Property for sale

404 Barking Road

Under Offer £350,000

Property Description

Key features

  • Busy secondary location close to Canning Town Regeneration Area
  • Asset Management Opportunities
  • Ability to enhance income
  • Low capital value

Full description

Tenure: Freehold

Location

The property is situated on the south side of the Barking Road (A124) close to the cross-roads with Balham Street and New Barn Street. A number of multiple retailers are located nearby, including The Post Office, Iceland, Paddy Power, and Ladbrokes. The premises are also close to the new major redevelopment of Rathbone Market in Canning Town.

Public Transport facilities are also within the local area such as Canning Town, providing links to underground (Jubilee Line) and DLR Services, less than 1 mile away. There is also several bus routes that stop outside the shop. Newham’s New Vic 6th form college is approximately 0.5 miles east of the unit whilst Newham’s University Hospital is approximately 0.8 miles in the same directions.
London City Airport is approximately 2.5 miles south of the subject property.

Description

The 2 storey mixed use property is arranged to provide a ground floor shop and a self-contained 2 bed maisonette plus basement storage and rear yard.






























ACCOMMODATION



PRESENT LESSEE



LEASE TERMS



CURRENT RENT



NEXT REVIEW / REVERSION



 


Ground floor shop


 



Mr Mumitaz Butt


t/a Dani Barbers



 


8 years FRI with effect from 24<sup>th</sup> June 2011



£7,000 pax



Lease expiring on 24<sup>th</sup> June 2019



 


2 bed maisonette


Plus basement


Plus garden


 



 


Mr Kareem Teslim



 


 


Assured Shorthold  Tenancy (6 months), with effect from 29<sup>th</sup> Sept 2015. Holding over 


 



£800.00 pcm



 


*


 


 


Holding over



 


*Estimated rental valuation of Maisonette £1,400pcm



 

Legal Costs

Each party to bear their own legal costs incurred in this transaction, subject to the prospective purchaser solicitors undertaking to pay the landlord’s abortive costs if the prospective purchaser withdraw from the transaction.

Viewings

Strictly by appointment through the sole agent


Listing History

Added on Rightmove:
11 April 2017

Nearest stations

  • Plaistow (0.6 mi)
  • Star Lane (0.9 mi)
  • Custom House (0.9 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Dobbin & Sullivan, London

415 High Street, London, E15 4QZ

020 8012 5681 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Plaistow (0.6 mi)
  • Star Lane (0.9 mi)
  • Custom House (0.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Dobbin & Sullivan, London

415 High Street, London, E15 4QZ

020 8012 5681 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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