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AGENT'S DETAILS


277 Wood Lane, Dagenham, Essex RM8

For sale: £440,000.00|1870 Sq Ft|General Retail, Mixed Use, Retail, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£440,000.00
SIZE1870 Sq Ft
ADDRESS277 Wood Lane, Dagenham, Essex RM8
TYPEGeneral Retail, Mixed Use, Retail, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON10th September 2020

DESCRIPTION

An unbroken freehold property in Dagenham. The building comprises a commercial unit over the ground floor and a 3 bedroom flat over the first and second floors above.

The commercial unit measures circa 720 sqft and is let to a dry cleaners. The business has occupied the property since the 1960's and so are well established. A new lease was granted to these tenants this year. This is for an 18 year term with a break option at year 10. The passing rent is £15,000 per annum. The first and second floors are arranged as a split-level 3 bedroom apartment. This unit measures circa 1,150 sqft and is self-contained, with its own access from the rear of the building. The flat has a separate kitchen and living room, and is let on an AST for £1,500 PCM (or £18,000 per annum).

LOCATION

Location: 277 Wood Lane, Dagenham, Essex RM8

Dagenham Heathway (1.0 miles)

Dagenham East (1.2 miles)

Becontree (1.2 miles)

Chadwell Heath (1.0 miles)

Goodmayes (1.6 miles)

Dagenham Dock (1.7 miles)

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