http://www.bennettphillips.com/

Bennett Phillips Luton, 199a High Road Loughton, London (2026)

06/11/2023

Ready to Take Away!!!!!

Lock-up shop with historic (A5) take-away use

To Let

12 Westerham Avenue
Edmonton
N9 9BU

• *(A5) use
• Within a densely populated residential catchment area
• Electric Shutters
• Aluminium shopfront
• Unrestricted customer parking

Location.
The property forms part of a secondary parade serving a densely populated residential catchment area situated just off the (A10), within approx. quarter of a mile from the Great Cambridge Roundabout (A406). The parade is bounded by Windmill Road & Bromley Road within which occupiers include a Butcher, Jewellers, Grocer, Café, Estate Agent, Barber, Mortgage Advisor & Newsagent.

Accommodation.
Comprising a lock-up shop, currently laid out to provide a sales area with ancillary storage / additional sales, separated by a demountable partition, which can be opened to increase the sales area if required. In addition, there is a kitchen / prep area at the rear of the shop, WC, small store & rear access over a shared yard which leads onto a gated service road which can be used for deliveries.

Approx floor areas & dimensions are as follows:
Gross frontage 19’ 0’’ (5.79m)
Shop depth 29’0’’ (8.83m)
Shop width 18’ 9’’ (5.71m)
Existing sales area 306sq ft (28.42m sq)
Additional sales / ancillary storage 238sq ft (22.11m sq)
Total 544sq ft (50.53m sq)
Kitchen 138sq ft (12.82m sq)
Rear gated access for deliveries.

*Planning.
We understand from our client the property has traded as a take-away (A5) use since 1995. These pre-dates the amendment to the Town & Country Planning Act (Sept 2020), following which, take-away premises are now categorised as Sui Generis use. Whilst we believe the property has inherited the continuous right to be used as a take-away, tenants are encouraged to make their own enquiries to satisfy themselves this is the case.

Lease.
A new FRI Lease is to be granted for a term of 10 to 15 years subject to 3 yearly RPI linked rent reviews. The Lease is to be drawn inside the Landlord & Tenant Act.

Rent.
£15,500pax paid quarterly in advance. We understand VAT is not applicable.

Business Rates.
According to the VOA website, the RV is £12,000 meaning qualifying tenants will not be liable to pay Business Rates. Tenants are however encouraged to make their own enquiries to the Local Authority to verify this.

Possession.
Immediate upon completion of legalities.

Legal Fees: Ingoing party to be responsible for both sets of legal fees.

Administrative Fee.
Upon terms being agreed and prior to Solicitor’s being instructed, the prospective tenant or purchaser is to pay an administrative fee of £500 plus VAT to Bennett Phillips Luton. This fee will cover all associated administrative costs including any referencing fees incurred. In the event that the Landlord or Vendor withdraws from the transaction once solicitors are instructed, 50% of the fee will be refunded.

Viewing.
Strictly by appointment through sole agents Bennett Phillips Luton | 0208 501 3000 Contact Marc Luton at [email protected]

14/06/2023

Single Storey Warehouse/Storage Unit with ample loading facilities!!!!

Approx 13,209sq ft (1,228.43m sq)
Secure yard / loading
2,318sq ft (215.57m2)
Available on an annual Lease
1 Raven Road South Woodford London E18 1HB

ONLY £8 psf exc Plus VAT
Mainly open plan
4 full height roller shutters within a secure yard
Covered loading bay
Motion sensitive lighting
Min 11’ 0’’ / max 13’ 0’’ floor to ceiling height

Location
The unit is located within the Raven Road Industrial Estate, which is situated on Chigwell Road, at the junction with ‘’Charlie Browns’’ Roundabout. The Estate benefits from being very well placed for both the local & national road network (A406, A12 & A13) & (M11) -connection at Charlie Browns & Junction 6 of the (M25) - within 7 miles. South Woodford (Central Line) Station is within a 10-minute walk.

Accommodation
Comprising a single storey warehouse presented in mainly clear space, with up to four full height roller shutters under a covered loading bay. The previous tenant sealed off two shutters internally, but these can be re-opened. The space also provides WC, kitchen & office accommodation & a small storeroom. Externally there is a good size secure yard, which can be used for parking & loading / unloading. The property has the following approximate floor areas:

Main warehouse 12,474sq ft ( 1,160m2)
Offices 432sq ft ( 40.17m2)
Kitchen 184sq ft ( 11.71m2)
Storeroom 119sq ft ( 11.06m2)
TOTAL 13,209sq ft (1,227m2)
Secure yard / loading 2,318sq ft (215.57m2)

Rent
ONLY £8psf exc plus VAT. £105,672 plus VAT per annum to be paid quarterly in advance.

