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High Road, Ilford IG3 Mixed use for sale
High Road, Ilford IG3
£5,000,000
High Road, Ilford IG3
£5,000,000
Our Summary
- * For sale by public auction on 10th July at 12:00 *Location & DescriptionThis is a rare opportunity to acquire a substantial freehold block with diversified income across residential, retail, commercial, and warehouse uses in a prime East London location
- The property benefits from long-term leases, rental uplift potential, and possible redevelopment opportunities
- An outstanding freehold investment opportunity in the heart of Seven Kings, comprising a mix of 14 residential flats, 3 retail shops, 3 warehouse units and 2 basement units
- To the rear of the property is a private car park capable of accommodating approximately 20 vehicles, this space provides further asset management opportunities, or possible future development, subject to the necessary consents
- Lease reviews and expiries range between 2027 and beyond, offering security of income and future rent growth potential
Description
This substantial freehold block in East London offers a rare investment opportunity with diversified income across residential, retail, commercial, and warehouse uses. The property comprises 14 residential flats, 3 retail shops, 3 warehouse units, and 2 basement units, with a private car park capable of accommodating 20 vehicles. The property generates £32,611 per month, or £391,332 per annum, from a consistent tenant base with long-term leases and rental uplift potential. The property is situated directly opposite Seven Kings Mainline Station, offering swift access to London Liverpool Street. The commercial element includes three retail units and three warehouse units, with leases expiring between 2027 and beyond, offering security of income and future rent growth potential. The property also benefits from possible redevelopment opportunities, subject to necessary consents.