713 Green Lane Dagenham Essex RM8 1UU

713 Green Lane
Dagenham
Essex
RM8 1UU

Freehold Retail and Residential Investment

Entirely let on overriding lease until 2029 (no breaks)
Comprises shop (with separate lean-to) and residential accommodation on upper floors
Prominent position on busy arterial route between A12 and A13
Nearby occupiers include Greggs, Santander, Co-Operative Food and Superdrug
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
2
Auction
9th July 2015
Rent
£23,000 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail and Residential Investment

Entirely let on overriding lease until 2029 (no breaks)
Comprises shop (with separate lean-to) and residential accommodation on upper floors
Prominent position on busy arterial route between A12 and A13
Nearby occupiers include Greggs, Santander, Co-Operative Food and Superdrug
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 2
Auction 9th July 2015
Rent £23,000 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 3 miles south-east of Romford; 6 miles east of Stratford; 12 miles north-east of Central London
Roads: A12, A13, A406 (North Circular Road), M25 (Junction 28, 29),; M11 (Junction 12)
Rail: Goodmayes and Chadwell Heath Railway Stations,; Becontree (District Line), Dagenham Heathway (District Line)
Air: London City Airport

Situation

The property is situated in a prominent corner position on the north side of the busy Green Lane at its junction with Burnside Road equidistant between Romford and Ilford. Nearby occupiers include Greggs, Santander, Co-Operative Food and Superdrug, as well as a number of independent retailers. Goodmayes Railway Station is located less than 1 mile to the north-west.

Tenure

Freehold.

Location

Miles: 3 miles south-east of Romford; 6 miles east of Stratford; 12 miles north-east of Central London
Roads: A12, A13, A406 (North Circular Road), M25 (Junction 28, 29),; M11 (Junction 12)
Rail: Goodmayes and Chadwell Heath Railway Stations,; Becontree (District Line), Dagenham Heathway (District Line)
Air: London City Airport

Situation

Tenure

Freehold.

Description

The property comprises retail accommodation on the ground floor (arranged as a shop and separate lean-to) with a maisonette on the first and second floors.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground First & Second	Retail (Shop and lean-to) Residential	93.74 sq m -	(1,009 sq ft) (-)	INDIVIDUAL (1)	20 years from 16/03/2009 until 2029 on a full repairing and insuring lease	£23,000	16/03/2019 & 16/03/2024
Total Commercial Area		93.74 sq m	(1,009 sq ft)			£23,000

(1) The Vendor has received an application for an assignment of the lease to another individual, with a proposed 3 month rent deposit given on assignment. We understand the tenant sublets the maisonette.