213 - 215 Ilford Lane , Ilford, IG1 2RZ

  • Retail
  • 5,051 sq ft
  • For Sale
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Valuable A3/A5 Consent
Property Type Retail
Tenure For Sale
Size 5,051 sq ft
Freehold Price Offers in excess of £2,000,000
Business Rates £35,446 per annum (based on rateable value of £74,000) england-standard

Large Restaurant A3/A5 Consent and Two Self Contained 2 Bed Flats on First Floor

Key Features

  • Large Restaurant in Busy Location
  • Vacant Possession and Suitable for Owner Occupier/Investor
  • Two Self-Contained 2 Bed Flats on First Floor with Opportunity to Enhance Income
  • First Time on the Market After 40 Years

Location

The property is on the corner of Ilford lane and Kingston Road approximately 0.6 miles to the South of Ilford Rail Station.

Ilford Lane connects Ilford to Barking and is a popular shopping destination serving a densely-populated area as well attracting customers across London with its niche retailers / restaurants.

There are a number of Bus routes that run along the road, providing access to local destinations, Barking Road Station and Underground is approximately 0.95 miles to the South.

Available area

DescriptionSq ft Sq m
Ground Floor2,608242.28
Basement89382.96
213A Ilford Lane75069.68
215A Ilford Lane80074.32
Total5,051469.24

Description

The property is demised over ground and basement; the basement is furnished as a commercial kitchen with all the necessary access and extraction. The ground floor comprises the seating area, sales area and takeaway section. To the rear of the unit are female, male and staff WCs as well as a washing up room and small office space. The property also benefits from a small outdoor seating area fronting on to Ilford Lane. This unit has been a well-established restaurant on Ilford Lane for over 30 years and is well known with the local population. The first floor above the restaurant is layed out as two separate self-contained spacious two bedroom flats. Each flat has the benefit of a large reception room, two bedrooms and separate kitchen and bathroom accessed from the rear.

Council Tax

213A Ilford Lane: Council Tax Band (B) £1,148.07 215A Ilford Lane: Council Tax Band (C) £1,312.08

Legal Cost

Each party to bear their own legal costs incurred in this transaction, subject to the prospective purchaser solicitors undertaking to pay the landlord’s abortive costs if the prospective purchaser withdraw from the transaction

Viewing

Strictly by appointment through the sole agent: