1-1A & 3 Reede Road, Dagenham, Essex, RM10 8DP
Guide price: Withdrawn*
Tuesday, 5th December 2017 11:00am
Location & Description
A pair of shops (one double fronted) plus rear access to self-contained storage accommodation on two upper floors. Forming part of a local parade at the junction with Heathway where there are a variety of multiple retailers including Nationwide, Papa John's, H&T Pawnbrokers and Swinton. Heathway shopping centre and Dagenham Heathway underground station (District line) are within a short walking distance.
No.1/1A Ground Floor Shop: 930 sq ft (86.4 sq m) plus kitchen and 2 WCs
First & Second Floor Storage: 1,744 sq ft (162 sq m) - Based on VOA
Let on a repairing and insuring lease to Spicerhaart Property Services Ltd (with guarantor) for 5 years from 17.11.2015 at £26,500 p.a. Tenant's break 17.11.2018 on 6 months notice.
No.3 Ground Floor Shop: 430 sq ft (40 sq m) plus kitchen/store, WC
Let on a repairing and insuring lease to Moving Pad Ltd for 10 years from 25.03.2008 at £13,500 p.a. Provisions of sections 24-28 of the Landlord & Tenant Act 1954 (security of tenure) are excluded in relation to this tenancy.
Held on two 99 year leases from 25.03.1928 (about 9¼ years unexpired) at a total ground rent of £28 p.a.
VAT is payable
EQUIVALENT TO £40,000 p.a.
- Leasehold Commercial Investment
- Equivalent £40,000 p.a.
- Close to Heathway Shopping Centre & Dagenham Heathway Underground Station
- EPC Rating: C
Tel: 020 8662 2700
Ref: David Rundle