277-278 High Road Ilford Essex IG1 1QQ

277-278 High Road
Ilford
Essex
IG1 1QQ

Freehold Modern Office Investment

Entirely let to The North-East London Probation Committee Approximately 1,081 sq m (11,635 sq ft) with on-site car parking
Prominent town centre location
Neighbouring occupiers include London Borough of Redbridge, Fitness First, Lidl, Farmfoods Supermarket and Redbridge Borough Police HQ
Six Week Completion Period Available

Lot
12
Auction
22nd February 2011
Rent
£200,685 per Annum Exclusive
Status
Sold
Price
£1,485,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of Joint LPA Receivers

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Freehold Modern Office Investment

Entirely let to The North-East London Probation Committee Approximately 1,081 sq m (11,635 sq ft) with on-site car parking
Prominent town centre location
Neighbouring occupiers include London Borough of Redbridge, Fitness First, Lidl, Farmfoods Supermarket and Redbridge Borough Police HQ
Six Week Completion Period Available

Lot 12
Auction 22nd February 2011
Rent £200,685 per Annum Exclusive
Status Sold
Price £1,485,000
Sector
Office
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of Joint LPA Receivers

Property Information

Location

Miles: 12 miles east of the Central London
Roads: M11, North Circular (A406), A12
Rail: Ilford Railway Station, Newbury Park Underground Station (Central Line)
Air: London City Airport (5 miles), Stansted Airport (25 miles)

Situation

The property is prominently situated on the northern side of the High Road, directly opposite the Borough Police headquarters, and immediately east of the pedestrianised retail thoroughfare. Lynton House, London Borough of Redbridge's administrative offices, is approximately 100 metres east while the adjacent Ilford Retail Park houses occupiers including Fitness First, Lidl and Farmfoods Supermarket.

Tenure

Freehold.

Location

Miles: 12 miles east of the Central London
Roads: M11, North Circular (A406), A12
Rail: Ilford Railway Station, Newbury Park Underground Station (Central Line)
Air: London City Airport (5 miles), Stansted Airport (25 miles)

Situation

Tenure

Freehold.

Description

The property comprises a SELF-CONTAINED MODERN OFFICE BUILDING benefiting from raised floors, suspended ceilings and a passenger lift serving all floors. The property also benefits from the right to use the car parking spaces to the rear (please see area shaded blue on the plan).

The property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability

VAT

VAT is applicable to this lot.

Viewings

There will be group viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Gwen Thomas. Tel: +44 (0)20 7034 4857

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

Viewings

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground First Second	Office	353.90 sq m 364.00 sq m 363.13 sq m	(3,809 sq ft) (3,918 sq ft) (3,908 sq ft)	THE NORTH-EAST LONDON PROBATION COMMITTEE (1)	20 years from 28/09/1995 until 11/04/2016 on a full repairing and insuring lease	£200,685	28/09/2015
Totals		1,081.03 sq m	(11,635 sq ft)			£200,685

(1) The North-East London Probation Committee is part of the London Probation Trust who employ 3,000 staff across London and at any one time supervise 45,000 offenders across London’s 32 boroughs. They work alongside other criminal justice agencies, including the police, prisons and courts to protect the public by supervising offenders in the community. (Source: www.london-probation.org.uk 13/01/2011)

The property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability