Under the Property Misdescription Act 1991 we endeavour to make our sales details accurate and reliable but they should not be relied upon as statements or representations of fact and they do not constitute any part of an offer of contract. The seller does not make any representations to give any warranty in relation to the property and we have no authority to do so on behalf of the seller. Services, fittings and equipment referred to in the sales details have not been tested (unless otherwise stated) and no warranty can be given as to their condition. We strongly recommend that all the information which we provide about the property is verified by yourself or your advisers. Under the Estate Agency Act 1991 you will be required to give us financial information in order to verify you financial position before we can recommend any offer to the vendor.
The property is situated within an established parade along the busy A124 Barking Road close to the junction with the A112 Prince Regent Lane which provides easy access to the A13 and into London.
Nearby occupiers include Tesco Express, Halifax Building Society and Paddy Power.
Comprising a shop on the ground and lower ground floors benefitting from a fore court, basement and rear vehicular access and having established A1 retail use.
The upper two floors are laid out to provide residential accommodation with a roof terrace.
The shop on the ground and lower ground floor is let from 17.02.16 to 16.02.32 with 4 yearly reviews at the current passing rent of £16,500 pax with the next review due in February 2020.
The residential accommodation is let on an Assured Shorthold Tenancy and producing £22,800 p.a.
£724,995, subject to contract.
Each party to pay their own legal costs, although an undertaking will be required to pay the sellers reasonable abortive costs should the proposed buyer decide not to proceed for any reason.
Strictly by prior arrangement via the sellers sole agent Nationwide Residential and Commercial on 020 3096 1496.