Freehold Shop and Upper Parts Investment With Development Potential For Sale Barking RM8

PRICE REDUCED

590 Longbridge Road, Barking,
ESSEX RM8 2AR

£275,000 subject to contract

Net internal area: 166.30 sq.m. (1790 sq.ft.)

Gilbox

18961

Ownership:

Freehold

Price:

£275,000 subject to contract

Location:

The subject property is located on the south side of Longbridge Road (A124) just west of the junction with Lodge Avenue in a predominantly residential area between Barking and Dagenham.

Becontree Underground station (District Line) and Goodmayes mainline station are one mile to the south-east and north respectively.

Description:

A three storey 1930’s built mid-terraced building with three storey back addition. There is a single storey building at the rear linked to the main building by way of an enclosed yard. There is a rear vehicular access road.

The ground floor shop is operated as a Dry Cleaners and there is a self-contained residential maisonette on the first and second floors rear access. The maisonette subject to planning consent could be converted to form two self-contained one bedroom flats.

Accommodation:

Net internal area: 166.30 sq.m. (1790 sq.ft.) comprising:

Main Retail Area	42.08 sq.m.	452 sq.ft.
Storage areas	23.69 sq.m.	254 sq.ft.

Plus:

Upper Maisonette 100.70m² (1083 sq.ft.)

Terms:

Freehold subject to a full repairing and insuring lease on the ground floor shop for a term of 16 years from 29th September 1997 at a current rent of £7,000 per annum exclusive with rent review due 29th September 2010. The maisonette is offered with vacant possession.

Legal fees:

Each party bears own legal fees

Local authority:

London Borough of Barking and Dagenham

2010 Rateable Value:

£5,400 Estimated Rates Payable: £1,242 per annum

Viewings:

By prior appointment with Gilmartin Ley, telephone 020 8882 0111 - Click here for Enquiries

Reference:

18961 Updated: 10 Jan 2012

Download more information:

Ground Floor Lease

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