Auction House London

Lot 81

Commercial Development - Commercial Property 

689 Green Lane

Goodmayes, Dagenham, Essex, RM8 1UU

Withdrawn Prior to Auction.

A Commercial & Residential Investment Producing £35,000 per annum. Offered with Development Potential over the Demised Land to the Rear Measuring Approximately 278 sq m (3,000 sq ft) (subject to obtaining all relevant consents).

Description

Tenure

Freehold

Location

The property forms part of an established parade of shops. Nearby multiples include Tesco Express, Superdrug, Santander & Coral and other local traders. Transport links are provide by Goodmayes rail station.

Description (2nd Column)

The property comprises a mid terrace mixed use building arranged over ground and two upper floors. The property benefits from a substantial land plot to the rear measuring approximately 278 sq m (3,000 sq ft).

Viewing Details

Friday 21st October – 12:30-13:00
Tuesday 25th October – 12:30-13:00
Friday 28th October – 12:30-13:00
Tuesday 1st November – 12:30-13:00
Friday 4th November – 10:30-11:00

Addendum

Amended Guide Price: £675,000+

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Annual Rent
689 Ground Shop Area & Separate WC with wash basin Let to World of Fruit Limited on a 10 year FRI Lease commencing 1st July 2016. Rent reviews every 3 years. £20,000
689a First & Second Three Bedroom Maisonette Let on an informal tenancy at £1,250 pcm. Tenants have been in occupation for several years. £15,000

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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Enquire about 689 Green Lane, Goodmayes, Dagenham, Essex, RM8 1UU

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