Lease
Available on a 1 year Lease from the date of completion, or a maximum period expiring 30th November 2024. It should be noted the term will not be renewable.

EPC
Information to follow

Business Rates
Rateable Value - 2023-2024 - £71,500
Rates Payable - 2023-2024 - £36,608 per annum
Perspective tenants are advised to make their own enquiries to London Borough of Redbridge, to verify the above amounts

Legal Costs.
Each party to be responsible for their own costs.

Possession.
Immediate upon completion of legalities.

Viewing.
Strictly by appointment through Bennett Phillips Luton | 020 8501 3000 Contact | Marc Luton at [email protected]

Administrative Fee
Upon terms being agreed and prior to Solicitor’s being instructed, the prospective tenant or purchaser is to pay and administrative fee of £500 plus VAT to Bennett Phillips Luton. This fee will cover all associated administrative costs including any referencing fees incurred. In the event that the Landlord or Vendor withdraws from the transaction once solicitors are instructed, 50% of the fee will be refunded.

14/06/2023

127 High Road, Loughton!
Rare Commercial Investment

HIGH ROAD LOUGHTON
DETACHED 3 STOREY MIXED USE COMMERCIAL BUILDING
Approx 2,765sq ft (257.14m sq)
Short term income from 1st & 2nd Floor Offices
Ground Floor Let on FRI Terms
127 High Road,
Loughton
Essex IG10 4LT

• Of interest to Owner Occupiers/Investors
• Town Centre Location.
• Within a short walk of Loughton (Central Line) Station.
• Close to all Town Centre amenities.
• Forecourt parking for 3 cars.
• Retail tenant with exemplary payment history.
• Potential for future redevelopment.

LOCATION:
The property is located on High Road, Loughton, very close to the junction of Old Station Road & within a few minutes walk of Loughton (Central Line) underground station. All Town Centre amenities are within a matter of minutes by foot & include numerous national occupiers, along with many long-established independent occupiers, both of which draw on a customer base from Loughton as well as the equally affluent adjoining areas of Buckhurst Hill & Chigwell. Loughton is well served by numerous bus routes, with services into Ilford, Chingford & Walthamstow. Connections to the local & national road network are excellent with junction 5 of the (M11) within a 5-minute drive, & junction 6 (M25) London Orbital some 5 minutes distant to the North. Travelling in a Southerly direction towards London, there are connections to the (A406/A12 & A13).

ACCOMMODATION:
Comprising a detached self-contained 3-storey building. The property comprises a retail unit on the ground floor Let on FRI terms, with numerous offices occupiers over the two upper floors in individual suites, allowing the property to be multi-Let, currently to 9 tenants but with scope to increase to 11 if all rooms were singularly Let. The office occupiers share kitchen & WCs facilities. At the front of the property there is off-street parking for 3 cars, which is demised to the shop.

EXISTING TENANCIES & RENTAL INCOMES:

GROUND FLOOR.
Let on a FRI Lease for a term of 10 years from 21st July 2018 & subject to an upward only rent review on 21st July 2023. The unit is occupied by Dara Creation t/a Inline Designs with Personal Guarantees from the 2 Directors at a passing rent of £40,000pax. The gross internal area of the shop is c. 1,403sq ft (130.47 m sq). The tenant initially entered into a 10 term in 2008 & has subsequently taken a new lease. They have an exemplary payment history, including throughout the COVID Pandemic. Details available upon request.

1st Floor.
Laid out to provide 8 rooms, 3 of which are currently occupied by a single tenant, producing an income of £13,920 per annum inc. The remaining 5 rooms are similarly occupied on short term tenancies to other tenants producing a combined income of £34,800 per annum inc. The 1st floor lettable area extends to c. 989sq ft (91.97m sq).

2nd Floor.
Laid out to provide 3 rooms, let on short term agreements producing a combined income of £17,300.04 per annum. The 2nd floor lettable area extends to c. 391sq ft (36.33m sq).

