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For Sale£249,000.00

**INVESTMENT OPPORTUNITY** - A2 shop freehold for sale in Barking

Offices, Office, General Retail, Retail - High Street, Retail , 1243 Sq Ft
Property type: Offices, Office, General Retail, Retail - High Street, Retail
Tenure: Investment Opportunity, For Sale Freehold
Size: 1243 Sq Ft
Price: £249,000.00
Location: Ripple Road, Barking, IG11 9PN
Garrison Property are delighted to offer this A2 shop freehold for sale in Barking. This is a superb opportunity to acquire this investment property that is currently being offered on a vacant possession basis. The property is trading as a solicitors office but could be let out to a number of different businesses for a number of different uses (Subject to the relevant permissions). The shop should achieve rental income of around £1,500 PCM making a yield of just over 7%.

The unit is currently split into 5 separate offices, but can be rearranged to suit any potential owner/tenant. The flat above the property has been sold on a long leasehold that will in December 2084. The ground rent is £5 per annum.

The property is located in Barking, in close proximity to local amenities and about a 10 minute walk to the High Street. The area is a mixture of commercial and residential and due to this the unit will get a good passing trade. Barking train station and Vicarage Field Shopping Centre is situated in close proximity to the property and a number of bus routes service the area.

Price: Offers in the region of £249,000
Estimated rental income: £18,000 per annum
Size (Approx): Gross internal area for the ground floor: 1,243 sq ft (115.47 sq m)
Rates: £3,443 per annum

Viewing strictly by appointment with Garrison Property


Disclaimer

Garrison Property endeavours to maintain accurate depictions of its properties in descriptions, however, these are intended only as a guide. These particulars do not constitute or form part of any offer or contract, nor may they be regarded as representations. All interested parties must verify their accuracy.Whilst every effort has been made to ensure accuracy this cannot be guaranteed.
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