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For Sale by Auction on 25th January 2024, Virtual Freehold Retail / Residential Investment, 197-199 Cranbrook Road, Ilford, IG1 4TA

619 Sq Ft / Retail / Investment

Withdrawn - Last updated: 26 January 2024

For Sale by Auction on 25th January 2024

The ground floor only of a part two storey/ part single storey end of terrace building arranged as two retail units and a one bedroom flat at rear ground floor level. The flat is arranged as an open plan living room/kitchen, bedroom, shower room/WC and utiity room and is accessed via a secure gated driveway to the side of the property. The retail unit at No.199 benefits from a return frontage. 

Location

Ilford lies in east London approximately 10 miles north east of central London lying just to the south of the A12 from which it can be accessed via the A406. Ilford railway station lies within a short walking distance of the property and is served by the Elizabeth Line providing direct links to central London destinations. Additionally numerous bus routes serve the area and London City Airport lies approximately 6 miles to the south.

Cranbrook Road forms part of the A123 in the town centre. The property forms part of an established retail parade at the northern edge of the town centre opposite the junction with Coventry Road in a mixed commercial and residential area. 

Accommodation

Unit 197 - Retail - 28.33 sq m (305 sq ft)

Unit 199 - Reatil - 29.17 sq m (314 sq ft)

Unit 199D - Open plan living room/kitchen, bedroom, shower/WX, utility room (not inspected) 

Terms

Guide Price - £350,000 - £375,000

EPC:

197 - Rating 70 Band C

199 - Rating 75 Band C

199D - Rating 69 Band C 

 

Specification

  • Virtual freehold retail and residential investment
  • Includes two shops and a studio flat let on an AST
  • Established retail parade in the town centre
  • Producing £41,100 per annum (refer to legal pack)
  • Offered on the instructions of James Liddiment and Paul Greenhalgh of Kroll Advisory acting as Joint LPA Receivers


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