EXISTING FULLY LET INCOME:
The combined gross income is £106,020.04 per annum.
The Net income taking into account the cost of services provided to the tenants on the upper floors as part of their inclusive tenancies is approximately £96,722.11 per annum. The rent received from the shop is not subject to any deductions. Tenancy Schedule and details of current outgoings are available upon request.

PRICE:
£1.45M (One Million Four Hundred & Fifty Thousand Pounds). VAT is applicable to the purchase price. The sale can be treated as a TOGC (Transfer of a Going Concern).

POSSESSION:
Immediate upon completion of legal formalities, subject to Occupational Tenancies as outlined above.
Potential owner occupiers would be able to obtain vacant possession of the upper parts.

AGENCY FEE:
Although Bennett Phillips are solely retained by the Vendor, as part of our agreement with them, we have been instructed to obtain our fee from the purchaser. This is to be based on 2% of the sale price plus VAT at the prevailing rate paid by the purchasers Solicitor immediately upon Exchange of Contracts. Written agreement of this will be required from the purchaser once terms have been agreed & prior to Solicitors being instructed.

SALES PACK:
A comprehensive legal pack has been prepared by the Vendor which will be released to the purchaser's Solicitor upon terms being agreed. It is envisaged that following receipt of the sales pack a purchaser would be in a position to exchange contracts within 28 days with completion to follow no longer than 28 days thereafter.

RESERVATION DEPOSIT:
Upon agreeing Heads of Terms, the purchaser will pay Bennett Phillips Luton £5,000 as a non-refundable reservation deposit which will be held by the agents and used as a contribution to the completion statement. After having agreed Heads of Terms, if the Purchaser withdraws for any other reason apart from the Vendor not being able to prove good title, satisfactory reply to enquiries and also satisfactory replies to search reports or significantly altering the terms of sale, the money will be used towards the Vendor’s abortive costs.

EPC:
1st/2nd Floor: C69
Ground Floor: C67
Certificates and reports available on request

VIEWING:
Strictly by appointment through sole agents Bennett Phillips Luton | 0208 501 3000.
Contact:
Simon Phillips at [email protected]
Marc Luton at [email protected]

01/06/2023

Snack Bar Unit
450sq.ft (approx.)
TO LET

THE GATE HOUSE
BOURNE COURT
SOUTHEND ROAD
WOODFORD GREEN
ESSEX IG8 8HD

Servicing Adjoining Office / Industrial Estates
Fitted Unit with existing Equipment Remaining
Roller Shutters
W/C Facilities
External Seating Area
24/7 Access
Electric Heating

OCATION:
Bourne Court fronts Southend Road (A1400), within 200 yards of Charlie Browns Roundabout & therefore provides excellent road links, Nationally via Junction 4 (M11) - Junction 6 M25 within 7 miles & locally via the (A406/A12/A13). South Woodford (Central Line) Station is within a 12 minute walk.

ACCOMMODATION:
Located at the shared entrance to Bourne Court office development and Orbital Centre industrial estate. Comprising a single storey catering facility of approx 450sq.ft (42m2), with roller shutter sales hatch and including a variety of equipment in situ. The property also benefits from a W/C and external seating area.

LEASE:
New Lease to be made available for a term to be agreed. The Lease will be granted outside the provisions of the Landlord & Tenant Act.

RENT:
£11,000 plus VAT per annum exclusive of *Business Rates, Service Charges. Rent paid quarterly in advance.

BUSINESS RATES:
To be Reassessed

POSSESSION:
Upon completion of legal formalities.

LEGAL COSTS:
Tenant to pay a non refundable contribution of £500 plus VAT towards the landlords legal expenses.

ADMINISTRATIVE FEE:
Upon terms being agreed and prior to Solicitor's being instructed, the prospective tenant or purchaser is to pay an administrative fee of £500 plus VAT to Bennett Phillips Luton. This fee will cover all associated administrative costs including any referencing fees incurred. In the event that the Landlord or Vendor withdraws from the transaction once solicitors are instructed, 50% of the fee will be refunded.

VIEWING:
Strictly by appointment through sole agents Bennett Phillips Luton | 0208 501 3000 Contact Simon Phillips email: [email protected]

17/05/2023

43b Collier Row Road, Romford, RM5 3NR.

