TypeRetail Investments
IG1 177 Ley Street, Ilford
TenureFor sale
Specification
- Property type
- Property type Retail Investments
- Tenure
- Tenure For sale
Description
A mid terrace 2 storey building comprising of a ground floor shop below a 2x bedroom flat above. Schedule of floor areas and Tenancy details as follows:Ground floor shop 428 sq.ft. (39.8 sq.m.)Let for a term of 7 years from 12 May 2021 to Anabia Transports Ltd trading as a barber shop at a rental of £12,000 pax rising to £14,400 pax on the 4th anniversary.To the rear is a garden leading on to an outbuilding which we understand is demised.The lease is contracted outside of the 1954 L & T Act.First floor flat2x bedroom flat is occupied under periodic tenancy following a 12 month Assured Shorthold Tenancy (AST) from 1 June 2017 at a current rental of £1,000 pcm.
Location
The subject property is located on the north side of Ley Street between its junctions with Christchurch Road and Adelaide Road and overlooking the Griggs Approach viaduct.Ley Street connects A12 Eastern Avenue to Ilford town centre.This is a particularly busy location with much vehicular traffic passing by throughout the day.Ilford Mainline overground station and Newbury Park central line underground station represent the nearest public transport stations whilst bus route 169 (Clayhall/The Glade to Barking station) passes immediately outside the building.* Information provided via TfL website.
