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120 High St

856 SF Retail Building Ilford IG6 2DU £450,000 (£526/SF)

Investment Highlights

  • Sought after High Street location.
  • Close by to various local retailers and amenities.
  • Well presented retail store.

Executive Summary

Comprising a ground floor lock up shop with (Class E) use, laid out to provide a sales area with additional treatment rooms which are ancillary to the tenants use, kitchen & WC facilities are also provided. The overall floor area is approximately 856sq ft (79.6sq m). The property is let to Hassane Brika t/a Studio 120 upon the terms of a 15-year FRI Lease commencing 20th March 2020 without any rent review provisions at a fixed rent of £31,500pax throughout the term, paid on the usual Quarter Days. The Lease is subject to mutual break clauses every two years, from March 2022, subject a 6 month’s prior written notice in the event either party wishes to exercise the option. The client holds a 6-month rent deposit & the Lease is personally guaranteed.

Attachments

Brochure

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
856 SF
Building Class
B
Year Built
1925
Price
£450,000
Price Per SF
£526
Tenancy
Single
Number of Floors
3
Building FAR
0.43
Lot Size
0.05 AC

Amenities

  • Security System
  • Signage
  • Storage Space
  • Air Conditioning

Nearby Major Retailers

German Doner Kebab
Sainsbury's
Iceland
Barclays
Santander
Costa Coffee
Tesco Superstore
Co-op Food - Ilford - Longwood Gardens
Nisa Local
Miller & Carter
  • Listing ID: 34409330

  • Date on Market: 08/01/2025

  • Last Updated:

  • Address: 120 High St, Ilford IG6 2DU

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