London City Airport, London Heathrow Airport, London Gatwick Airport, London Southend Airport
Situation
Green Lane (A1083) is a busy aerial route from Ilford to Dagenham. The property is situated on the south side of Green Lane opposite its junction with Mayfield Road and adjacent to Goodmayes Park. Neighbouring occupiers include an eclectic mix of local independent retailers and cafes.
Tenure
Freehold.
Location
Miles
3 miles south-east of Romford, 6 miles east of Stratford, 7 miles east of the City of London, 12 miles north-east of Central London
London City Airport, London Heathrow Airport, London Gatwick Airport, London Southend Airport
Situation
Green Lane (A1083) is a busy aerial route from Ilford to Dagenham. The property is situated on the south side of Green Lane opposite its junction with Mayfield Road and adjacent to Goodmayes Park. Neighbouring occupiers include an eclectic mix of local independent retailers and cafes.
Tenure
Freehold.
Description
The property comprises an end of terrace mixed used building with self-contained retail accommodation on the ground floor and 2 x self-contained 1 bedroom flats on the upper two floors. The property benefits from 4 car parking spaces at the rear. The property may also benefit from being extended, subject to consents.
VAT
VAT is not applicable to this lot.
Completion Period
Six week completion
EPC
Band C (Retail). Band D & E (Residential)
Description
The property comprises an end of terrace mixed used building with self-contained retail accommodation on the ground floor and 2 x self-contained 1 bedroom flats on the upper two floors. The property benefits from 4 car parking spaces at the rear. The property may also benefit from being extended, subject to consents.
VAT
VAT is not applicable to this lot.
Completion Period
Six week completion
EPC
Band C (Retail). Band D & E (Residential)
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
Reviews/(Reversion)
Ground and 2 x Car Parking Spaces
Retail
63.59 sq m
(684 sq ft)
EVERYCHILD SERVICES LIMITED (CRN 10483322) (1)
15 years from 14/12/2020 until 2035 (2)
£12,000
14/12/2025 and 2030 (14/12/2035)
First
1 Bedroom Flat
47.74 sq m
(513 sq ft)
INDIVIDUAL
Assured Shorthold Tenancy 1 year from 17/11/2021
£9,960
(16/11/2022)
Second
1 Bedroom Flat
36.61 sq m
(404 sq ft)
INDIVIDUAL
Assured Shorthold Tenancy 6 months from 14/08/2015
£8,400 (5)
Holding Over
2 x Car Parking Spaces
Car Park
INDIVIDUALS t/a N & S Auto Repairs
10 years from 5/11/2021 (3)
£400
04/11/2031
Total Approximate Floor Area
147.94 sq m
(1,601 sq ft) (4)
£30,760
(1) Everychild Services Limited was incorporated in 2016 and operates from Dagenham and South Woodford. (www.everychild.services/about) (2) As to the ground floor retail unit the lease provides for a mutual option to determine the lease on 14/12/2030. The Seller is holding a rent deposit of £3,000. (3) The 2 x Car Parking Spaces are occupied on a license that provides for an annual mutual option to determine subject to serving 3 months notice. (4) The Residential floor areas stated above are Gross Internal Areas. (5) As to the second floor the rent stated above has been annualised.
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.
