INVESTMENT SALE - CURRENT TENANCIES NOT AFFECTED

Self-Contained two-storey office building

of 1,563sq ft (145.35m sq)

With short term income from various Tenancies at Will

Town Centre Location.

Yards from Ilford Elizabeth Main Line Railway Station.

Opposite an entrance to the Towns Principal Shopping Centre.

5 Car parking spaces.

Rare freehold opportunity.

First time on the market for over 35 years

Expired planning consent for 7 residential units

Other Details

Accomodation

Comprising a semi-detached, 2 storey self-contained office building which is currently laid out to provide a number of private offices in individual suites, allowing the property to be multi-Let, currently to 7 tenants but with scope to increase to 8 tenants with minimal alterations. There are several kitchens & WCs throughout which serve each part of the building. At the front of the property there is off-street parking for 5 cars. EXISTING LAYOUT: GROUND FLOOR Reception / lobby area 46sq ft (4.27m sq) Suite A – Gross Area – 296sq ft (27.52m sq) Suite B – Gross Area – 443sq ft (41.19m sq) Total - 785sq ft (73 m sq) FIRST FLOOR Room 1- 231sq ft (21.48m sq) Room 2 -129sq ft (12m sq) Room 3 - 94sq ft (8.74m sq) Room 4 - 97sq ft (9m sq) Room 5 -124 sq ft (11.53m sq) Kitchen – 15sq ft (1.39m sq) Gross area including landings – 778sq ft (72.35m sq). Overall gross floor area – 1,563sq ft (145.35m sq). The combined income from the 7 Tenancies at Will totals £53,220pa.

Amenities

Town Centre Location. Yards from Ilford Elizabeth Main Line Railway Station. Opposite an entrance to the Towns Principal Shopping Centre. 5 Car parking spaces. Rare freehold opportunity. First time on the market for over 35 years Expired planning consent for 7 residential units

Lease

Offers in excess of £975,000. VAT is not applicable.

Legal Costs

Although Bennett Phillips are solely retained by the Vendor, as part of our agreement with them, we have been instructed to obtain our fee from the purchaser. This is to be based on 2% of the sale price plus VAT at the prevailing rate paid by the purchasers Solicitor immediately upon completion. Written agreement of this will be required from the purchaser once terms have been agreed & prior to Solicitors being instructed. ADMINISTRATIVE FEE: Upon terms being agreed and prior to Solicitor’s being instructed, the prospective tenant or purchaser is to pay an administrative fee of £500 plus VAT to Bennett Phillips Luton. This fee will cover all associated administrative costs including any referencing fees incurred. In the event that the Landlord or Vendor withdraws from the transaction once solicitors are instructed, 50% of the fee will be refunded.

Possession

Immediate upon completion of legal formalities.

Viewing

Strictly by appointment through sole agents Bennett Phillips Luton | 0208 501 3000 Contact Marc Luton at marc@bennettphillips.com