Lot 15 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 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 and rear yard with parking suitable for 2 cars.
Ground Floor Café
Gross Frontage 17'9"
Internal Width 17'3"
Shop Depth 30'2"
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 P. McGregor (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 café and the flat is believed to be sublet on an AST.