Former The Bull PH Rainham Road South Dagenham London RM10 8AQ
Former The Bull PH Rainham Road South Dagenham London RM10 8AQ
Freehold Retail and Land Investment with Residential Redevelopment Potential
Former Public House building on a 0.24 Hectares (0.57acres) site.
Residential Redevelopment Potential (Subject to Consents)
Opposite a majority new residential development.
Let to Local Tenant on Leases Outside the Security of Tenure Provisions of the Landlord and Tenant Act 1954 and with Landlords Option to Determine the Leases.
Freehold Retail and Land Investment with Residential Redevelopment Potential
Former Public House building on a 0.24 Hectares (0.57acres) site.
Residential Redevelopment Potential (Subject to Consents)
Opposite a majority new residential development.
Let to Local Tenant on Leases Outside the Security of Tenure Provisions of the Landlord and Tenant Act 1954 and with Landlords Option to Determine the Leases.
Lot 17
Auction 13th December 2021
Rent £126,306 per Annum Exclusive
Status Sold
Price £2,485,000
Sector Development
Auction Venue Live Streamed Auction
Property Information
Location
Miles
11 miles east of the City of London, 4 miles east of Ilford, 2.5 miles south of Romford
Roads
A13, A406 (North Circular Road), M25
Rail
Dagenham East Underground Station and Dagenham Heathway Underground
(District Line and Hammersmith & City Line). Dagenham Dock Railway Station
(C2C line to Fenchurch Street)
Air
London City Airport, London Southend Airport, London Heathrow Airport, London Gatwick Airport
Situation
The property is prominently situated on the west side of Rainham Road South at the busy roundabout junction with Ballards Road.
The immediate locality has seen major investment with a large residential scheme having been built on the south side of the roundabout less than 100 metres from the property.
Tenure
Freehold.
Location
Miles
11 miles east of the City of London, 4 miles east of Ilford, 2.5 miles south of Romford
Roads
A13, A406 (North Circular Road), M25
Rail
Dagenham East Underground Station and Dagenham Heathway Underground
(District Line and Hammersmith & City Line). Dagenham Dock Railway Station
(C2C line to Fenchurch Street)
Air
London City Airport, London Southend Airport, London Heathrow Airport, London Gatwick Airport
Situation
The property is prominently situated on the west side of Rainham Road South at the busy roundabout junction with Ballards Road.
The immediate locality has seen major investment with a large residential scheme having been built on the south side of the roundabout less than 100 metres from the property.
Tenure
Freehold.
Description
The property is a substantial, prominent and level site of approximately 0.23 Hectares (0.57 acres) upon which is a former Public House building now used as a retail on both the ground and first floors and a Car Parking. There is a telecoms last on the site.
The property may be suitable for a substantial residential redevelopment (Subject to Consents) The property is not situated in a Conservation area and is not listed. A feasibility study for a 99 unit residential scheme is available in the legal pack.
VAT
VAT is applicable to this lot.
Planning
The property may be suitable for a substantial residential redevelopment (Subject to Consents) The property is not situated in a Conservation area and is not listed. A feasibility study for a 99 unit residential scheme is available in the legal pack.
The property has NOT been listed by the London Borough of Barking and Dagenham as an Asset of Community Value. https://www.lbbd.gov.uk/community-right-to-bid
Completion Period
6 Week Completion
EPC
Band "D
Description
The property is a substantial, prominent and level site of approximately 0.23 Hectares (0.57 acres) upon which is a former Public House building now used as a retail on both the ground and first floors and a Car Parking. There is a telecoms last on the site.
The property may be suitable for a substantial residential redevelopment (Subject to Consents) The property is not situated in a Conservation area and is not listed. A feasibility study for a 99 unit residential scheme is available in the legal pack.
VAT
VAT is applicable to this lot.
Planning
The property may be suitable for a substantial residential redevelopment (Subject to Consents) The property is not situated in a Conservation area and is not listed. A feasibility study for a 99 unit residential scheme is available in the legal pack.
The property has NOT been listed by the London Borough of Barking and Dagenham as an Asset of Community Value. https://www.lbbd.gov.uk/community-right-to-bid
Completion Period
6 Week Completion
EPC
Band "D
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Basement Ground
Ancillary Retail
65.39 sq m 344.44 sq m
(703 sq ft) (3,711 sq ft)
IKPALAND ENTERPRISES UK LIMITED (CRN07372109) t/a Gospodina and Supermarket The Bull. Afro Supermarket (1)
5 years from 04/06/2019 (2)
£84,000
03/06/2024
First
Residential
175.00 sq m
(1,884 sq ft)
INDIVIDUAL
7 years from 01/09/2020 subject to Landlords rolling option to determine the lease. (3)
£30,000
31/08/2027
Roof
Telecoms Mast
HUTCHINSON 3G UK LIMITED AND T-MOBILE UK LIMITED
10 years from 21/05/2010 until 20/05/2020 Holding Over
£12,306
20/05/2020
Total
584.83 sq m
(6,298 sq ft)
£126,306
(1) Ikpaland Enterprises UK Limited (CRN 07372109) was incorporated in September 2010. (2) The lease is granted outside of the Security of Tenure provisions of the Landlord and Tenant Act 1954 and provides for the Landlord to determine the lease at any time after 4th June 2022 subject to serving 6 months written notice. (3) The lease is granted outside of the Security of Tenure provisions of the Landlord and Tenant Act 1954 and provides for the Landlord to determine the lease at any time subject to serving 6 months written notice.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
