Summary - Rare Investment Freehold | Corner Site | Ilford Lane | IG1 IG1 2RT
7 bed 5 bath Not Specified
Rare income-producing corner freehold with upside via planning and active management..
Freehold sale of two adjoining mixed-use buildings
A rare, income-producing freehold comprising two adjoining mixed-use buildings on a prominent Ilford Lane corner. Fully occupied under legal agreements, the asset delivers in excess of £245,000 pa from six commercial units and five residential flats across approximately 6,064 sq ft. The site is arranged over basement, ground and first floors and benefits from commercial frontage to two streets.
This holding suits a buy-to-let investor or portfolio buyer seeking immediate cashflow with scope to increase value. There is potential to enlarge or reconfigure the layout subject to relevant planning permissions, offering upside through consented change, refurbishment or active asset management.
Buyers should note material negatives plainly: the location records very high crime and overall area deprivation, the plot is relatively small for additional external expansion, and internal condition is not specified (refurbishment likely required in places). Any development or layout changes will require planning consent and tenant notice where applicable.
Overall, this is a high-yield, hands-on investment: strong current income and clear development potential balanced against local socio-economic challenges and the need for due diligence on condition, leases and planning possibilities.
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