Lot 14 details
REVERSIONARY GROUND RENT INVESTMENT
6 Week completion
Located at the junction with Weylond 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 Chinese Takeaway with internal 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 Takeaway
Gross Frontage 17'8"
Shop Depth 29'3"
Built Depth 40'0"
First and Second Floor Flat
Not inspected - believed to be 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 M. J. Wiseman and E. A. Cass (see Note) for a term of 99 years from 29th September 1926 at a current rent of £13 per annum exclusive.
Valuable Reversion in approx. 7½ years
Note: The shop has been sublet as a Chinese Takeaway and the flat is believed to be sublet on an AST.