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177 Ley St 428 SF Retail Building Ilford IG1 4BL $571,208 ($1,334.60/SF)
Investment Highlights
- Close to Ilford Town Centre
- Fully let and income producing
- First floor 2x bedroom flat
Executive Summary
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 flat
2x 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.
The lease is contracted outside of the 1954 L & T Act.
First floor flat
2x 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.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
428 SF
Building Class
B
Year Built
1900
Price
$571,208
Price Per SF
$1,334.60
Tenancy
Single
Building Height
2 Stories
Building FAR
0.27
Lot Size
0.04 AC
Frontage
16’ on Ley Street
Amenities
- Bus Line
- Signage
- Storage Space
- Smoke Detector
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Nearby Major Retailers
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177 Ley St
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