40-40A High St 1,944 SF 100% Leased Retail Building Ilford $1,114,463 ($573.28/SF)

Positioned in the heart of Barkingside town centre, this freehold mixed-use property offers a compelling investment opportunity with secure income and future value-add potential. The ground floor retail unit is let on a 15-year Full Repairing and Insuring lease from July 2023, generating £30,000 per annum with scheduled rent reviews and tenant break options, ensuring long-term stability. The shop benefits from a deep retail layout, full-width glazed frontage, and excellent signage visibility, making it highly attractive to both national and independent occupiers.
Above the retail unit lies a spacious three-bedroom maisonette, currently vacant, featuring a large kitchen-diner, living room, and bathroom. With a guide rental value of £2,000 per calendar month, the residential component offers immediate income potential or can be sold separately for £365,000. Importantly, the upper floors present scope for conversion into two self-contained flats, subject to planning, unlocking further capital and rental uplift.
Located adjacent to well-known brands including Paddy Power, Domino’s Pizza, Barnardo’s, and opposite Specsavers, the property enjoys strong footfall and excellent transport links via Barkingside Underground (Central Line) and multiple bus routes. The area is supported by a dense residential catchment and vibrant retail mix, making this asset ideal for investors seeking a blend of secure income and development upside.