Property description
SHISHA/COFFEE LOUNGE WITH 6 LETTABLE ROOMS PRODUCING YEARLY INCOME IN BUSY PRIME MAIN ROAD LOCATION
HIGH ROAD, ILFORD, ESSEX, IG3
TOTAL NET INTERNAL AREA 1783 Sq Ft
LOCATION
The property is located in a busy Main Road location, comprising shop premises together with self contained residential upper parts, surrounded by residential community.
A short distance from Seven Kings Station (British Rail), the shop is within a busy retailing pitch with a number of recognised occupiers surrounded by commercial premises with good transport links and with easy access to A12, A13, A406, and M11, which connects to the M25, offering you transport links to Stratford Station in approximately 10 minutes and Liverpool Street Station in approximately 15 minutes, connecting you to Europe and Central London.
DESCRIPTION
The property comprises of basement and ground floor A3 use with room for expansion. The kitchen area is fully equipped, with built in store areas, WC and outside seating area for Shisha lounge.
Upstairs comprises a 6 bedrooms over two floors including bathrooms and communal kitchen which could achieve approximately £31,000 pa rental income.
To the rear, there is access for loading/unloading.
AMENITIES
Basement
Customer seating area
Fully Fitted kitchen with appliances for A3 use
WC
Prominent location
ACCOMMODATION
Floor Area Sq Ft Sq M
Total Floor Area 1783 165
SERVICES
We are advised that all mains, electricity, water and drainage are connected to the site.
TENURE
A full repairing and insuring lease for a term agreed
USER
TBA
RENT
£25,000 per annum exclusive
PREMIUM £110,000 subject to contract for the leasehold interest fixtures
LEGAL COSTS
Each party to pay their own legal costs incurred in this transition
BUSINESS RATES
The current rateable value is £TBC
Interested parties are advised to make their own inquiries with the Local Authority for verification purposes.
VIEWING
Strictly by appointment with sole agents:
Home View
318 Barking Road
East Ham
London
E6 3BA
Tel: 020 8471 1199
Fax: 020 8471 0005
www.homeviewresidential.co.uk
EPC RATING
Please contact us for further information