Map
Area statsGuide price
£750,000Property for sale
Barking Road, London E6
Auction
Property
4 beds
Features and description
- Freehold
* For sale by public auction on 16th April at 12:00 *
Location & Description
The property comprises four retail units forming the corner of a larger parade, with four flats above (all sold off on long leasehold). The parade was constructed in the mid 1930's with two units facing Central Park Road and the other two facing Barking Road.
The property is situated on the corner of Barking Road, at its junction with Green Street. The property is located directly adjacent to The Champions Statue, depicting the 1966 FIFA World Cup winners and is within walking distance of Upton Park Station, sitting on the Circle, District and Hammersmith & City Lines. There are direct road links to both the A13 and the A406 London North Circular Road.
Accommodation
The accommodation comprises the following:
Unit One : - 705 Sq Ft (65.5 Sq M) & Basement (378 Sq Ft)
Unit Two : - 1,326 Sq Ft (123 Sq M) & Basement (621 Sq Ft)
Unit Three : - 804 Sq Ft (74.8 Sq M)
Unit Four : - 370 Sq Ft (34 Sq M)
Total = 3,205 Sq Ft (297.3 Sq M)
Tenure
FREEHOLD
Tenancy Details
Unit One : - Let on a 12 year lease from 15.02.2024 at £18,000 P.A (Subject to a review every four years)
Unit Two : - Let on a 10 year lease from 10.04.2023 at £21,500 P.A (Subject to a mid term review)
Unit Three : - Let on a 12 year lease from 29.07.2020 - Current passing rent at £18,000 P.A (Subject to a review every four years)
Unit Four : - Let on a 5 year lease from 28.04.2017 at £10,000 P.A (Currently holding over)
PRODUCING EQUIVALENT TO £67,500 P.A.
Note
1. Measurements have been taken from historic marketing details.
Auction Surveyor: Michael Mercer
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EPC Rating
Unit One : - C
Unit Two : - C
Unit Three : - B
Unit Four : - B
Viewing Times
Location & Description
The property comprises four retail units forming the corner of a larger parade, with four flats above (all sold off on long leasehold). The parade was constructed in the mid 1930's with two units facing Central Park Road and the other two facing Barking Road.
The property is situated on the corner of Barking Road, at its junction with Green Street. The property is located directly adjacent to The Champions Statue, depicting the 1966 FIFA World Cup winners and is within walking distance of Upton Park Station, sitting on the Circle, District and Hammersmith & City Lines. There are direct road links to both the A13 and the A406 London North Circular Road.
Accommodation
The accommodation comprises the following:
Unit One : - 705 Sq Ft (65.5 Sq M) & Basement (378 Sq Ft)
Unit Two : - 1,326 Sq Ft (123 Sq M) & Basement (621 Sq Ft)
Unit Three : - 804 Sq Ft (74.8 Sq M)
Unit Four : - 370 Sq Ft (34 Sq M)
Total = 3,205 Sq Ft (297.3 Sq M)
Tenure
FREEHOLD
Tenancy Details
Unit One : - Let on a 12 year lease from 15.02.2024 at £18,000 P.A (Subject to a review every four years)
Unit Two : - Let on a 10 year lease from 10.04.2023 at £21,500 P.A (Subject to a mid term review)
Unit Three : - Let on a 12 year lease from 29.07.2020 - Current passing rent at £18,000 P.A (Subject to a review every four years)
Unit Four : - Let on a 5 year lease from 28.04.2017 at £10,000 P.A (Currently holding over)
PRODUCING EQUIVALENT TO £67,500 P.A.
Note
1. Measurements have been taken from historic marketing details.
Auction Surveyor: Michael Mercer
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EPC Rating
Unit One : - C
Unit Two : - C
Unit Three : - B
Unit Four : - B
Viewing Times
Area statistics
Crime score
High crime
10/10
About this agent
Strettons is a leading, independent firm of property advisors with expertise across a wide range of commercial and residential property, giving advice to buyers, owners, occupiers, investors, developers and more. Our core teams cover agency, property auctions, property & asset management and valuation & advisory services. We operate throughout London and the Home Counties with more than 120 staff, while our auction department and property management business covers the whole of the UK. Since 1931, the Strettons brand has been recognised for the quality of service offered by its staff. We have worked hard to retain the original ethos in the way we advise and relate to our clients and can draw upon diverse technical resources to ensure that we deliver the best results. The in-depth knowledge of our core markets gives our clients a true advantage in property.