Property photos
Freehold
£565,000
(£468.49/sq. ft)
Property for sale
Barking Road, London E61,206 sq. ft
Local area information
Property location
Nearby amenities
- Nelson Primary School 0 miles
- Langdon Academy 0.2 miles
- East Ham 0.6 miles
- Barking 0.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Freehold investment
- Comprising shop & 2-bedroom maisonette
- Current income £21,300 per annum
- Rent review outstanding on the shop
- Barking Road location
- Rare opportunity
** freehold shop & maisonette for sale ** - The property is situated to the southern side of Barking Road (A124) on the corner of Ranelagh Road, in an established retail and residential area. The closest train stations are East Ham (Circle) and Barking (Circle & Overground). Comprising a 3-storey corner property of traditional masonry construction. The ground floor trades as a dry cleaners and there is a 2-bedroom maisonette at 1st and 2nd floor level with access from Ranelagh Road. To the rear of the property is a small yard area. The shop is let on a 10 year full repairing and insuring lease from March 2018 at a current rent of £9,600 per annum. There is an outstanding rent review from March 2023. The maisonette is let on a current Assured Shorthold Tenancy Agreement at £975 per calendar month equating to £11,700 per annum. Please call Clarke Hillyer on for further information.
Location
The property is situated to the southern side of Barking Road (A124) on the corner of Ranelagh Road, in an established retail and residential area. The A406, A13 and M25 are all accessible from the premises and the area is served by local buses. The closest train stations are East Ham (Circle) and Barking (Circle & Overground).
Description
Comprising a 3-storey corner property of traditional masonry construction. The ground floor trades as a dry cleaners and there is a 2-bedroom maisonette at 1st and 2nd floor level with access from Ranelagh Road. To the rear of the property is a small yard area. The premises are more particularly described as follows:
Ground Floor Shop: 546 sq ft (80.7 sq m). Kitchen and toilet facilities included.
First Floor Residential: Lounge, kitchen, bathroom.
Second Floor Residential: 2 bedrooms.
All areas are approximate only.
Tenancies
The shop is let on a 10 year full repairing and insuring lease from March 2018 at a current rent of £9,600 per annum. There is an outstanding rent review from March 2023. The lease is inside the Landlord & Tenant Act 1954.
The maisonette is let on a current Assured Shorthold Tenancy Agreement at £975 per calendar month equating to £11,700 per annum.
Terms
The freehold is available, subject to the current tenancy agreements, for £565,000.
Business Rates
The London Borough of Newham have informed us that the shop has a rateable value of £12,750 under the 2023 Valuation List.
Council Tax
The maisonette falls within Council Tax Band B.
Viewings
Strictly via sole agents Clarke Hillyer, tel .
Epc
The shop has an Energy Performance Certificate rating of A. The flat has an EPC rating of D.
Location
The property is situated to the southern side of Barking Road (A124) on the corner of Ranelagh Road, in an established retail and residential area. The A406, A13 and M25 are all accessible from the premises and the area is served by local buses. The closest train stations are East Ham (Circle) and Barking (Circle & Overground).
Description
Comprising a 3-storey corner property of traditional masonry construction. The ground floor trades as a dry cleaners and there is a 2-bedroom maisonette at 1st and 2nd floor level with access from Ranelagh Road. To the rear of the property is a small yard area. The premises are more particularly described as follows:
Ground Floor Shop: 546 sq ft (80.7 sq m). Kitchen and toilet facilities included.
First Floor Residential: Lounge, kitchen, bathroom.
Second Floor Residential: 2 bedrooms.
All areas are approximate only.
Tenancies
The shop is let on a 10 year full repairing and insuring lease from March 2018 at a current rent of £9,600 per annum. There is an outstanding rent review from March 2023. The lease is inside the Landlord & Tenant Act 1954.
The maisonette is let on a current Assured Shorthold Tenancy Agreement at £975 per calendar month equating to £11,700 per annum.
Terms
The freehold is available, subject to the current tenancy agreements, for £565,000.
Business Rates
The London Borough of Newham have informed us that the shop has a rateable value of £12,750 under the 2023 Valuation List.
Council Tax
The maisonette falls within Council Tax Band B.
Viewings
Strictly via sole agents Clarke Hillyer, tel .
Epc
The shop has an Energy Performance Certificate rating of A. The flat has an EPC rating of D.
There are some planning applications within 0.5 miles of this home
Assess how they might enhance or detract from this home’s value.
Floor plans and tours
Floor plans (1)
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Listed by
Clarke Hillyer
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Property descriptions and related information displayed on this page are marketing materials provided by - Clarke Hillyer. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Clarke Hillyer for full details and further information.