongst many more.
Sale type Investment
Tenure Freehold
More building details Less building details
Building subtype
Retail storefront
Number of storeys
3
Total building area
417 sq ft
Rentable building area
2,493 sq ft
Year built
1925
Parking
Surface, Covered

Map & nearby

8 Chapel Rd, Ilford

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Meet the team

Blue Alpine Partners Ltd

  • A profile photo of Joseph Bachman Joseph Bachman
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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Blue Alpine Partners Ltd. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Blue Alpine Partners Ltd for full details and further information. 8731426