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781 HIGH ROAD, SEVEN KINGS, Ilford, IG3 8RW – Ilford

Industrial unit for sale

£1,500,000

Bennett Phillips Luton
Full address
781 High Road, Ilford, Greater London IG3 8RW – Ilford
Contact details

020 *** ****

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Property type
Industrial unit for sale
Asking price
£1,500,000
Tenure
Freehold

The property is located immediately at the junction of High Road Seven Kings & Blythswood Road & comprises 3 lock-up shops, an MOT Test Centre & a self-contained 2 bedroom flat. The self contained flat is accessed via an external metal staircase leading from Blythswood Road.
Unit 2 – Raja Meat Shop – let to Kala Singh producing an income of £15,000pax
All tenants have recently entered into 7 year FRI Leases, drawn outside the provisions of the Landlord & Tenant Act & subject to Rent Reviews and Tenant only Break Clauses at the end of the 3rd year.
The current net income is therefore £53,000 pax plus VAT, increasing to £113,000 pax in the event the property is fully income producing on completion.
Freehold, subject to the benefit of the existing tenancies as set out above. The sale is to take place as a Transfer of a Going Concern (TOGC).

This industrial unit for sale is located in Ilford.

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