Property photos
Freehold
£499,999
(£450.86/sq. ft)
Property for sale
Barking Road, East Ham, London E61,109 sq. ft
Local area information
Property location
Nearby amenities
- Nelson Primary School 0 miles
- Langdon Academy 0.2 miles
- East Ham 0.6 miles
- Barking 0.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for East Ham, Little Ilford and Beckton to find out more about the local area.
Features and description
- Freehold
- Freehold investment
- Comprising shop & 2-bedroom maisonette
- Shop tenant currently holding over
- Flat currently vacant
- Barking Road location
- Rare opportunity
** freehold shop & maisonette for sale ** - The property is situated to the southern side of Barking Road (A124), in an established retail and residential area. The closest train stations are East Ham (Circle) and Barking (Circle & Overground). Comprising a 3-storey property of traditional masonry construction. The ground floor trades as a cash and carry and there is a self-contained 2-bedroom maisonette at 1st and 2nd floor level with access from Barking Road. The shop is let to a private individual originally for a term of 12 years from January 2007. The tenant is now holding over at a rent of £16,000 per annum. The rent was last reviewed in 2015 and has not increased out of goodwill so there is an opportunity for a new owner to do so or to obtain vacant possession. The flat is currently vacant. Please call Clarke Hillyer on for further information.
Location
The property is situated to the southern side of Barking Road (A124), in an established retail and residential area. The A406, A13 and M25 are all accessible from the premises and the area is served by local buses. The closest train stations are East Ham (Circle) and Barking (Circle & Overground).
Description
Comprising a 3-storey property of traditional masonry construction. The ground floor trades as a cash and carry and there is a self-contained 2-bedroom maisonette at 1st and 2nd floor level with access from Barking Road. The premises are more particularly described as follows:
Ground Floor Shop: Sales Area: 316 sq ft (29.4 sq m); Ancillary: 137 sq ft (12.7 sq m); Lean-to: 286 sq ft (26.6 sq m); Kitchenette: 22 sq ft (2 sq m). Toilet facilities included.
First Floor Residential: Lounge, kitchen, bathroom/WC, bedroom.
Second Floor Residential: Bedroom.
All areas are approximate only.
Tenancies
Shop: Let to a private individual originally for a term of 12 years from January 2007. The tenant is now holding over at a rent of £16,000 per annum. The rent was last reviewed in 2015 and has not increased out of goodwill so there is an opportunity for a new owner to do so or to obtain vacant possession.
Flat: Currently vacant.
Terms
The freehold is available, subject to the existing lease on the shop and with vacant possession of the flat, for £499,999.
Business Rates
The London Borough of Newham have informed us that the shop has a rateable value of £10,250 under the 2023 Valuation List.
Council Tax
The flat is within Band 'A'.
Viewings
Strictly via sole agents Clarke Hillyer, tel .
Epcs
The shop has an Energy Performance Certificate rating of C and the flat has an EPC rating of D.
Location
The property is situated to the southern side of Barking Road (A124), in an established retail and residential area. The A406, A13 and M25 are all accessible from the premises and the area is served by local buses. The closest train stations are East Ham (Circle) and Barking (Circle & Overground).
Description
Comprising a 3-storey property of traditional masonry construction. The ground floor trades as a cash and carry and there is a self-contained 2-bedroom maisonette at 1st and 2nd floor level with access from Barking Road. The premises are more particularly described as follows:
Ground Floor Shop: Sales Area: 316 sq ft (29.4 sq m); Ancillary: 137 sq ft (12.7 sq m); Lean-to: 286 sq ft (26.6 sq m); Kitchenette: 22 sq ft (2 sq m). Toilet facilities included.
First Floor Residential: Lounge, kitchen, bathroom/WC, bedroom.
Second Floor Residential: Bedroom.
All areas are approximate only.
Tenancies
Shop: Let to a private individual originally for a term of 12 years from January 2007. The tenant is now holding over at a rent of £16,000 per annum. The rent was last reviewed in 2015 and has not increased out of goodwill so there is an opportunity for a new owner to do so or to obtain vacant possession.
Flat: Currently vacant.
Terms
The freehold is available, subject to the existing lease on the shop and with vacant possession of the flat, for £499,999.
Business Rates
The London Borough of Newham have informed us that the shop has a rateable value of £10,250 under the 2023 Valuation List.
Council Tax
The flat is within Band 'A'.
Viewings
Strictly via sole agents Clarke Hillyer, tel .
Epcs
The shop has an Energy Performance Certificate rating of C and the flat has an EPC rating of D.
Floor plans and tours
Floor plans (1)
More information
Listed by
Clarke Hillyer
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Property descriptions and related information displayed on this page are marketing materials provided by - Clarke Hillyer. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Clarke Hillyer for full details and further information.