Offers over
£420,000
(£223.40/sq. ft)
Retail premises for saleWood Lane, Dagenham RM8
1,880 sq. ft
Freehold
About this property
Freehold terraced building comprising a ground-floor retail unit and a self-contained two-bedroom flat above. The property generates a total rental income of £37,800 per annum, reflecting a 9% yield at the guide price.
The commercial tenant has occupied the shop since 2023 under a long lease contracted outside the Landlord and Tenant Act.
The upper flat has recently been refurbished and is let to a new professional tenant.
Description
Freehold terraced building comprising a ground-floor retail unit and a self-contained two-bedroom flat above. The property generates a total rental income of £37,800 per annum, reflecting a 9% yield at the guide price.
The commercial tenant has occupied the shop since 2023 under a long lease contracted outside the Landlord and Tenant Act.
The upper flat has recently been refurbished and is let to a new professional tenant.
The commercial tenant has occupied the shop since 2023 under a long lease contracted outside the Landlord and Tenant Act.
The upper flat has recently been refurbished and is let to a new professional tenant.
Description
Freehold terraced building comprising a ground-floor retail unit and a self-contained two-bedroom flat above. The property generates a total rental income of £37,800 per annum, reflecting a 9% yield at the guide price.
The commercial tenant has occupied the shop since 2023 under a long lease contracted outside the Landlord and Tenant Act.
The upper flat has recently been refurbished and is let to a new professional tenant.
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Monthly repayment
£2,101 per month
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