Property description

A3/A5 Shop for Sale with 1 Bedroom First Floor Flat

This is a great opportunity to acquire a highly visible A3/A5 usage Fast Food Restaurant with a one bedroom flat on the first floor with access to a large garden area above the shop on High Road Ilford, currently trading as Chicks Chicken and Pizza franchise with a great drive through pick up service at the back as an added feature. The ground floor benefits are a spacious seating area with spacious counter to serve from, fully fitted large kitchen over mezzanine levels, toilet, large freezer room, office area, back entrance/exit, and a large public car parking area at the back shared with other retailers. The Lease also benefits with a Late Opening License. The property is located few minutes away from Ilford Police Station and the Ilford exchange center with well-known brands such as Lidle and Fitness First are all located within 60 meters of the shop. The Ilford Exchange is merely 3 minutes walking distance.

The site has great Potential for development opportunities as this is a Freehold sale. The neighbour next door has developed 3 units next door with the same amount of space. The site has a Great income as the shop currently generates £18,000 per year with 15 years remaining on the lease also with the first floor 1 bedroom flat (consisting of separate lounge, kitchen space in hallway, spacious bathroom) when rented generates £10,200 per year (including council Tax). The full property generates an estimated total of £28,200 per year.

This property has a asking price of £449,000.

Accommodation

Ground Floor
Width/Frontage: 15” approx.
Depth: 56” approx. including Ground Floor Studio 
Total Ground Floor Area: 840” approx

First Floor One bedroom flat
Width: 12” approx.
Depth: 26” approx.
Total Flat area: 480” approx. plus (320\" approx. out door garden space)

TOTAL AREA = 1320 sq ft (approx)
 

Property Features :

• Freehold Sale
• Popular High Road
• Seperate One Bedroom First Floor Flat with Garden Space
• Successful Running Business
• Large Public Car Park At Rear