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.
  • Lot
    17
  • Auction
    13/Dec/2021
  • Rent
    £126,306 per Annum Exclusive
  • Status
    Available
  • Price*
    £2,950,000
  • Sector
    Development
  • Auction Venue
    Live Streamed Auction
Important Update
  • Former The Bull PH, Rainham Road South, Dagenham, London, RM10 8AQ
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

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.

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

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
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)
£84,00003/06/2024
FirstResidential175.00 sq m(1,884 sq ft)INDIVIDUAL7 years from 01/09/2020
subject to Landlords rolling
option to determine the lease.
(3)
£30,00031/08/2027
RoofTelecoms Mast  HUTCHINSON 3G UK LIMITED
AND T-MOBILE UK LIMITED
10 years from 21/05/2010
until 20/05/2020
Holding Over
£12,30620/05/2020
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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    01.12.21
    File Size
    47 MB
    Login to View
  • Catalogue Page
    Updated Date
    23.11.21
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    23.11.21
    File Size
    715 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Seller's Solicitors
Gunnercooke LLP 1 Cornhill
London
EC3V 3ND
Sam Rosenthal 07941613379sam.rosenthal@gunnercooke.com

Useful Links

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