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Beehive Lane, Ilford, IG1


Price £119,995

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Overview

Shop for sale in Beehive Lane, Ilford, IG1

Hanson's Commercial is offering, this very rare opportunity to acquire a prestigious newly built grocery store. Which comes with A3 change of use. A long lease is being offered of over 20 years.

Hanson's Commercial is offering, this very rare opportunity to acquire a prestigious newly built grocery store. Which comes with A3 change of use. A long lease is being offered of over 20 years. The property also includes an upper first floor two bedroom flat currently being rented and generating a rent income of £1,200.00 pcm (£14,400 PA) The business has been trading over three years. The original lease was valid 25 years of which 5 years have passed.
Sizes of the shop (L=98.85 Ft x 17.49 Ft) (M = 30.130 M x 5.330 M) (SQFT 1728.88) (SQM 160.59).

Premium £120,000
Rent £18,000
Business Rates £3,700 Approx.
Use class A1 also have permission for A3 change.
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Key Info

  • 20 Year lease
  • Grocery and with full A3 Permission.
  • Walking distance to Gants Hill station
  • Ground floor shop with uppers
  • Fully fitted shop
  • Upper two Bedroom Flat

Sorry! There are no available floor plans for this property.

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Amount Borrowed: £200,000
Term: 25 years
Interest rate: 3.5%
Total Monthly Payment:
£1,001.25
Total amount repayable:
£300,374
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