Freehold for Sale
INVESTMENT/DEVELOPMENT OPPORTUNITY
Available
Dr Johnstone Pub, Longwood Gardens, Barkingside, Ilford IG5
(Reference No. 023916)
Price:Offers sought in the region of £3,000,000 for the freehold interest.
 
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Description:
The property is arranged over ground, first and basement levels and has a large rear garden and associated parking to the front and the rear.

A pre-let of the ground floor agreed with Co-operative Group Foods Ltd at £75,000 pax on a 15 year lease.

Planning permission soon to be granted for change of use from Public House (A4) to Retail (A1) at ground floor with a single storey extension (49 sq.m). Conversion of 1st floor to create 3 flats and erection of 3 x 3 bedroom dwellings on the land to the rear of the main property. (*Although the current planning has been achieved we believe it may be possible to further increase the density by creating further residential units in the roof space and by creating a terrace of up to 6 houses at the rear, STP).

Subject to Contract
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Claridges Commercial
Tel: 020 8559 1122  
Email:
contact@claridges-commercial.co.uk