Former Gents Barber

To Let

Amenities.
Partly fitted former Barber shop
Tiled floor
Electric shutters front & rear
Parking at rear for 2 cars

Location.
The unit benefits from having substantial frontage onto Collier Row Road, which is an established local neighbourhood shopping centre situated a short distance to the South of Romford Town Centre. Occupiers represented within the centre include, Greggs, Tesco Metro, Domino’s, Card Factory, KFC, as well as a number of established local occupiers.

Accommodation.
Comprising a lock-up shop which previously traded as a Barbers, laid out to provide a sales area with ancillary storage & a WC. To the rear there is access for deliveries & parking for 2 cars. Approximate floor areas & dimensions are as follows:
Gross frontage 9’ 6’’ (2.89m sq)
Shop width 8’ 6’’ (2.59m sq)
Shop depth 17’ 3’’ (5.25m sq)
Sales area 176sq ft (16.36m sq)
Storage 56sq ft (5.2m sq)
Rear yard with parking for 2 cars.

Lease.
A new FRI Lease is to be made available for a term to be agreed subject to periodic upward only rent reviews, granted inside the provisions of the Landlord & Tenant Act.

Rent.
£9,500pax paid quarterly in advance. We understand VAT is not applicable.

BUSINESS RATES:
According to the Valuation Office Agency website www.voa.gov.uk website, the Rateable Value is £7,800. We believe therefore that the property will be exempt from business rates in the event the tenant does not occupy any other business premises however, interested parties are advised to make their own enquiries to the Local Authority to verify whether they are entitled to full or part relief.

ADMINISTRATIVE FEE:
Upon terms being agreed and prior to Solicitor’s being instructed, the prospective tenant or purchaser is to pay an administrative fee of £500 plus VAT to Bennett Phillips Luton. This fee will cover all associated administrative costs including any referencing fees incurred. In the event that the Landlord or Vendor withdraws from the transaction once solicitors are instructed, 50% of the fee will be refunded.
Legal Cost.
The ingoing tenant is to be responsible for the Landlords reasonable legal costs.

Possession.
Immediate upon completion of legalities.

Viewing.
By prior appointment though sole agents

29/03/2023

Lock-up Shop
To Let
69 Chase Side Southgate N14 5BU

• Amongst numerous National occupiers
• Suspended Ceiling with concealed lighting
• Integrated air-conditioning / temperature cooling system
• 5-minute walk from Southgate (Piccadilly Line) Underground
station
• Good pedestrian footfall

Location.
The property forms part of a 3-storey terrace of buildings along Chase Side, which serves the densely populated middle class & affluent residential catchment areas of Southgate, Cockfosters, South Barnet & Oakwood. The parade hosts many nationally represented occupiers including, W H Smith, Holland & Barrett, Boots, Halifax Bank, Costa Coffee, Greggs & Cancer Research. Other occupiers close by include Wetherspoons, The New Crown, McDonalds, KFC & Fantozzi. Junction 24 of the (M25) is within a 10-minute drive & access to the (A10) is within approximately a 5-minute drive.

Accommodation.
Comprising shop front premises (Class E use), laid out to provide a former Bank premises which, once existing partitions have been removed, will provide a sales area with additional ancillary sales, storage, office, kitchen / staffroom & WC facilities. To the rear there is loading & parking for 1 car.
Approximate floor areas & dimensions are as follows:

Gross Frontage: 18’ 0’’ (5.48m)
Shop width: 16’ 9’’ (5.1m)
Shop depth: 39’ 0’’ (11.88m)
Sales area: 653sq ft (60.72m sq)
Ancillary sales, storage, office: 112sq ft (10.41m sq)
Kitchen / staffroom: 220sq ft (20.46m sq)
Parking for 1 car

Lease.
A new FRI Lease is to be made available for a term to be agreed subject to periodic upward only rent reviews. The Lease is to be drawn inside the provisions of the Landlord & Tenant Act.

Rent.
£30,000pax paid quarterly in advance. VAT is not applicable.

Business Rates.
2023/2024 Rateable Value: £23,500
2023/2024 Rates Payable: £11,726.50

Retail & Leisure premises - From 01/04/23 until 31/03/24 at the earliest, a tenant’s rates liability will be based on paying 25% of the annual rates payable (RP). Whilst this information is provided in good faith, prospective tenants are advised to make their own enquiries to establish whether they qualify for full or partial rate relief.

