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.
  • 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
Important Update
  • Expand
  • Photos
  • Map

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

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
  • 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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • 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 060 519john.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

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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