#| |# Strettons - 1-1A & 3 Reede Road, Dagenham, Essex, RM10 8DP

LOT 32

1-1A & 3 Reede Road, Dagenham, Essex, RM10 8DP

LEASEHOLD COMMERCIAL INVESTMENT
Guide price: Withdrawn*

Auction Date

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.

Accommodation

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.

Lease Details

Held on two 99 year leases from 25.03.1928 (about 9¼ years unexpired) at a total ground rent of £28 p.a.

Note

VAT is payable

EQUIVALENT TO £40,000 p.a.

Property Features

  • Leasehold Commercial Investment
  • Equivalent £40,000 p.a.
  • Close to Heathway Shopping Centre & Dagenham Heathway Underground Station
  • EPC Rating: C

Status

Withdrawn Prior to Auction

Joint Auctioneer

SHW

SHW
Tel: 020 8662 2700
Ref: David Rundle

* 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.