Hindmans Way, Dagenham, Essex, RM9

£450,000

Guide price

LOCATION:

On a modern gated Business Estate at Dagenham Essex. Dagenham is a suburban town within the Borough of Barking and Dagenham. The southern part of Dagenham, adjacent to the River Thames, is known locally for planning purposes as 'Dagenham Riverside', forming part of the London Riverside section of the Thames Gateway redevelopment area. The esate provides excellent links to the M25 via the nearby A13, making it a popular location for distribution and other businesses needing quick access to the motorway network.

DESCRIPTION:

Warehouse Investment opportunity producing an income of £36,000pa. A modern Warehouse in some 2,350 sq.ft. with parking. Let until November 2020, with vacant possession available on 3 months prior notice.

Property An end of terrace Warehouse, within a gated/secure compound, the ground floor in approx. 2,000 sq.ft. with entrance lobby and WC with shower and sink. Mezzanine Office 227 sq.ft. and staff room 63 sq.ft. Concreted floor. Rear fire exit. Apex 8.2m. Eaves 7.4m. Electric roller shutter 3m wide x 4.2m high. Front parking for 3-4 cars.

Features On Modern Gated/Secure Compound

Excellent Links To A13/M25

End Terrace Warehouse With Parking

Approx. 2,350 Sq.Ft.Overall

FVP Available November 2020

Suit Many Uses Including Storage

Tenure Freehold, subject to an occupational lease which expires on the 19th November 2020, producing a rental income of £36,000pa. The renewal provisions were excluded and therefore vacant possession is possible at the end of the term.

Business Rates The 2017 raring assessment describes the property as Warehouse & Premises with a value of £21,690, resulting in rates payable of approx. £10,850 pa.

Service Charges For 2020, these were a total of £1,270, broken down as follows: £720 Service Charge & £550 Health & Safety Assessment, both plus VAT.

Legal Fees Each party is to be responsible for their own legal legal fees.

Viewing All arrangements to view are via Dedman Gray Property Consultants on 01702 311 111.

Arrange viewing 01702 781134

Dedman Gray

103 The Broadway, Thorpe Bay, Essex

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