51 East Street Barking London IG11 8EJ

51 East Street
Barking
London
IG11 8EJ

Freehold Retail and Residential Investment

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*
Contact Us
Auction Venue
Live Streamed Auction

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Freehold Retail and Residential Investment

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* Contact Us
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

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.