708 Green Lane, Dagenham, London, RM8

Location

The premises occupies a prominent position situated on a secondary parade of shops at the eastern end of Green Lane (A1083). Goodmayes Railway Station is in close proximity to the site, located 0.5 miles North-West of the site providing direct access to Liverpool Street Station. It is also subject to the new Crossail scheme. On-street parking can be found to the front of the property operable by way of pay and display.

Accommodation

Mid-terrace mixed-use building arranged as retail premises at ground floor level with upper parts configured as a split-level maisonette to the first and second floor, accessible through the ground floor shop's rear yard. The ground floor benefits from a predominantly open plan sales area leading to a WC to the rear, along with access through the back door of the premises into a yard, access of which is also through a service road behind Green Lane. Accommodation at first floor level consists of bathroom, WC, kitchen and dining area and separate living room. The second floor appears to have been converted into a dormer with two separate bedrooms.

Lease Terms

The whole property was let by virtue of a Full Repairing and Insuring (FRI) for a term of 9 years from 1st July 2021 thus expiring on 30th June 2030, at a current rent passing of £16,000.00 with rent review provisions on an upwards only basis on the 1st July 2024 and 1st July 2028. The ERV is £25,000.00 p.ax.

There is a Tenant only rolling break clause exercisable on the 3rd-8th anniversary of the lease.

Further details are available on request

Price

Offers are sought in the region of £375,000.00 subject to contract for the freehold interest with the benefit of the current lease in place