252 & 252a Rainham Road South, 252 Rainham Road South, Dagenham, Essex, RM10 7UU

  • Retail, Investment
  • 1,508.14 sq ft
  • For Sale
252 & 252a Rainham Road South, Dagenham, Retail, Investment For Sale - PHOTO-2020-11-05-21-33-27.jpg
252 & 252a Rainham Road South, Dagenham, Retail, Investment For Sale - IMG_0329.jpg
252 & 252a Rainham Road South, Dagenham, Retail, Investment For Sale - IMG_0331.jpg
252 & 252a Rainham Road South, Dagenham, Retail, Investment For Sale - PHOTO-2020-11-05-21-33-28.jpg
252 & 252a Rainham Road South, Dagenham, Retail, Investment For Sale - PHOTO-2020-11-05-21-33-27 (4).jpg
Property Type Retail, Investment
Availability For Sale
Size 1,508.14 sq ft
Price Offers invited in excess £375,000 subject to contract and existing tenancy as above, for the freehold interest in the property.
Business Rates Rateable value of £9,256. We believe this will benefit from exemption of business rates but we recommend any ingoing tenant make their own enquiries to the local authority for further confirmation.
Energy Performance Rating Upon enquiry

Shop and flat freehold property invest soon to be made available with vacant possession.

Key Features

  • Freehold Investment in Busy London Suburb
  • Asset Management Opportunity to Substantially Enhance Income by Re-Letting Shop and Flat Separately
  • Approx. 830 Metres From Dagenham East Underground Station (District Line)

Location

The premises are situated within the London Borough of Barking and Dagenham approximately 10.5 miles north-east of the City of London.

The property lies facing Rainham Road South (A1112) close to the major cross-roads junction with Rainham Road North, Dagenham Road and Oxlow Lane. The A13 which runs westwards towards the City and eastwards to Rainham and connects with the M25 2.4 miles to the south whilst the A12 lie equidistant to the north, providing connections to the M25 and A406.
Dagenham East Station (District Line) lies 0.5 miles to the South of the premises, additionally there are a number of bus services to local surrounding areas.

Available area

Floor / UnitDescriptionSizeAvailability
G Shop 648 sq ft Available
G Residential 193 sq ft Available
1st Residential 667.36 sq ft Available

Description

The subject property comprises a two storey building with the commercial ground floor unit and the first floor residential accessed via a separate front door leasing to a refurbished 2 bedroom maisonette benefitting from a large rear garden.

Accomodation

 

Address

Present Lessee

Accommodation

Gross internal area

Lease Terms

Current total rent

Reversion

252 Rainham Road South, Dagenham, RM10 7UU

Coral Estates Lts

 

60.26m2 / 648.63 ft2

15 year lease from 1st March 2006

£14,500 pax

28th February 2021

252A Rainham Road South, Dagenham, RM10 7UU

As above

Ground: 17.91m2 / 192.78 ft2
First: 62.00 m2 / 667.36 ft2

Total: 79.91 m2 / 860.14 ft2

As above

Nil

As above

Total Rent

 

 

 

£14,500 pax

 

Council Tax

Council Tax Band C

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 withdraw from the transaction.

Viewings

Strictly by appointment through the sole agent.

The property is not elected for VAT