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Retail Property (high street) for sale

Barking Road, 75 Barking Road, Canning Town E16 4HB

Removed £400,000
1,141 sq. ft.

Property Description

Commercial information

  • 1,141 sq ft (106 sq m)

Key features

  • Class A1 & A2
  • WC/Washroom
  • Staff facilities
  • Storage area to the rear
  • National occupiers close by
  • 999 year long lease
  • Rental Income of 25,000 from the shop
  • Upward Only Rent Reviews Every 5th Year

Full description

Tenure: Leasehold

Class A1 & A2 ground floor lock up retail unit occupying a prominent high street position. The unit compromises a newly constructed open plan sales area with WC/Washroom, staff facilities and storage to the rear.
The commercial unit is let to a Remax franchisee, taking a new fifteen year lease from 04/17 until 04/29. There is currently a rental income of £25,000 per annum exclusive on the commercial part.
The retail unit is being sold on a new 999 year long lease.

Floor Area: 1,141.00

The property is located towards the southern end of Barking Road, close to the junction to Manor Road and the A13. Canning Town underground and DLR station are situated south west of the property, the other side of the A13, within close walking distance. The building is opposite phase one of the Rathbone Market redevelopment, with the further second phase along Barking Road due for completion shortly after; In the vicinity are a number of national occupiers including The Co-Operative Food Store, Nisa Extra, Ladbrokes and KFC.

Map & Street View

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