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Genoa Building,London Road & North Street,Barking,Essex,IG11 8FJ

Sold STC 312 sq. ft. | £62,500

Property Description

Commercial information

  • 312 sq ft (28 sq m)
  • Use class orders: A1 Shops and A2 Financial and Professional Services

Full description

Tenure: Leasehold

LOCATION:
The units are located on the junction of London Road and North Road within the London Borough of Barking & Dagenham. London Road provides direct access to Barking Town Centre where there are a number of new residential and commercial developments in the vicinity. National multiples within the immediate area include Holland & Barrett, McDonalds, Boots the Chemist, Iceland, O2 and Travelodge Hotel.

Barking Station is approximately 5 minutes walk (0.3 miles) from the property. The station gives access to the Hammersmith & City Underground line and an overground service to London Fenchurch Street (in circa 15 minutes).


DESCRIPTION:
Three vacant retail units offered in a shell condition. One unit has an unusually high ceiling over 12 meters and provides an opportunity for a mezzanine level. Unit one is on London road with units two and three on North Street. The units benefit from A1/A2 and B1 use. The accommodation available is as follows:

Unit 1: 28.97m / 312 ft
Unit 2: 30.22m / 325 ft - potential for mezzanine
Unit 3: 59.81m / 644 ft - potential for mezzanine

PRICES:
Unit 1: 6,250 p.a.x. / 62,500 - 125 year Long Leasehold
Unit 2: 6,500 p.a.x. / 65,000 - 125 year Long Leasehold
Unit 3: 13,000 p.a.x. / 130,000 - 125 year Long Leasehold

LEASE:
A new Full Repairing and Insuring Lease for a term to be agreed.

RATES:
London Borough of Barking & Dagenham
Rateable Values for the units are still to be assessed.

FLOOR PLAN:
Available on request.

LEGAL COSTS:
Each party to bear their own legal costs incurred in this transaction with the ingoing tenant to give an undertaking for the landlord's abortive legal costs should they withdraw from the transaction.

VIEWING:
Strictly by appointment through the landlord's sole agents.


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