631, 631A & B High Road, Ilford, Essex, IG3 8RG
Property Description
The property comprises a retail unit on the ground floor, with access from the rear, to two flats over first and second floors. The property is situated directly opposite Seven Kings Mainline Station, offering swift access to London Liverpool Street in approximately 21 minutes via the Elizabeth Line.
Leasehold for a term of 999 years from completion
(Measurements based on EPC)
Whilst Strettons have not internally inspected the property, we understand it to comprises:
Ground Floor 631: Jakes Burger/Takeaway - sales area, kitchen and toilet
First Floor 631A:One bedroom, living room/kitchen, shower/toilet 538 Sqft (50 SqM)
Second Floor 631B:Two bedrooms, living room, kitchen, shower/toilet 592 Sqft (55 SqM)
Retail Unit 631 - Let to individual on lease t/a Jakes Burger Takeaway, producing £21,900 pa expiring 28.09.2032 (Mutual Break in 2027)
Flat 631A - Let to individual on an AST producing £16,800 pa expiring 21.10.2025
Flat 631B - Let to individual on an AST producing £15,600 pa expiring 31.07.2026
PRODUCING £54,300 PER ANNUM
1. AST stands for Assured Shorthold Tenancy
Auction Surveyor : Rob Hills Tel : 020 7614 9933
Flat 631A – has a new Assured Shorthold Tenancy (AST) that is expiring 21.10.26 and is producing £16,800pa
Retail Unit 631 is now producing £25,200pa and expires 29.09.32.
The new total rental is - £57,600 per annum
Completion will be 30 business days and not as shown in the Specials.
* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #16] Note that in addition to the purchase price there is a buyer’s administration fee [section #11] and there may be additional non-optional fixed or variable fees and costs [section #12]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.
