Shop lease Regeared for 10 years until 2035 (Subject to Option) t/a PaddyPower
Includes a separately let 5 room maisonette
Strong trading position in Prime pedestrianised retail street
200 metres from Barking Railway Station
Nearby occupiers include McDonalds, Boots, Asda Superstore, Superdrug, Holland & Barrett, JD Sports and The Gym Group
Lot 33
Auction 18th September 2025
Rent £76,000 per Annum Exclusive
Status Available
Guide* £900,000
Sector High Street Retail, Residential
Auction Venue Live Streamed Auction
Property Information
Location
Miles
9 miles east of Central London
Roads
A406, A13, A123, A124
Rail
Barking Railway Station (Overground, Circle, Hammersmith & City, District Lines)
Air
London City Airport, London Gatwick Airport, London Heathrow Airport
Situation
Barking is a popular east London suburb that has seen significant recent investment and regeneration. The property is prominently situated in a strong trading position on the north side of the pedestrianised East Street, some 200 metres from Barking Railway Station. Barking benefits from excellent rail (overground, Circle, Hammersmith & City and District Line), and road (A406 - North Circular Road, A13,) connections into Central London. Nearby occupiers include McDonalds, Boots, Asda Superstore, Superdrug, Holland & Barrett, JD Sports and The Gym Group.
Tenure
Freehold.
Location
Miles
9 miles east of Central London
Roads
A406, A13, A123, A124
Rail
Barking Railway Station (Overground, Circle, Hammersmith & City, District Lines)
Air
London City Airport, London Gatwick Airport, London Heathrow Airport
Situation
Barking is a popular east London suburb that has seen significant recent investment and regeneration. The property is prominently situated in a strong trading position on the north side of the pedestrianised East Street, some 200 metres from Barking Railway Station. Barking benefits from excellent rail (overground, Circle, Hammersmith & City and District Line), and road (A406 - North Circular Road, A13,) connections into Central London. Nearby occupiers include McDonalds, Boots, Asda Superstore, Superdrug, Holland & Barrett, JD Sports and The Gym Group.
Tenure
Freehold.
Description
The property comprises a ground floor shop together with a 5 room maisonette on the upper two floors, which benefits from being separately accessed from the rear via London Road.
VAT
VAT is applicable to this lot.
Note
The Special Conditions of Sale provide for the Buyer to pay to the Seller on completion, a contribution to the Seller's costs in addition to the purchase price.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor shop together with a 5 room maisonette on the upper two floors, which benefits from being separately accessed from the rear via London Road.
VAT
VAT is applicable to this lot.
Note
The Special Conditions of Sale provide for the Buyer to pay to the Seller on completion, a contribution to the Seller's costs in addition to the purchase price.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review / (Reversion)
Ground
Retail
121.05
(1,302)
POWER LEISURE BOOKMAKERS LIMITED (CRN: 03822566) t/a PaddyPower (1)
10 years from 10th July 2025 (1)
£40,000
10th July 2030 (9th July 2035)
First Second
5 room maisonette
-
-
INDIVIDUAL
Let on an Assured Shorthold Tenancy for a term of 3 years from 22nd July 2025 (2)
£36,000 (2)
(21st July 2028)
Total Approximate Commercial Floor Area
121.05
(1,302) (3)
£76,000
(1)As to the ground floor retial unit, the lease provides to a tenant option to determine the lease on 10th July 2030, subject to serving 6 months written notice. For the year ending 31/12/2024 Power Leisure Bookmakers Limited (crn 03822566) reported Turnover of £1,373,886,000 and a Pre-Tax Profit of £150,871,000. (Source: Directors report and Financial statements as published at Companies House 29/08/2025) (2) At o the maisonette, the tenancy agreement provides for the rent to be £3,000 per calendar month. the rent shown above has been annualised. The tenancy provides for a mutual option to determine the tenancy on the 10th month on serving 2 months written notice. (3) The commercial floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
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.
