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Agent details

This property is listed with:
Ranson UK Ltd
Suite 11 Ensign House, Admirals Way, E14 9XQ
Telephone:
 

Full Details for Property for sale in Redbridge, IG1 :

A3/A5 Shop for Sale with 1 Bedroom First Floor Flat

This is a great opportunity to acquire a highly visible A3/A5 usage Fast Food Restaurant with a one bedroom flat on the first floor with access to a large garden area above the shop on High Road Ilford, currently trading as Chicks Chicken and Pizza franchise with a great drive through pick up service at the back as an added feature. The ground floor benefits are a spacious seating area with spacious counter to serve from, fully fitted large kitchen over mezzanine levels, toilet, large freezer room, office area, back entrance/exit, and a large public car parking area at the back shared with other retailers. The Lease also benefits with a Late Opening License. The property is located few minutes away from Ilford Police Station and the Ilford exchange center with well-known brands such as Lidle and Fitness First are all located within 60 meters of the shop. The Ilford Exchange is merely 3 minutes walking distance.

The site has great Potential for development opportunities as this is a Freehold sale. The neighbour next door has developed 3 units next door with the same amount of space. The site has a Great income as the shop currently generates £18,000 per year with 15 years remaining on the lease also with the first floor 1 bedroom flat (consisting of separate lounge, kitchen space in hallway, spacious bathroom) when rented generates £10,200 per year (including council Tax). The full property generates an estimated total of £28,200 per year.

This property has a asking price of £449,000.

Accommodation

Ground Floor
Width/Frontage: 15” approx.
Depth: 56” approx. including Ground Floor Studio 
Total Ground Floor Area: 840” approx

First Floor One bedroom flat
Width: 12” approx.
Depth: 26” approx.
Total Flat area: 480” approx. plus (320\" approx. out door garden space)

TOTAL AREA = 1320 sq ft (approx)

 


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Stations Nearby

Ilford
0.5 miles
Seven Kings
0.7 miles
Newbury Park
1.1 miles

Schools Nearby

Park School for Girls
0.6 miles
Cranbrook
0.6 miles
Ilford Ursuline Preparatory School
0.5 miles
Gordon Infants School
0.4 miles
Christchurch Primary School
0.3 miles
SS Peter and Paul's Catholic Primary School
0.3 miles
Isaac Newton Academy
0.5 miles
The Palmer Catholic Academy
0.6 miles
The Ursuline Academy Ilford
0.5 miles