101 - 105 High Road Ilford Greater London IG1 1DE

  • 101 - 105 High Road<br>Ilford<br>Greater London<br>IG1 1DE

101 - 105 High Road
Ilford
Greater London
IG1 1DE

Substantial and Long Dated Freehold Bank Investment

  • Entirely let to The Co-operative Bank Plc
  • Lease expires in August 2062 (Approximately 45 years unexpired - No Breaks)
  • Approximately 5,287 sq ft
  • VAT-free bank investment
  • Located between The Exchange Shopping Centre and Ilford Railway Station
  • Nearby occupiers include Primark, Boots the Chemist, Marks & Spencer, Debenhams and TK Maxx
  • Excellent transport links and future Crossrail destination
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    11
  • Auction
    16th February 2017
  • Rent
    £148,750 per Annum Exclusive
  • Status
    Sold
  • Price
    £2,920,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Substantial and Long Dated Freehold Bank Investment

  • Entirely let to The Co-operative Bank Plc
  • Lease expires in August 2062 (Approximately 45 years unexpired - No Breaks)
  • Approximately 5,287 sq ft
  • VAT-free bank investment
  • Located between The Exchange Shopping Centre and Ilford Railway Station
  • Nearby occupiers include Primark, Boots the Chemist, Marks & Spencer, Debenhams and TK Maxx
  • Excellent transport links and future Crossrail destination
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 11
  • Auction 16th February 2017
  • Rent £148,750 per Annum Exclusive
  • Status Sold
  • Price £2,920,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
5 miles east of Romford, 10 miles east of Central London
Roads
A118, A406
Rail
Ilford Railway Station
Air
London City Airport
Situation

The property is situated on the northern side of High Road, close to its junction with Chapel Road and Cranbrook Road, less than 150m from Ilford Railway Station. There are a number of bus stops on High Road which contribute to the footfall. The Exchange Shopping Centre is located nearby housing occupiers including Marks & Spencer, River Island, TK Maxx and New Look. Other nearby occupiers include Primark, Boots the Chemist, Superdrug and Iceland.

Tenure

Freehold.

Location
Miles
5 miles east of Romford, 10 miles east of Central London
Roads
A118, A406
Rail
Ilford Railway Station
Air
London City Airport
Situation

The property is situated on the northern side of High Road, close to its junction with Chapel Road and Cranbrook Road, less than 150m from Ilford Railway Station. There are a number of bus stops on High Road which contribute to the footfall. The Exchange Shopping Centre is located nearby housing occupiers including Marks & Spencer, River Island, TK Maxx and New Look. Other nearby occupiers include Primark, Boots the Chemist, Superdrug and Iceland.

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with ancillary/office accommodation on basement, first, second and third floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises a ground floor banking hall with ancillary/office accommodation on basement, first, second and third floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

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
Basement
First
Second
Third		 Banking Hall
Ancillary
Offices
Ancillary
Ancillary
147.40 sq m
16.20 sq m
108.45 sq m
135.15 sq m
83.98 sq m
(1,587 sq ft)
(174 sq ft)
(1,167 sq ft)
(1,455 sq ft)
(904 sq ft)
 THE COOPERATIVE
BANK PLC (1)		 99 years from
26/08/1963 until
25/08/2062 on a full
repairing and
insuring lease		 £148,750 26/08/2038
Totals  
491.18 sqm
(5,287 sq ft)
     £148,750  

(1) www.co-operativebank.co.uk

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Solomon Taylor & Shaw 3 Coach House Yard, Hampstead High Street
London
NW3 1QF
Gary Phillips 0207 317 8680gary@solts.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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