267 Green Lane , Ilford, IG3 9TN

  • Office
  • 817.21 sq m
  • For Sale
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Rare Freehold Site
Property Type Office
Tenure For Sale
Size 817.21 sq m
Freehold Price £1,100,000
Business Rates £14,443.10 per annum (based on rateable value of £31,500) england-standard

The site currently is currently being used as a used car showroom with gated access from both Green Lane and Highbury Gardens.

Key Features

  • Development Opportunities - Subject to Obtaining Usual Consent
  • Suitable For a Variety of Uses
  • Current Income Producing - £44,000
  • Fenced and Gated Boundaries With Access to Main Highways

Location

The Property is located at the junction of Green Lane and Highbury Gardens with access to the site on both roads through an electric gate. The site is approximately 0.4 miles away from Seven Kings Train Station, 0.9 miles from Goodmayes Train Station and 1.5 miles from Ilford Train Station which Cross Rail will service from December 2019. The Ilford Exchange Shopping Centre 1.1 miles away, hosting outlets such as Debenhams, Marks & Spencer, WH Smith, Subway and Argos. High Road joins up to A118 along Winston Way at the junction with the North Circular (A406) which leads through to Barking and Beckton in one direction and Redbridge Roundabout and the M11 in the other.

Available area

DescriptionSizeSq m
Total Area8,796.41 sq ft817.19
Office551.22 sq ft51.21
Kitchen48.86 sq ft4.54
Kitchen48.87 sq ft4.54
WC33.37 sq ft3.10

Description

The site is currently being used as a used car showroom fronting onto Highbury Gardens and Green Lane. The site is levelled with a hard standing surface and largely open space to enable storage and display of cars. The site also benefits from a single story structure to provide 2 offices, kitchen and WC. The site is protected by a metal fence surround and has the benefit of light, power and drainage facilities.

Tenancy

The site is currently let on a FRI lease to a Shababa LTD T/A King Motors on a 5 year Term commencing on the 1st of July 2017. The lease is contracted out of the Landlord and Tenant Act 1954. The Landlord can break the lease after the 28th February 2018 subject to four months’ notice.

Legal Cost

Each party to bear their own legal costs

Viewing

Strictly by appointment through sole agent