551 Green Ln 1,996 sq ft 100% Let Retail Property Ilford IG3 9RJ £500,000 (£250.50/sq ft)

This freehold property located at 551 Green Lane offers a rare investment opportunity within a thriving East London corridor. The two-story, end-of-terrace building is positioned on a highly active stretch of Green Lane, a multicultural shopping destination in the London Borough of Redbridge that benefits from significant footfall and easy connectivity. Goodmayes Station, served by the Elizabeth Line and National Rail, is within a short walking distance, enhancing accessibility for businesses and customers alike.
The ground floor is configured to provide a flexible business environment, currently sub-divided into 13 kiosks and office units arranged around communal areas. Two units benefit from direct frontage onto Green Lane with full-height glazed facades. Shared amenities include two WC's and a kitchenette. The first floor comprises long leasehold residential units, each retaining over 100 years unexpired, adding to the long-term security and versatility of the holding.
The property lends itself to various asset strategies. Investors can pursue a multi-let configuration generating strong rental flows or convert the layout into a single retail unit. There is significant demand from convenience and service operators in the area, supporting rental stability. Offers are invited in excess of £500,000, presenting a compelling opportunity for both investors and owner-occupiers.