Legal Costs.
The ingoing tenant is to be responsible for the Landlords reasonable legal costs.

Possession.
Immediate upon completion of legal formalities.

Viewing.
Strictly by appointment through sole agents Bennett Phillips Luton | 0208 501 3000 Contact Marc Luton at [email protected]

29/03/2023

PARK YOUR BUSINESS IN THIS MANOR!
SHOP FRONT PREMISES
LEASE TO ASSIGN / ** NEW LEASE AVAILABLE

612 ROMFORD ROAD, LONDON, E12 5AF

Location:
The property occupies a prominent frontage onto Romford Road (A118) within a matter of yards of the junction with High Street North & Station Road. Occupiers located close by include, Bet Fred, Army & Navy Stores, Manor Park Pharmacy, a sub–Post Office & Manor Park Community Neighbourhood Centre. Manor Park Main Line station is within a 5-minute walk of the property. Ilford Town Centre & access to the (A406) & onwards to (A12/A13) & (M11) is within a mile of the property.

Accommodation:
Comprising a mid-terrace property, laid out to provide a mix of open plan areas currently used for retail purposes & smaller areas used for storage & office use. Kitchen & WC facilities are provided, along with a small self-contained yard which is accessed from the rear of the shop. At the front of the property there is a forecourt suitable for display purposes. Approximate floor areas are as follows: -

Gross Frontage: 15 ft 0 ins (4.57m)
Sales area: 420 sq ft (39.06 m sq)
Ancillary storage /
Additional sales: 377sq ft (35.06m sq)
Office: 56sq ft (5.3m sq)
Kitchen / Staff: 75sq ft (6.97m sq)
Forecourt: 150 sq ft (13.95 m sq)
Self-contained yard: Not measured.

Amenities:
• Electric shutters.
• Modern aluminium shop front.
• Close to Manor Park Main Line Station.

Lease:
We are instructed to Assign the remainder of our clients FRI Lease which expires on 17th July 2025 without any further rent reviews. The Lease was granted outside the provisions of the Landlord & Tenant Act.
** We understand that subject to covenant, the Landlord may grant a new FRI Lease subject to agreeing terms.

Passing Rent:
£15,000pax payable quarterly in advance.
In the event a new Lease is granted, the rent will be £17,000pax.

Rates:
According to the Valuation Office Agency website www.voa.gov.uk website, the Rateable Value for 2023/2024 is £12,500. We understand from our client that taking into account transitional relief and small business discounts the payable amount for the current year is £600, however, interested parties are advised to make their own enquiries to the Local Authority to verify this amount.

Legal Costs:
The ingoing tenant is to be responsible for our client / the Landlords legal costs in connection with an Assignment or a new Lease being entered into.

Possession:
Immediate upon completion of legal formalities.

Viewing:
Strictly by appointment through sole agents Bennett Phillips Luton | 0208 501 3000 Contact Marc Luton at
[email protected]

08/03/2023

"Hoe Hoe Hoe" Hoe Street!
Lock-up Shop with Basement Storage
To Let
316 Hoe Street, Walthamstow, E17 9PX

Substantial frontage
Aluminium shop front
Roller shutters
Within a short walk of Walthamstow Central Main Line & Victoria Line underground station

Location.
The property occupies a prominent frontage onto Hoe Street, opposite Second Avenue & within 50 yards of the junction with Albert Road. Walthamstow Central Main Line & Victoria Line underground station is within a short walk as are all Town Centre amenities including the retail offering & Street Market which operates 5 days a week. Occupiers situated close to the property include numerous eateries, grocery shops, hair & beauticians & service type operators.

Accommodation.
Comprising a lock-up shop laid out in clear space having a wide frontage, ancillary rear storage, kitchen, WC facilities & basement storage. There is rear access for emergency purposes only. Approx floor areas & dimensions are as follows:

Gross frontage 28’ 9’’ (8.76m)
Shop Width 17’ 0’’ (5.18m)
Shop depth 30’ 9’’ (9.37m)
Sales area – 522sq ft (48.54m sq)
Kitchen / rear storage – 110sq ft (10.23m sq)
Basement - 565sq ft (52.5m sq)

Lease.
A new Full Repairing and Insuring Lease is to be made available for a term to be agreed, subject to periodic upward only rent reviews.

