February 2022: Wednesday 09 February 2022 - 9:30am
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    Key features

    • Investment let at £10,000 p.a. (9.09% on Guide Price)
    • Comprises approximately 50 sq m (538 sq ft)
    • Let on a licence agreement
    • Potential for further development of the site (subject to the requisite consents)

    Description

    The property comprises a ground floor commercial unit/garage together with a side garden.

    Additional information

    Tenure

    Freehold

    Accommodation

    Approximate Floor Areas

    Ground Floor - Commercial unit/garage 50 sq m (538 sq ft)

    Tenancy

    Let on a licence agreement from 1st June 2021 to 31st May 2022

    Planning

    The property had previous planning permission (21/01713/FULL) refused in September 2021 for the construction of a single storey 1x bedroom bungalow with associated garden, car parking, cycle spaces, bin storage, improvement of access to Lancaster Avenue and demolition of the existing building and of its associated compound. This application is currently Pending an Appeal and awaiting a planning inspector to allocated.

    Please contact Barking & Dagenham planning authority for further information. https://online-befirst.lbbd.gov.uk/planning/index.html?fa=getApplication&id=28802. The property may benefit from further development/change of use potential, subject to all necessary consents.


    Rent

    £10,000
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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.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Barking is a popular East London suburb, approximately 10 miles east of Central London. The property is situated on the east side of Lancaster Avenue. Nearby retailers include a Post Office, Londis and various independent shops and cafes.

      Transport

      <1 mile from Barking Train Station (Overground, District & Hammersmith & City Line)

      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.

      Addendums