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Lot 2 Sold: £1,910,000

58/58a High Road, Ilford, Essex IG1 1DL

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Lot 2   Click here for addendum

Freehold Commercial/Residential Investment
On behalf of Trustees
In same ownership since 1990
6 Week Completion

Situation

Located at the junction with Cranbrook Road in this prominent prime retailing position in the heart of this well-known town centre and serving a large residential area.
Iceland and Coral are adjacent, Barclays is opposite, and other nearby multiple retailers include NatWest, Boots and Nationwide and a Sainsbury's Supermarket is nearby. Ilford Rail Station, which was rebuilt for Crossrail in 2019, is under ½ mile distant.
Ilford is a popular suburb that lies approx. 9½ miles north-east of central London with good road access to the M11, M25 and the North Circular Road (A406).

Property

An imposing ex Burtons which traditionally were built in the prime shopping positions of hundreds of towns in the UK and once had a total of 616 stores, being the largest tailors in the world.
Comprising a Ground Floor Shop with separate front access to 2 Self-Contained Flats on the first and second floors.

VAT is NOT applicable to this Lot

FREEHOLD

Enquire about this lot:

Photo of John Barnett

John Barnett
020 8492 9449
jbarnett@barnettross.co.uk

Photo of Elliott Greene

Elliott Greene
020 8492 9449
egreene@barnettross.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.