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Portfolio of Non Operational Property April 2011

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Portfolio of Non Operational Property April 2011 London Borough of Redbridge Property Services’ Schedule of Non Operational Property Property Description Asset Value £ 1. 45-55 Atherton 6 lock-up shops with Council owned 263,000 Road, Clayhall. flats above. Built c.1950. Let on Full Repairing & Insuring (FRI) leases. 2. 154-156 Broadmead 2 lock-up shops fronting the Orchard 166,000 Road, Woodford Estate. Built c.1993. Let on Internal Green. Repairing & Insuring Leases (IRI). 3. 1-6 Fullwell Parade, 6 lock-up shops with Council owned 331,000 Clayhall. flats above. Built c.1950. Let on FRI leases. 4. 80-90 Leyswood 6 lock-up shops with Council owned 230,000 Drive, Newbury flats above. Built c.1950. Let on FRI Park, Ilford. leases. 5. 153-215, 215a, 217, 33 shops – 2 with separate 5,565,000 217a Manford Way, residential accommodation. Council Hainault. owned flats above shop units. Built c.1950. 31 shops let on FRI leases and 2 let on IRI leases. 6. 358-368 Manford 4 lock-up shops with 6 1st & 2nd floor 537,000 Way, Hainault. flats that have been sold on long leases. Built c.1970. Let on FRI leases. 7. 111–119a Maybank 4 lock-up shops with 6 1st & 2nd floor 279,000 Road, South flats that have been sold on long Woodford. leases. Built c.1970. Shops let on FRI leases. 8. 593 - 603 New North 5 lock-up shops, 1 with residential 560,000 Road, Hainault. accommodation above, built c.1950. Let on FRI leases 9. 3-7 Cranbrook Road 7 lock-up shops beneath Broadway 1,718,000 & 79 -85 Ilford Hill, Chambers office block in central Ilford. Ilford. Built c.1960. Let on FRI leases. 10. 3, 3a, 5-9 & 13-17 7 lock-up shops beneath Ilford 2,020,000 Chapel Road, Ilford. Chambers office block in central Ilford. Built c. 1960. Let on FRI leases. 11. Broadway Offices arranged on 1st, 2nd and 3rd 1,504,000 Chambers, 1 floors above shops. Total net internal Cranbrook Road, area approx 1250 sq m. Built c.1960. Ilford. Let on IRI leases. - 1 - London Borough of Redbridge Property Services’ Schedule of Non Operational Property Property Description Asset Value £ 12. Ilford Chambers, 11 Offices arranged on 1st – 4th floors 1,886,000 Chapel Road, Ilford. above shops. Total net floor area approx 1602 sq m. Built c. 1960. Let on IRI leases. 13. 8 Mildmay Road, House presently used as offices. Net 240,000 Ilford. internal office area approx. 87 sq m. Built c. 1910. Let on a yearly tenancy on IRI terms. 14. Broadmead Centre, 16 subterranean workshop units of 137,000 Broadmead Road, total gross internal area 1240 sq m Woodford Green. approx. Workshops created c. 1984. 2 units let on short term tenancies with IRI terms, 5 units occupied by the Council, 9 units currently vacant. 15. Broadmead Road 3 storage units below road. Total 43,000 Viaduct, Woodford gross internal area 466 sq m. Viaduct Green. built c. 1947. Let on IRI terms. 16. George Lane 10 storage units below road bridge. 33,000 Viaduct, South Total net internal area 381 sq m Woodford. approx. Viaduct built c. 1947. 17. Land adjacent to Site of 0.03 hectares approx. Used for 106,000 927 High Road, open storage. Let on lease. Chadwell Heath 18. Land adjacent 40 Site of approx 0.13-hectare approx. 519,000 Ilford Hill, Ilford. Site includes a 48sheet advertisement hoarding. Let on FRI lease and advertisement hoarding licence. 19. Site A Land adjacent Advertising hoarding let on licence Included in land 40 Ilford Hill, Ilford adjacent to 40 Ilford Hill above 20. Site B Land adjacent Advertising hoarding let on licence Included in land 40 Ilford Hill, Ilford adjacent to 40 Ilford Hill above. 21. Land at 120 Five plots of land totalling 0.55- 1,958,000 Chigwell Road, hectare approx (including central South Woodford. access) used for open storage. Let on lease. 22. Advertising 5 Advertising hoardings let on Included in Land at Hoardings 120 licence 120 Chigwell Road Chigwell Road, above South Woodford - 2 - London Borough of Redbridge Property Services’ Schedule of Non Operational Property Property Description Asset Value £ 23. Fairlop Quarry, Land used for gravel extraction. Let 3,667,000 Hainault Road, Little on a 12-year lease expiring Heath. December 2014. 24. Aldborough Hall Agricultural land of 11.7 hectares 175,000 Farm, Aldborough approx. on Fairlop Plain. Farmhouse Hatch, Newbury and a range of traditional Park & Willow Farm, outbuildings at Willow Farm. Built c. Billet Road, Little 1890. Let on agricultural tenancies. Heath. 25. Former Beet Boiling Single storey building built c. 1910 61,000 Shed, Hainault Road, on site of 0.1-hectare approx. Let on Hainault. FRI lease. 26. Hainault Farm, Agricultural land of 41.6 hectares 1,118,000 Hainault Road, Little approx. on Fairlop Plain. 