Property description
17 Year lease
A3 Licence
Prime Location
Currently Used As A Cafe
Rent = £12‘500 PA
A great opportunity has come up to purchase this commercial property located in the heart of Barking, a short walk from Barking station and both vicarage field shopping centre and Barking‘s travel lodge are a stone‘s throw away. Most that live in the area will already know that Barking town centre is a thriving location with a large population, adding to this there is a huge amount of development currently on-going along with more projects planned over the upcoming years. With this commercial property being located in the middle of these new developments and having low rental rates this is a fantastic opportunity, all that is needed is a good business plan. Further benefits include living quarters located on the 1st floor comprising a one bedroom flat, two car parking spaces, a current lease of 17 years, A3 licence is in place which allows trading until 11pm, current rent is £12‘500 PA and with barking and Dagenham council being the landlord there is a guarantee of tenure along with a low risk of large rental increase.