Rent.
£18,000pax paid quarterly in advance. VAT is not applicable.

Rates.
Rateable Value April 2023/2024 - £16,500.00
Rates Payable 2023/2024 - £8,233.50 per annum

Legal Costs.
Both parties reasonable costs are to be borne by the ingoing tenant.

Possession.
The current tenant is due to vacate on the 24th May 2023, however vacant possession maybe available sooner.

Viewing.
Strictly by appointment through Bennett Phillips Luton | 0208 501 3000 Contact I Marc Luton at [email protected]

23/11/2022

WELL PRESENTED OFFICE SPACE
TO LET
GROUND FLOOR
600 HIGH ROAD
WOODFORD GREEN
ESSEX IG8 0PS

• Modern ground floor offices
• Approx 819 sq. ft (76 m2)
• 1 allocated parking space
• Air conditioning
• Well fitted Kitchen & WC facilities

LOCATION:
The property is situated on High Road, Woodford Green (A121), adjacent a Lexus car dealership & immediately at the junction with Knighton Drive. A number of bus routes pass the property which is also well appointed for access to the local & National Motorway networks via the (A406/A12) & M11/M25. Woodford (Central Line) underground station is within a 12-minute walk. The retail facilities of Woodford, Loughton and Buckhurst Hill are close by.

ACCOMMODATION:
Comprising a modern two-story mixed use residential & office building. The suite in question provides contemporary office space on the ground floor, laid out to provide an open plan office & private meeting room. The office benefits from having well fitted kitchen & also WC facilities, as well as parking for 1 car in a private car park to the rear of the building.

Ground Floor: 819 sq. ft (76 m2)

LEASE:
Available on a 1-year Lease which is to be granted outside the provisions of the Landlord & Tenant Act.

RENT:
£15,900pax paid quarterly in advance, plus VAT at the prevailing rate.

SERVICE CHARGE:
The property is subject to a service charge which for the current financial year is in the region of £2,700 per annum. This includes but is not limited to - Building Insurance, cleaning and lighting of the common parts and window cleaning. A full break down is available on request.

BUSINESS RATES: Rateable Value - £16,500 Rates Payable 2022/2023 - £8,233.50 per annum.

LEGAL COSTS:
Each party are to be responsible for their own legal costs borne in this transaction.

POSSESSION:
Immediate upon completion of legal formalities.

VIEWING:
Strictly by appointment through sole agents Bennett Phillips Luton | 0208 501 3000 Contact Marc Luton at [email protected]

EPC:
Available upon request

09/11/2022

Well worth the 35-year wait since this Freehold Office building was last on the market!.

INVESTMENT SALE - CURRENT TENANCIES NOT AFFECTED
Self-Contained two-storey office building
of 1,563sq ft (145.35m sq)
With short term income from various Tenancies at Will
Gable House, Balfour Road
Ilford, Essex, IG1 4HP

Town Centre Location.
Yards from Ilford Elizabeth Main Line Railway Station.
Opposite an entrance to the Towns Principal Shopping Centre.
5 Car parking spaces.
Rare freehold opportunity.
First time on the market for over 35 years
Expired planning consent for 7 residential units

LOCATION:
The property is located on Balfour Road which is situated off Cranbrook Road & immediately opposite Ilford Railway Station (Elizabeth Line). Journey times include Stratford 11 mins, London Liverpool Street 17 mins, Canary Wharf 26mins & Bond Street 33 mins. All Town Centre amenities are within a matter of minutes by foot & include an entrance to The Exchange Shopping Centre (opposite), the High Road & Cranbrook Road. The Town is also very well served by numerous bus routes. Connections to the local & national road network are excellent with the (A406) which provides quick & easy access to the (A12/A13) & onto the M11 & M25 Motorways within a couple of minutes’ drive.

ACCOMMODATION:
Comprising a semi-detached, 2 storey self-contained office building which is currently laid out to provide a number of private offices in individual suites, allowing the property to be multi-Let, currently to 7 tenants but with scope to increase to 8 tenants with minimal alterations. There are several kitchens & WCs throughout which serve each part of the building. At the front of the property there is off-street parking for 5 cars.

