Retail premises for sale

Eastern Avenue, Ilford IG2

Freehold investment – £43,800 pa rent – 7.68% gross yield – £570,000

The property is offered for sale as a fully income-producing mixed-use freehold investment, comprising ground-floor commercial accommodation and a self-contained first-floor residential flat.

The ground floor is occupied by funeral directors under a 10-year commercial lease, with approximately nine years remaining, producing £27,600 per annum.

The first-floor residential accommodation is let under a five-year guaranteed rental arrangement, with approximately three and a half years remaining, producing £16,200 per annum.

Investment Summary

- Gross annual rental income: £43,800
- Commercial rental income: £27,600 per annum
- Residential rental income: £16,200 per annum
- Gross rental yield: 7.68%
- Freehold asking price: £570,000

Location

The property occupies a prominent position fronting Eastern Avenue (A12), providing excellent road connections towards Central London, Ilford, Redbridge and the M11 motorway.

The surrounding area comprises a mixture of established residential neighbourhoods and commercial uses, making this a well-positioned investment within East London.

Tenure

Freehold, subject to the existing occupational agreements.

Price

£570,000.

Legal Costs

Each party is to bear its own legal costs incurred in the transaction.
VAT


VAT status to be confirmed.