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Freehold Investment With Development Opportunity

Vacant three bedroom maisonette

590 Longbridge Road,  Barking, 
ESSEX RM8 2AR


Available to buy freehold

Price: £310,000 subject to contract

Net internal area: 65.77 sq.m. (707 sq.ft.)


Gilbox

18961



Ownership: Freehold
Price: £310,000 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 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: 65.77 sq.m. (707 sq.ft.)  comprising:
Main Retail Area42.08 sq.m.
452 sq.ft.

Ancillary areas23.69 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: Barking and Dagenham
2010 Rateable Value: £5,400    Estimated Rates Payable: £1,186 per annum
Viewings: By prior appointment with Gilmartin Ley, telephone 020 8882 0111 - Click here for Enquiries
Reference: 18961    Updated: 02 Sep 2010
Documentation:
  • Ground Floor Lease
  • PDF Details

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Location