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416 Barking Rd 316 sq ft Retail Property London E6 2SA £499,999 (£1,582.28/sq ft)
INVESTMENT HIGHLIGHTS
- Prominently located
- Heavy daytime foot traffic
- Close proximity to East Ham (Circle) and Barking (Circle & Overground).
EXECUTIVE SUMMARY
Let to a private individual originally for a term of 12 years from January 2007. The tenant is now holding over at a rent of £16,000 per annum. The rent was last reviewed in 2015 and has not increased out of goodwill so there is an opportunity for a new owner to do so or to obtain vacant possession.
PROPERTY FACTS
Sale Type
Owner Occupier
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
316 sq ft
Costar Property Class
B
Year Built
1965
Price
£499,999
Price per sq ft
£1,582.28
Tenancy
Single
Number of Floors
3
Plot ratio
0.30
Total Plot Size
0.02 ac
Frontage
15 ft on Barking Rd.
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416 Barking Rd
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