Property description

A3/A5 Retail Opportunity in Barking, Essex.

Effectively nil rent due to income from the residential parts

£170,000 Premium

The property is located on East Street within the London Borough of Barking & Dagenham. East Street is the main thoroughfare of the Town Centre where there are a number of new residential developments in the vicinity. National multiples within the immediate area include Holland & Barrett, McDonalds, Boots the Chemist, Iceland, O2 and Travelodge Hotel. Barking Station is approximately 300m from the property. The station gives access to the Hammersmith & City Underground line and an overground service to London Fenchurch Street (in circa 15 minutes).

• Next to Mcdonalds
• 15 year lease starting in march 2015, inside the Landlord & Tenant Act 1954
• 5 year rent reviews
• Premium £170k
• £35,000 rental income from 3 flats
• Rent payable £35,000
• 25 covers
• rear loading
• 2 x car parking spaces
• Newly refurbished – trading as http://www.chickys.co.uk/
• Current Gross takings from existing business circa £4500 per week
• Other uses considered subject to landlord consent
• ideal site for fast food/delivery concept



Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.