120 High St
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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.
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
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Nearby Major Retailers
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120 High St
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