Offers over
£300,000
(£199.34/sq. ft)
Retail premises for saleBecontree Avenue, Dagenham RM8
1,505 sq. ft
Under offer
About this property
C. £200 psf at the asking angle
Asset maximisation angle
Established takeaway use
Location
The property is situated at the Centre of Becontree Avenue within an established neighbourhood parade of shops, towards its junction with Valence Avenue. Chadwell Heath Station serves as the closest train station to the property, approximately 0.7 miles to the North via Valence Avenue which in turn leads on to Station Road. On-street parking is located to the front of the property.
Accommodation
Comprising commercial premises at ground floor level with self-contained split level 3/4 bedroom masionette to the first and second floors.
Lease terms
The entire building is held on a 15 year Full Repairing and Insuring (Fri) lease from February 2019 at a current rent passing of £20,000 (reviewed in February 2024), subject to 5 yearly upward only rent reviews and a Tenant-only break clause at the 10th anniversary of the term. The ground floor is trading as 'Milano Pizza'. We consider that the property is underrented.
The property is situated at the Centre of Becontree Avenue within an established neighbourhood parade of shops, towards its junction with Valence Avenue. Chadwell Heath Station serves as the closest train station to the property, approximately 0.7 miles to the North via Valence Avenue which in turn leads on to Station Road. On-street parking is located to the front of the property.
Accommodation
Comprising commercial premises at ground floor level with self-contained split level 3/4 bedroom masionette to the first and second floors.
Lease terms
The entire building is held on a 15 year Full Repairing and Insuring (Fri) lease from February 2019 at a current rent passing of £20,000 (reviewed in February 2024), subject to 5 yearly upward only rent reviews and a Tenant-only break clause at the 10th anniversary of the term. The ground floor is trading as 'Milano Pizza'. We consider that the property is underrented.
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Monthly repayment
£1,500 per month
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