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80 Ilford Ln

2,788 SF 100% Leased Retail Building Ilford IG1 2LA £1,500,000 (£538/SF) 6.32% Net Initial Yield

Investment Highlights

  • Prominent position with excellent footfall
  • Development potential to extend the first floor rear, subject to planning
  • Approximately 500 metres from Ilford Station (Elizabeth line)

Executive Summary

Offers in the region of £1,500,000 for the freehold interest. Only unconditional offers will be considered.
The property is income producing, with multiple tenants.
There is potential to develop the rear by extending the existing first floor and adding 2 storeys to either create residential or offices, subject to planning.

Attachments

Ruby's Plaza

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
2,788 SF
Building Class
B
Year Built
1960
Price
£1,500,000
Price Per SF
£538
Net Initial Yield
6.32%
NOI
£94,800
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
1.23
Lot Size
0.05 AC
Frontage
22 ft on Ilford Lane

Amenities

  • Roller Shutters
  • Storage Space

Nearby Major Retailers

Sainsbury's
JRC Global Buffet
The Gym Group
Nandos
chaiiwala
Starbucks
Lloyds Bank
HSBC
Santander
Lidl
  • Listing ID: 34169905

  • Date on Market: 12/12/2024

  • Last Updated:

  • Address: 80 Ilford Ln, Ilford IG1 2LA

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