Investment for sale ILFORD IG2 6NQ,2819sq ft

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Investment

Investment For Sale ILFORD

PROPERTY ID: 97573

PROPERTY TYPE

Investment

STATUS

Sold

SIZE

2,819 sq.ft

Key Features

Rare opportunity to acquire a secure long income roadside investment opportunity in a prime east London location

Located on the A12, in close proximity to the North Circular in Gants Hill

Purpose built drive-thru restaurant of 2,819 Ft2 GIA / 2,314 Ft2 NIA on a 0.377 acre site with a low 23% coverage

Let to Zing Leisure Ltd (t/a Burger King) on a new 20-year lease with 19.5 years unexpired, at a rent stepping to £110,000 per annum exclusive (subject to top up by the vendor)

Property Details

Offers Invited In Excess Of £2,000,000 (two Million Pounds), Representing A Net Initial Yield Of 5.15% Assuming Purchaser’s Costs Of 6.38%.

The Property Is Situated On The South Side Of Eastern Avenue (a12) Dualcarriageway In-between The Redbridge Roundabout Junction With The North Circular (a406) And The Gants Hill Roundabout Junction With Woodford Avenue (a1400). The Area Has Good Public Transport Links Via Redbridge Station (1.24km West)
And Gants Hill Underground Station (0.2km To The East), Both Giving Access To The Central Line.

The Building Is Of Steel Framed Construction And Benefits From Excellent Natural Light And Active Frontage To The A12. The Building Comprises Of An Open Plan Dining Area, Commercial Kitchen With Extract, Associated Wc And Staff Amenity Space. The Existing Fitout Is Compliant With The Most Recent Burger King Branding Guidelines.

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About the Agent

Strettons

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Investment Unit

POA

374-404 Eastern Avenue, ILFORD, IG2 6NQ

Investment - Sold
2,819 sq ft
262 sqm

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