Reede Road, Dagenham, RM10

Nationwide Residential and Commercial are delighted to offer this mixed-use investment opportunity comprising a commercial unit together with two residential units, producing a current combined income of £44,100 per annum - Freehold

Location
The property is prominently situated along a busy and well-established neighbourhood parade on Reede Road, serving the surrounding densely populated residential catchment area.

The location benefits from access to the wider road network, including routes towards Dagenham Heathway, Rainham and the A13, providing convenient connections throughout East London and Essex.

The surrounding area comprises a mixture of independent retailers, local businesses and residential accommodation, creating an established local trading environment. The property is therefore well positioned as a mixed-use investment, combining a long-established commercial income stream with residential accommodation in an area of continuing rental demand.

Accommodation
Ground Floor Shop
Currently used as a tuition centre, the shop is let on a lease expiring 14.08.34 with a rent review on 15.08.29.  The property measures approximately 732 sq ft and benefits form a forecourt of 450 sq ft. The current passing rent is 12,600 pa

First Floor Flat
The two-bedroom flat is let on a 1-year lease from 01.08.25 at a current rent of £1,275 pcm

Rear Ground Floor HMO
The three-room HMO also benefit from a rear garden and is let on a 2-year lease from 06.06.26 at a current rent of £1,350 pcm

Investment
The investment provides a balanced income profile, with the shop benefiting from a lease extending to 14 August 2034, together with residential accommodation let under guaranteed rent arrangements.

In addition to the existing income, the property offers potential for future rental growth. The residential units are currently operated on a guaranteed rent basis; however, an investor who wished to take direct management of the flats may be able to achieve higher rental income.

The combination of a long-dated commercial lease, residential income and potential future income enhancement makes this an attractive opportunity for investors seeking an established mixed-use freehold with both immediate income and asset-management potential.

Tenure
Freehold, subject to the existing tenancies.

Price
Offers In Excess Of £600,000, subject to contract, are invited.

Legal Costs
Each party to pay their own legal fees. The seller will require an undertaking that the proposed buyer will pay their reasonable abortive legal fees should they decide not to proceed.

Viewing
Strictly by prior appointment via the seller-s sole agents, Nationwide Residential & Commercial on .