Property description
A3/A5 Retail Opportunity in Barking, Essex.
Effectively nil rent due to income from the residential parts
£170,000 Premium
The property is located on East Street within the London Borough of Barking & Dagenham. East Street is the main thoroughfare of the Town Centre where there are a number of new residential developments in the vicinity. National multiples within the immediate area include Holland & Barrett, McDonalds, Boots the Chemist, Iceland, O2 and Travelodge Hotel. Barking Station is approximately 300m from the property. The station gives access to the Hammersmith & City Underground line and an overground service to London Fenchurch Street (in circa 15 minutes).
Next to Mcdonalds
15 year lease starting in march 2015, inside the Landlord & Tenant Act 1954
5 year rent reviews
Premium £170k
£35,000 rental income from 3 flats
Rent payable £35,000
25 covers
rear loading
2 x car parking spaces
Newly refurbished trading as http://www.chickys.co.uk/
Current Gross takings from existing business circa £4500 per week
Other uses considered subject to landlord consent
ideal site for fast food/delivery concept
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.