Freehold Commercial Investment And Vacant Two-Bedroom Maisonette

This mixed commercial and residential property is located in an established parade, close to the junction of A1306 Ripple Road and Dagenham Heathway and within close proximity of Dagenham Dock station. The Dagenham Dock Station (C2C) has a regular service to London Fenchurch Station The commercial part comprises a ground floor office area, currently let on a lease producing £8,000 per annum. The upper part comprises a vacant two floor, two-bedroom maisonette, with separate street entrance from the front exterior, held on a separate lease. Although the flat requires a programme of refurbishment, it is considered suitable for future potential letting or for owner-occupation. There may even be potential to re-configure the residential accommodation to provide additional rooms, subject to all necessary consents being obtainable. Ground Floor Two office areas, storage rooms and W.C. Auctioneer's Note At the time of publication the Auctioneers have been unable to internally inspect the ground floor commercial part. These details have been provided by the seller and interested applicants should rely on their own investigations to verify the information provided. Tenancy Let on a commercial lease for a term of nine years, from 1st March 2019, at a current rental of £8,000 per annum, with three yearly rent reviews. We are advised by the Seller that a Rent Review was due on 1st March 2022, however no negotiations have been entered into. First/Second Floor Flat 23A Self-contained flat with two bedrooms, lounge, kitchen/diner and bathroom/W.C. Tenure Remainder of a 125-year lease, from 1st October 2021, at a current ground rental of £50 per annum. Council Tax Band B Local Planning Authority The London Borough of Barking & Dagenham. Tel: 020 8215 3000. Website: lbbd.go.uk. EPC Ratings Flat - 82sqm EPC rating is E Commercial - 101sqm EPC rating is D Freehold with Part Vacant Possession