EXISTING LAYOUT:
GROUND FLOOR
Reception / lobby area 46sq ft (4.27m sq)
Suite A – Gross Area – 296sq ft (27.52m sq)
Suite B – Gross Area – 443sq ft (41.19m sq)
Total - 785sq ft (73 m sq)

FIRST FLOOR
Room 1- 231sq ft (21.48m sq)
Room 2 -129sq ft (12m sq)
Room 3 - 94sq ft (8.74m sq)
Room 4 - 97sq ft (9m sq)
Room 5 -124 sq ft (11.53m sq)
Kitchen – 15sq ft (1.39m sq)
Gross area including landings – 778sq ft (72.35m sq).
Overall gross floor area – 1,563sq ft (145.35m sq).

EXISTING INCOME:
The combined income from the 7 Tenancies at Will totals £53,220pa.

PRICE:
Offers in excess of £975,000. VAT is not applicable.

POSSESSION:
Immediate upon completion of legal formalities.

AGENCY FEE:
Although Bennett Phillips are solely retained by the Vendor, as part of our agreement with them, we have been instructed to obtain our fee from the purchaser. This is to be based on 2% of the sale price plus VAT at the prevailing rate paid by the purchasers Solicitor immediately upon completion. Written agreement of this will be required from the purchaser once terms have been agreed & prior to Solicitors being instructed.

VIEWING:
Strictly by appointment through sole agents Bennett Phillips Luton | 0208 501 3000 Contact Marc Luton at [email protected]

09/11/2022

Ilford Town Centre Freehold shop & upper parts. Last available when George V was King!!

Shop & 1st /2nd floor offices with the benefit of existing short-term income throughout. Planning Permission granted for 2 x 1 bedroom flats on the upper floors.

Freehold For Sale
12 Chapel Road, Ilford, Essex, IG1 2AG

Town Centre Location
Family-owned property – first time on the market for more than 100 years.
Planning to develop 2 x 1 bedroom flats & an application for a further 1 bedroom flat.
Amongst all Town Centre amenities
Within 100 yards of Ilford Elizabeth Line Station
Excellent local & national road communications via (A406) approx 400 yards

Location.
The property is located on Chapel Road which forms part of the one-way system which connects Cranbrook Road & High Road, Ilford to Winston Way & Ilford Lane. The parade comprises a mix of localised occupiers, whilst being opposite the High Road where many of the country’s leading multiple occupiers are represented. An entrance to The Exchange Shopping Centre is within approx 200 yards of the property, situated on Cranbrook Road. Ilford (Elizabeth Line) Railway Station is within 100 yards and the Ilford junction of the (A406) which provides quick & easy access to the (A12/A13) & onto the M11 & M25 Motorways is within approx 400 yards.

Accommodation.
Comprising shopfront premises on the ground floor which currently trades as a Caribbean restaurant with self-contained offices over the 1st & 2nd floors. The restaurant extends to approx 1,021sq ft (94.95 m sq). The net floor area of the 1st & 2nd floors is approx 663sq ft (61.65m sq).

Existing Tenancies & Incomes derived.
Shop – Let to Joshua & Sonia Williams on a FRI Lease for a term of 20 years dated 3rd March 2003 at a passing rent of £27,500pax. We understand form our client that although the Lease is drawn inside the Landlord & Tenant Act, vacant possession can be obtained if required.
Offices – All are Let on Tenancies at Will, commencing between May 2017 & July 2021. The current combined income is £27,600pa
The total income is therefore £55,100pa.

Planning
Planning permission was granted on 22 July 2022, application number 1805/22 for the conversion of the uppers to provide 2 x 1 bedroom flats over 1st & 2nd floors. A recent application has been submitted for a further 1 bedroom flat in the loft space.

Tenure.
Freehold to include the benefit of the existing incomes & the planning consent.

Price.
Offers are invited in excess of £875,000 to include full, or partial vacant possession if required. We understand VAT is not applicable.

Legal Costs.
Each party are to be responsible for their own legal costs.

Agency Fee.
Although Bennett Phillips are solely retained by the Vendor, as part of our agreement with them, we have been instructed to obtain our fee from the purchaser. This is to be based on 2% of the sale price plus VAT at the prevailing rate paid by the purchasers Solicitor immediately upon completion. Written acknowledgment will be required from the purchaser once terms have been agreed & prior to Solicitors being instructed.

Viewing.
Strictly by prior appointment through sole agents Bennett Phillips Luton – contact Marc Luton on 020 8501-3000 email: [email protected]

Bennett Phillips Luton

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