1 Heath. farmhouse, 5 cottages and a range of traditional outbuildings. Built c. 1890. 27. Aldborough Hatch Agricultural land of 41.7 hectares 1,407,000 Farm, Oaks Lane, approx. One farmhouse, two Aldborough Hatch. cottages and traditional outbuildings built c. 1890. Let on FRI lease. 28. Land junction of Agricultural land of 5.06 hectares 75,000 Forest approx. Let on agricultural tenancy. Road/Hainault Road, Hainault. 29. Red House Farm, Agricultural land of 10.9 hectares 554,000 Billet Road, Little approx. on Fairlop Plain. 1 farmhouse Heath. built c. 1890 and outbuildings. Let on agricultural tenancy. 30. Aldborough Hall Riding School and stables on a site of 201,000 School of Riding, approx. 12.57 hectares. Let on FRI Aldborough Road, lease. Aldborough Hatch. 31. Beech Hill Farm, Site of 0.52-hectare approx. with 224,000 Hainault Road, Little single storey building of gross Heath. internal area of 455 sq m approx. Storage use. Let on lease. 32. Woodford Bridge Nursery land of 0.69 hectare approx. 153,000 Nurseries, Roding Let on FRI lease. Lane North, Woodford Bridge. - 3 - London Borough of Redbridge Property Services’ Schedule of Non Operational Property Property Description Asset Value £ 33. Redbridge Nursery land of 0.53 hectare approx. 40,000 Nurseries, Eastern Let on an agricultural tenancy. Avenue, Redbridge. 34. Oakfield Playing Site of 19 hectares approx. used as 436,000 Fields, Forest Road, playing fields. Playing Fields let on Barkingside. long leases. 35. 203 Oaks Lane, 3 bedroom mid terrace house. Let. 170,000 Newbury Park. 36. Jacques Hall, New Former Workingmen’s Club and car 176,000 North Road, park. Built c. 1950. Lease negotiations Hainault. in hand. 37. Car park/amenity Site of approx 0.1-hectare approx. 24,000 garden adjacent 91- partly used as a car park. Let on lease. 95 Peregrine Road, Hainault. 38. Land r/o public WCs, Site of 0.007-hectare approx. Let on 23,000 Horns Road, lease. Newbury Park. 39. Former Woodford Site on flood plain. Site area 1.21 30,000 Town Football Club, hectares approx. Being transferred to Snakes Lane, the Council’s Culture Sport & Woodford Green. Community Learning Service Area for recreational use. 40. Land r/o 77-91 Land of approx 0.15 hectare. Let on 26,000 Reynolds Avenue, lease. Chadwell Heath. 41. Black Horse, Public Public house with residential 21,000 House, 1 Chapel accommodation above. Built c. 1960. Road, Ilford. Let on long FRI lease. 42. Maguires Public Public house with residential 36,000 House, 19-21 Chapel accommodation. Built c. 1960. Let on Road, Ilford. long FRI lease. 43. The Dick Turpin Public house/restaurant with living 31,000 Public House, accommodation and adjoining land. Aldborough Road Built c. 1900. Let on long FRI lease. North, Newbury Park. 44. Scout Land adjacent Scout land with hut. 147,000 to 23 Kielder Close, Site let on FRI lease. Hainault. - 4 - London Borough of Redbridge Property Services’ Schedule of Non Operational Property Property Description Asset Value £ 45. Prospect Hall, Single storey hall premises. Gross 655,000 Prospect Road, internal area of 719 sq m approx and Woodford Green. site area 0.13-hectare approx. Built c. 1900. Let on lease. 46. Ilford Community 2- storey former gymnasium let on a 19,000 Centre, Eton Road, long lease. Ilford. 47. Amenity land and Amenity land and garage. Area of 21,000 garage adjacent to 0.13-hectare approx. Freehold. Let on 13 Wensley Avenue, licence. Woodford Green. 48. Former Lorry Park, Open surface former lorry park of 363,000 adjacent to 674 1541 sq m approx area. No decision High Road, Seven yet made re future use following Kings. marketing with adjacent Car Park. Temporary use as site for Pupil Support Centre. 49. Land opposite Advertising hoarding let on licence Included in former 707/715 High Road, Lorry Park above Seven Kings 50. Amenity area Site of approx 0.37 hectare. 0.22 462,000 between 135 & 137 hectare with potential for Brocket Way, development and 0.15 hectare to Hainault. remain for recreational/open space use. 51. Land adjacent Site of 0.04-hectare approx. Let on 84,000 Kenwood Gardens licence. Health Clinic, 741 Cranbrook Road, Gants Hill. 52. Land between 106/8 2 pieces of surplus land of approx 210,000 & 132/4 Fencepiece area 0.05 hectare each. Providing Road, Barkingside. potential access to Oakfield Playing Fields. 53. Land adj. to 1 0.05 hectare of amenity land. Held on 17,000 Wanstead Park long lease. Road, Ilford. 54. Land adjacent to Site of approx. 0.107-hectare approx. 247,000 Western Bus Stand, Licence for advertisement hoardings. Ilford. - 5 - London Borough of Redbridge Property Services’ Schedule of Non Operational Property Property Description Asset Value £ 55.
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