TYPEGeneral Retail, Mixed Use, Retail, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON10th September 2020
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).