Home > Auctions > June 2022 14 June 2022 - 9:00am > Lot 94

June 2022: Tuesday 14 June 2022 - 9:00am
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    Key features

    • Partial investment let at £35,400 p.a.
    • 3 retail units at ground floor and 3 bedroom flat at 2nd floor (fully let)
    • Vacant commercial space at 1st floor with planning permission to convert to a 2 Bedroom flat
    • Potential to add an additional flat at loft level (subject to the requisite consents)

    Description

    The property is a mid terrace 3 storey property located on a corner plot.

    The property comprise of a 3 retail units at ground floor level, vacant commercial space at 1st floor (with planning permission to convert to 2 bedroom flat), a 3 bedroom flat at 2nd floor and empty loft space at 3rd floor level with development potential to convert into an additional flat (subject to the requisite consents).

    Near by occupiers include Lidl, Beacontree avenue Post Office, Coral Betting as well as a wide range of local independent retailers.

    Additional information

    Tenure

    Freehold

    Accommodation

    The below measurements have been taken from the VOA and local planning authority website any purchaser must rely on their own enquiries. The property has not been internally inspected by Savills but we believe to comprise of.


    Ground floor - 3 Retail units with access to the upper floors.

    • 833 Longbridge Road 184 sq ft (17.13 sq m)
    • 835 Longbridge Road 263 sq ft (24.5 sq m)
    • 835A Longbridge Road 188 sq ft (17.5 sq m)

    1st Floor - Vacant commercial space with planning permission

    • 3 x Rooms, Kitchen and WC
    • Approx. 785 sq ft (73 sqm)

    2nd Floor - 3 bedroom flat

    • 3 x Bedrooms, Kitchen/living area, Bathroom/WC

    3rd Floor - Vacant loft space


    Tenancy

    833 Longbridge Road

    • Let on on a licence from the 01/11/2019
    • Investment let at £7,200 p.a.

    835 Longbridge Road

    • Let on a 5 year lease from 01/10/2020
    • Investment let at £8,400 p.a.

    835A Longbridge Road

    • Let on a 5 year lease from 01/05/2021
    • Investment let at £6,600 p.a.

    833A Longbridge Road (First Floor)

    • Vacant

    833B Longbridge Road

    • Let on a 12 month AST from the 01/10/2020 (Holding over)
    • Investment let at £13,200 p.a.

    Planning

    Barking and Dagenham

    Planning ref: 20/01253/FULL

    Description: Change of Use of former first floor dental surgery as a two bedroom flat.

    Approved: 11/08/2020


    Rent

    £35,400 p.a.

    Notes

    Please note the site areas provided are approximate. The photos and red line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard.

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        All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

        Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

        Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

        No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

        No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

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        Local information

        The property is located on the corner of Longbridge Road and Becontree Avenue. Local shops and amenities can be found directly on Longbridge Road and Becontree avenue. Recreational facilities can be found close by at Goodmayes Park.

        Goodmayes station is located an approx. 1.3 miles from the property

        Upney Station is located an approx. 1.4 miles from the property

        Transport

        Goodmayes station - services into Stratford and Liverpool street station

        Upney Station - underground District line services into central London

        Legal documents

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        EPC rating

        If no EPC rating appears please refer to the legal pack.

        Guide prices and common auction conditions

        •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

        •The reserve price is the minimum price at which the property can be sold.

        •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

        •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

        Please note that all prices listed, whether prior to or post auction, are subject to contract.

        The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

        The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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