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For Sale£1,000,000.00

New Retail Unit on Barking Road, East Ham

Retail , 4734 Sq Ft
Property type: Retail
Tenure: For Sale Freehold, For Sale Leasehold
Size: 4734 Sq Ft
Price: £1,000,000.00
Location: 150 Barking Road, E6 3BD
The unit occupies a prominent position on Barking Road, one of Newham's main thoroughfare through the borough and connects Barking to Canning Town. The 10-year All Motor Vehicle road traffic data shows an average estimated activity level of 20,113 vehicles per annum based on a datapoint immediately in front of the unit.

The premises are immediately adjacent to Boleyn Medical Centre which is a modern purpose built a medical facility which is registered for 9576 patients and hold Asthma, Child Immunisation, Learning Disability health, and Phlebotomy Clinics.

Currently under construction, the property will comprise of an end of terrace retail unit arranged over ground and basement levels. The accommodation is configured to provide a largely open plan sales area allowing for the ingoing occupant to utilise the premises in accordance to their requirements.

Converted from a Victorian public house, the premises will have impressive features including a maximum ceiling height of approximately 3.8m. Ingoing tenant to seek landlords approval for alternation prior.

The approximate ceiling height for the ground floor retail unit is approximately 3.8m and the basement is 2.35m. These measurements have been taken from architect drawings and are only provided as an indication of the size of the premises. Final build size may differ from the dimensions quoted. Interested parties are encouraged to verify these measurements for themselves.

Ground Floor 238sqm 2560sqft
Basement 202sqm 2173sqft
Total 440sqm 4734sqft

Leasehold or Freehold

Price & Terms
The leasehold interest is available on a new full repairing and insuring lease at a rent of £75,000 per annum for a term of 25 years. The Vendor is seeking £1,000,000 (one million pounds) for the freehold interest.
Pre-let enquiries will be considered for these premises.

Energy Performance & Rating
The unit is currently being developed, therefore the EPC and Rateable Value have yet to be calculated.

This property is currently not elected for VAT.

Strictly by appointment through the sole agent.
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