Acquired
London RM9 – Shop & 3-Bed Maisonette
435 Porters Avenue, Dagenham, London RM9 4NDFreehold Retail and Residential Investment with Development Potential
Tenure
Freehold
Lease Term
6 Years
Years Left on Lease
Holding Over
Area
1905 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises ground floor shop and 3-bed maisonette above
- Planning application submitted for additional two studios making the total property potential of 3 flats and retail shop.
- Nearby occupiers include The Co-operative Food, Coral, Nisa Local, The Roundhouse public house and a range of local occupiers
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property comprises ground floor shop and a self-contained maisonette at first and second floor.
The property provides the following accommodation and dimensions:
Ground Floor: Shop - 92 sq m (990 sq ft)
First/Second Floor: Maisonette 85 sq m (915 sq ft)
3 Bedrooms, Kitchen, Bathroom/WC
The property provides the following accommodation and dimensions:
Ground Floor: Shop - 92 sq m (990 sq ft)
First/Second Floor: Maisonette 85 sq m (915 sq ft)
3 Bedrooms, Kitchen, Bathroom/WC
Tenancy Description
The entire property is at present let to an Individual by a way of License for a term of 6 years from 16th September 2016 at a current rent of £25,000 per annum.
Tenancies & Accommodation
Location Description
Dagenham is a densely populated London suburb situated in the London Borough of Barking and Dagenham, 3 miles south of Romford and 12 miles east of Central London. The town benefits from good road communications being situated immediately to the north of the A13, which connects Central London to the M25 Motorway some 6 miles to the east. In addition, the area is served by Dagenham Heathway London Underground Station (District Line). The property is situated within a retail parade on the south side of Porters Avenue, at its junction with Lodge Avenue (A1153) in a predominantly residential area. Occupiers close by include The Co-operative Food, Coral, Nisa Local, The Roundhouse public house and a range of local occupiers.
