The property is located on the west side of Ilford Lane (A123) just north of the junction with Wingate Road. Ilford Lane runs between Barking and Ilford town centres, with both being just over half a mile from the property.
The property is situated in a destination location, with numerous boutique speciality retailers in the immediate vicinity.
The area is primed for regeneration and in 2015 Redbridge Council announced a raft of new plans to regenerate Ilford town centre, anticipating £1billion worth of investment over the next six years.
The location has good public transport communications being 1.13 km (0.7 miles) north of Barking Station and 1.15 km (0.7 miles) south of Ilford Station. Several bus routes also operate along Ilford Lane.
Journey times from Ilford Station:
- London Fenchurch Street 15 minutes
- Stratford 9 minutes
- Bond Street currently 33 minutes reducing to 24 minutes when Crossrail opens in 2019
Site area 388.6 sq.m. /4182 sq.ft. / 0.10 acres
The property comprises a retail shop, residential upper parts, workshop, open ended store and yard occupying a site of 0.1 acres.
The flat has its own entrance off Ilford Lane and comprises two bedrooms, lounge, kitchen and bathroom. It is in reasonable decorative order.
The retail element comprises main retail area, office, rear kitchen/staff breakout room and WC facilities.
The single storey workshop building to the rear of the site has a pitched roof and adjoins a substantial area of covered yard. The yard and workshop has the benefit of three phase power and a WC facility.
The commercial part of the property has operated as a timber, shed and building supplies merchant for over 30 years.
Freehold for sale with vacant possession
Rateable value: £20,250
Estimated Rates Payable: £9,720 per annum
Service charge: N/A
Local authority: London Borough of Redbridge