Lot 18 Click here for addendum
GROUND RENT INVESTMENT
ON BEHALF OF TRUSTEES
4 Week completion
SITUATION
Occupying a prominent position close to the junction with Waldergrave Road in this local shopping parade opposite Superdrug and amongst other multiples such as Coral, Budgens, Tesco Express, Santander and being less than a mile distance to Chadwell Heath Railway Station.
Dagenham is a densely populated residential area being approximately 3 miles south-east of Ilford and 3 miles south-west of Romford benefitting from good road links to the A406 North Circular and only 5 miles from London City Airport.
PROPERTY
Two mid terraced buildings created in the 1930's comprising 2 Ground Floor Shops with separate rear access to 2 Self-Contained Flats at first and second floor level. In addition, the property benefits from a rear service road and a rear Large Yard for parking of approx. 10/12 cars.
ACCOMMODATION
No. 673 - Ground Floor Shop (Not Inspected)
Gross Frontage 18'0"
Built Depth 44'9"
WC
No. 673a - Second Floor Flat (Not Inspected)
Believed to be 4 Rooms, Kitchen, Bathroom/WC
No. 675 - Ground Floor Shop
Gross Frontage 18'0"
Internal Width 16'9"
Shop Depth 31'9"
Built Depth 50'9"
WC/Shower
No. 675a - First Floor Flat
4 Rooms, Kitchen, Bathroom/WC (with gas c/h)
VAT is NOT applicable to this Lot
FREEHOLD
TENANCY
The entire property is let on a full repairing and insuring lease to Elfield Constructions Ltd for a term of 99 years from 24th June 1936 at a current rent of £90 per annum exclusive.
Valuable Reversion in approx. 18 years
Note: We understand from the Lessees that the shops are let at £10,000 p.a. and £11,000 p.a. and the flats are let on ASTs at £10,800 p.a. and £9,600 p.a.