Units 1, 2, 3 & 4, 2 Barking Road, East Ham, London, E6 3BP
Property Description
The property comprises four retail units forming the corner of a larger parade, with four flats above (all sold off on long leasehold). The parade was constructed in the mid 1930's with two units facing Central Park Road and the other two facing Barking Road. The property is situated on the corner of Barking Road, at its junction with Green Street. The property is located directly adjacent to The Champions Statue, depicting the 1966 FIFA World Cup winners and is within walking distance of Up
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The accommodation comprises the following:
Unit One : - 705 Sq Ft (65.5 Sq M) & Basement (378 Sq Ft)
Unit Two : - 1,326 Sq Ft (123 Sq M) & Basement (621 Sq Ft)
Unit Three : - 804 Sq Ft (74.8 Sq M)
Unit Four : - 370 Sq Ft (34 Sq M)
Total = 3,205 Sq Ft (297.3 Sq M)
Unit One : - Let on a 12 year lease from 15.02.2024 at £18,000 P.A (Subject to a review every four years)
Unit Two : - Let on a 10 year lease from 10.04.2023 at £21,500 P.A (Subject to a mid term review)
Unit Three : - Let on a 12 year lease from 29.07.2020 - Current passing rent at £18,000 P.A (Subject to a review every four years)
Unit Four : - Let on a 5 year lease from 28.04.2017 at £10,000 P.A (Currently holding over)
PRODUCING EQUIVALENT TO £67,500 P.A.
1. Measurements have been taken from historic marketing details.
Auction Surveyor: Michael Mercer
020 8509 4406 / 07792 992 028
michael.mercer@strettons.co.uk
* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #16] Note that in addition to the purchase price there is a buyer’s administration fee [section #11] and there may be additional non-optional fixed or variable fees and costs [section #12]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.
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Units 1, 2, 3 & 4, 2 Barking Road, East Ham, London, E6 3BP
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