Lot 4 details
REVERSIONARY GROUND RENT INVESTMENT
6 Week completion
Located close to the junction with Winmill Road in this well established parade amongst such multiples which include William Hill, Lloyds Pharmacy, Post Office, Co-Op Food and Day 1.
Dagenham is a densely populated residential area being approximately 3 miles south-east of Ilford and 3 miles south-west of Romford benefitting from good road links to the A406 North Circular and only 5 miles from London City Airport.
A mid-terraced building comprising a Ground Floor Shop with separate rear access to a Self-Contained Flat on the first and second floors.
In addition, the property benefits from use of a rear service road.
Ground Floor Shop
Gross Frontage 17'9"
Internal Width 15'4"
Shop Depth 29'3"
Built Depth 38'3"
First and Second Floor Flat
3 Rooms, Kitchen, Bathroom/WC
VAT is NOT applicable to this Lot
The entire property is let on a full repairing and insuring lease to E N Jones (Sublet to a Hair Salon) for a term of 99 years from 29th September 1926 at a current rent of £12.50 per annum exclusive.
Valuable Reversion in approx. 8 years