379 Barking Road, East Ham, E6 1LA
Result: Sold for £399,000 Guide price: £390,000 - £400,000*
Monday, 10th December 2018 11:00am
Location & Description
A mainly two storey property comprising a ground floor shop with first floor ancillary accommodation. Towards the rear is a further two storey property which is accessed via High Street North.
On the northern side of the busy A124 Barking Road, close to the town hall and near to the junction with High Street North where there is a variety of multiple retailers including Betfred, Lloyds Bank, Paddy Power and McDonald's amongst others. East Ham underground station (District, Hammersmith & City lines) is about ½ mile away.
EQUIVALENT TO £18,000 p.a. WITH 2017 RENT REVIEW OUTSTANDING
The adjoining site (not in seller's ownership) has planning permission granted by London Borough Newham on 09.05.2018 (Ref:16/03805/FUL) to provide two retail units, a gym and 98 residential units
- Equivalent to £18,000 p.a.
- Rent Review Outstanding
- Development Potential (subject to consents)
- Adjoining Site has PP for Substantial Scheme
- EPC Rating: D
|Column 1||Column 2||Column 3|
|Ground Floor:||635 sq ft||(59 sq m)|
|First Floor:||300 sq ft||(27.8 sq m)|
|Ground Floor:||312 sq ft||(29 sq m)|
|First Floor:||312 sq ft||(29 sq m)|
|The entire property is let on a repairing and insuring lease to Paul John Barter (trading as a beds/furniture store) for 15 years from 08.03.2011 at £18,000 p.a. Rent reviews 2017 (outstanding) and 3 yearly.|