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Lot 32 - 689 Green Lane, Dagenham, Essex, RM8 1UU

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FREEHOLD COMMERCIAL/RESIDENTIAL INVESTMENT

Guide price: Sold Prior *

Auction Date

Tuesday, 11th July 2017 11:00am

Location & Description

A mid terrace three storey property comprising a ground floor shop and large rear yard with separate front access to a two storey maisonette above. Towards the rear is a vehicular service road.
Occupying a prominent position amongst a variety of local and multiple retailers including Coral, Santander, Greggs, Superdrug and William Hill. Goodmayes and Chadwell Heath mainline stations are both within ¾ mile.

Accommodation

Ground Floor Shop: 893 sq ft (83 sq m)
Store: 350 sq ft (32.4 sq m), WC
Rear Yard: Not measured
Let on repairing and insuring lease to World of Fruit & Veg Ltd for 10 years from 01.07.2016 at £20,000 p.a. rising to £22,550 p.a. on 01.07.2019. Rent review and tenant's break 01.07.2021. 6 month rent deposit held (£10,000)
Outside s24-28 of the Landlord & Tenant Act 1954.
First & Second Floor Maisonette (689A):
First Floor: Entrance to living room, kitchen
Second Floor: 3 rooms, bathroom, sep. WC
Let on a 12 month AST from 06.04.2017 at £1,200 pcm

Note

Potential to develop the rear yard subject to possession and consents.

EQUIVALENT TO £34,440 p.a.

EPC Rating

Shop: C & Maisonette: E

Result

Sold Prior to auction

Addendum

Equivalent rent is £34,400 p.a.

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.

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* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.