Property Features

Location:
Eastern Avenue, Newbury Park, Ilford, IG2 7RT
Tenure:Freehold
Four One-Bedroom Flats, 743 – 745 Eastern Avenue, Newbury Park, Ilford
For Sale £900,000
Property Type
Residential

About the Property

    LOCATION
    178,024 Population of Ilford
    9.5 miles north-east of Central London
    1.5 miles west of the King George Hospital
    Good Communications with the A406 (North Circular Road)
    On-Street Car Parking, Frequent Bus Service and Bus Stop Outside

    Ilford, with a population of some 178,024, forms part of the London Borough of Redbridge and is located between Barking and Woodford, approximately 9.5 miles north-east of Central London. The A406 (North Circular Road) is located 2 miles to the west, via the A12, which feeds the M11 motorway at Woodford. Seven Kings Station, located in Ilford is on the mainline and runs between Stratford and Shenfield.

    The property is situated within a local neighbourhood parade of shops, highly visible along a busy road on the eastbound carriage way of Eastern Avenue (A12) at the corner of Eastern Avenue and Oaks Lane, opposite the St Teresa’s RC Church. King George Hospital is located approximately 1.5 miles to the east. Newbury Park Underground Station, which is located on the Central Line, provides frequent journeys to Stratford and London Liverpool Street is approximately 100 meters to the west. There is also a bus stop located directly outside the property.

    The ground floor is occupied by Car Audio Centre and EN Market, with adjacent occupiers including, East London Kawasaki, Sai Supermarket, Woodworks Design, Bacon’s Motorcycles and The Spice Hut Indian Takeaway. Newbury Retail Park is located 1.5 miles east and includes occupiers such as McDonald’s, B&Q Superstore, J D Sports and Holiday Inn Express. Other nearby businesses include BP Connect, Machine Mart and a variety of local traders.

    DESCRIPTION
    743 – 745 Eastern Avenue comprises a purpose built mixed commercial and residential property arranged over 3 storeys, we estimate to be constructed in the 1950’s. The four first and second floor flats are accessed via an external staircase to the rear of the property, accessed via Oaks Lane, with one external door providing access to 743A & 743B and a second external door providing access to 745A & 745B. Flats A are located on first floor, whereas flats B are located on second floor, via an internal stair case.

    All four one bedroom flats are very similar in layout, comprising an entrance hall, kitchen, living room, one double bedroom, bathroom / WC and small store. The flats have the benefit of being connected to mains electric, gas central heating (radiators) and water, all individually metered, as well as double glazed UPVC windows and front doors.

    Tenancies
    All flats are Let separately by way of an Assured Short hold Tenancy Agreements (AST’s), producing a gross annual combined rent of £42,540

    Copies of the AST’s are available upon request.

    TERMS
    The Long Leasehold of the property is available for sale.
    Offers sought in the region of £900,000 S.T.C.

    The long Lease Holder is to be responsible for a fair and reasonable proportion of the service costs, to include external repairs and decoration, management fees and buildings insurance.

    VAT
    We understand the property is not Elected for VAT and therefore VAT is not applicable.

    LEGAL COSTS
    Each Party are to be responsible for their own legal costs in respect of this transaction.

    OTHER
    The four flats all have their own EPC rating, as detailed on the table overleaf. Individual certificates are available upon request.

    VIEWING
    Strictly by prior appointment only with the sole agents, Nicholas Percival Estate Agents & Chartered Surveyors.

    T: 01206 563 222 E: info@nicholaspercival.co.uk Ref. C.3034

    Four One-Bedroom Flats, 743 – 745 Eastern Avenue, Newbury Park, Ilford

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