Summary - 321 LEY STREET ILFORD IG1 4AA
1 bed 1 bath Commercial Property
**Standout Features:**
- Mixed-use investment opportunity with ground floor retail and a two-bedroom flat above
- Passing rent of £18,400 per annum with a secure 15-year lease starting from 2019
- Asset management potential with upcoming upward-only rent reviews
- Excellent visibility and foot traffic due to busy high street location
- Freehold tenure, ideal for long-term investment
- Located near major transport links and community amenities
**Property Summary:**
Discover a promising investment at 321 Ley Street, Ilford, with a mixed-use property featuring a well-positioned ground floor retail unit and a two-bedroom flat. This sizable establishment, totaling 1,798 square feet, brings in a stable rental income of £18,400 per annum on a secure 15-year lease, giving you peace of mind and consistency. The property’s prime location on a bustling high street routes constant pedestrian traffic, making it perfect for a small business looking to attract a diverse clientele.
The Victorian-style building is in good condition and retains a traditional charm, featuring ample window displays for retail visibility. With asset management opportunities on the horizon — including potential rent uplifts — this property allows for future financial growth. Moreover, it's situated within a vibrant community, close to excellent local schools rated 'Good' and 'Outstanding', positioning it as a family-friendly area.
While the property's condition appears sound, there are minor concerns regarding space in the flat, which may require attention or renovation for future tenants. With strong demand in the locality and notable future rental potential, this property is a unique opportunity you don’t want to miss. Perfect for investors or entrepreneurs ready to make their mark in a thriving area. Act quickly; opportunities like this are rare!
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