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AGENT'S DETAILS


London RM9 - Freehold Retail and Residential Investment with Development Potential

For sale: £490,000.00|2000 |Retail, Residential

PROPERTY DETAILS

FOR SALE£490,000.00
SIZE2000
ADDRESS435 Porters Avenue, Dagenham, London RM9 4ND
TYPERetail, Residential
TENUREDevelopment Opportunity, For Sale Freehold
POSTED ON2nd April 2021

DESCRIPTION

Investment Consideration:
Gross Initial Yield: 5.10%
Rental Income: £25,000 p.a.
VAT is NOT applicable to this property
Comprises ground floor shop and 3-bed maisonette above
Planning application submitted for additional two studios making the total property potential of 3 flats and retail shop.
Nearby occupiers include The Co-operative Food, Coral, Nisa Local, The Roundhouse public house and a range of local occupiers.

Property Description:
The property comprises ground floor shop and a self-contained maisonette at first and second floor.

The property provides the following accommodation and dimensions:
Ground Floor: Shop - 92 sq m (990 sq ft)
First/Second Floor: Maisonette - 85 sq m (915 sq ft)
3 Bedrooms, Kitchen, Bathroom/WC

Tenancy:
The entire property is at present let to an Individual by a way of License for a term of 6 years from 16th September 2016 at a current rent of £25,000 per annum.

Location:
Dagenham is a densely populated London suburb situated in the London Borough of Barking and Dagenham, 3 miles south of Romford and 12 miles east of Central London. The town benefits from good road communications being situated immediately to the north of the A13, which connects Central London to the M25 Motorway some 6 miles to the east. In addition, the area is served by Dagenham Heathway London Underground Station (District Line). The property is situated within a retail parade on the south side of Porters Avenue, at its junction with Lodge Avenue (A1153) in a predominantly residential area. Occupiers close by include The Co-operative Food, Coral, Nisa Local, The Roundhouse public house and a range of local occupiers.

LOCATION

Location: 435 Porters Avenue, Dagenham, London RM9 4ND

Becontree (0.6 miles)

Upney (0.6 miles)

Dagenham Heathway (1.4 miles)

Barking (1.4 miles)

Dagenham Dock (1.6 miles)

Goodmayes (1.7 miles)

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