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297 Wood Ln 1,880 sq ft 100% Let Retail Property Dagenham RM8 3NH £420,000 (£223.40/sq ft) 9% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Fully Let
- Freehold For Sale
- Income Producing
EXECUTIVE SUMMARY
The commercial tenant has occupied the shop since 2023 under a long lease contracted outside the Landlord and Tenant Act.
The upper flat has recently been refurbished and is let to a new professional tenant
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
£37,800
|
£20.11
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£37,800
|
£20.11
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £37,800 |
| Annual Per sq ft | £20.11 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | £37,800 |
| Annual Per sq ft | £20.11 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
PROPERTY FACTS Sale Pending
AMENITIES
- Security System
- Roller Shutters
- Storage Space
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE END
-
- Professional, Scientific, and Technical Services
- -
- -
- -
We provide the security systems that protect industrial, business and retail premises. We believe that, in a constantly changing world with technology advancing at an alarming rate, only a company with total commitment to quality and service can survive. Peter Hart, PTS Managing Director (on left), receiving the NACOSS Gold medal, presented by the National Security Inspectorate (NSI) Chief Executive, Tom Mullarkey, at the CII Insurance Hall, London, on March 4th 2004. The unique, numbered and framed Gold medal, produced exclusively for NSI by the Royal Mint, is awarded only to companies that have achieved NACOSS Gold approval, the premier accreditation for those involved in the installation and maintenance of intruder alarms, CCTV and access control systems in the UK. Formed in 1996, PTS have built a reputation for quality and service delivery.
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE END | ||
|
|
Professional, Scientific, and Technical Services | - | - | - |
NEARBY MAJOR RETAILERS
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297 Wood Ln
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