318 Barking Road, London, E13 8HL

  • Retail, Investment
  • 1,269 sq ft
  • For Sale
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Property Type Retail, Investment
Availability For Sale
Size 1,269 sq ft
Price Offers in Excess of £325,000
Business Rates £4,141.20 per annum (based on rateable value of £8,400)
Energy Performance Rating This property has been graded as C (65)

Freehold Investment Property With Redevelopment Opportunity

Key Features

  • Development / Extension Opportunity (Subject to all usual necessary consents)
  • Ability to Increase Income
  • Busy Secondary Location

Location

The property is located on Barking Road, a busy through road linking East London and Barking. The property lies 0.4 miles from the A13 providing links to Central London or towards Essex and the UK’s motorway network. The property is close-by to the large redevelopment area of Rathbone Market in Canning Town.
The closest rail link is Canning Town with access to both the Jubilee Line and DLR. London City airport is approximately 2.5 miles away.
Local retailers include Iceland, Paddy Power, The Post Office and Ladbrokes.

Description

The three storey commercial building comprises a ground floor retail and office space tenanted by Roma Support Group. Roma support Group occupy the majority of the premises excluding one room on the first floor occupied by Glory Accountants Ltd. The property adjoins a significantly taller building to the west. There may be potential to extend the property considerably. Floor plans are available on request.

Legal costs

Each party to bear their own legal costs incurred in this transaction, subject to the prospective purchaser solicitors undertaking to pay the landlord’s abortive costs if the prospective purchaser withdraws from the transaction.

Viewing

Strictly by appointment only with Landlord’s sole agents.

Accomodation Tenant Lease Terms Current Rent
Ground, Part 1st, 2nd floors Roma Support Group Two years from April 2016 £18,000*
Part 1st floor Glory Accountants Ltd Uncapped term from 21st May 2007 £2,480.04*

* Gross rent. Landlord responsible for rates, cleaning and various other outgoings. Further tenancy information available on request.