3 bedroom commercial property for sale

Rowallen Parade, Green Lane, Dagenham, RM8

£550,000

Property Description

Key features

  • Bathroom
  • Bedroom
  • Central Heating
  • Garage
  • Garden
  • Shower Room
  • Reception
  • Parking
  • Kitchen
  • Lounge

Full description

Tenure: Freehold

Brian Thomas are pleased to offer this lucrative commercial free hold & Residential long term investment opportunity with good return which can be further inceased. The Property include Ground floor retail premises with 2 flats and rear yard. At the moment the property is generating 29,400.00 per year which makes 6.3% return on investment which can go up to 9% potentailly

- Commercial
- Freehold
- Furnished or Unfurnished
- Garage
- Off-street Parking
- Parking
- Garden
- Back Garden

Retail Premises :-

** Shop Floor:---------- 26.65 x 16.20 ft

** Second Room: ----- 4.08 x 10.10 ft

** Third Room: -------- 10.10 x 8.98 f t

** Forth Room:--------- 10.48 x 10.51 ft

** Kitchen: -------------- 9.87 x 10.94 ft



Rent Break down:-



** Shop achieving--------------- 18,000 pa

** One Bedroom Flat achieving 7,800.00

** Two Bedroom Flat achieving 9,600.00

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** CURRENT RENTAL INCOME 35,400.00

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Further rental can be increased as follwoing:-



1) Loft can be turn in to 1 bed flat min. rent acievaable down side 7000pa

2) Rear Yard can be turn into warehouse rent acievable down side 8000pa



After done up another 1 bed flat and rear warehouse total rent can go upto 50,000 + which makes up 9% return.



Key FEATURE;-



Investment property

Large commercial shop

Two flats above (1 and 2 bed flats)

Located on Green Lane

Freehold

Current rental income 35000.00 (6%)

Total potentail rental income of 50,000 per annum ((9%)

viewing by appointment with this office Seven Kings
open 6 days a week - weekdays 9.00am - 6.00p.m.
saturdays 9.30a.m - 5.30p.m

Nearest stations

  • Goodmayes (0.5 mi)
  • Chadwell Heath (0.5 mi)
  • Seven Kings (1.0 mi)
Distances are straight line measurements

To view this property or request more details, contact:

Brian Thomas, Seven Kings

412 Green Lane, Seven Kings, Ilford, IG3 9JX

020 3324 6501 Local call rate

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Disclaimer

Property reference 6818. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Brian Thomas, Seven Kings. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.