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Green Lane, Dagenham
£1,000,000
 
 
     
    An opportunity to buy the freehold to this three storey property located in a prominent position in Green Lane, Dagenham, Essex.
    The ground floor tenant is a barber whose lease commenced on 29th January 2025 for 20 years with a passing rent of £17,400pa.
    Before taking the lease, the tenant renovated the property as seen in the photos.
    Apart from the main shop area there is a customers toilet, kitchen, staff shower room/wc, an office, store room, courtyard and garage to rear.
    The two upper floors have been divided into five bedrooms and has been run as a HMO producing approx. £41,400pa with a shared kitchen and bathroom.
    As other properties in the vicinity have been extended to their rear boundaries and loft areas, we believe this property offers the same opportunity subject to local authority approval.
    Viewings are strictly by appointment.

    Tenure: Freehold
    Tenant has a 20 year lease from Jan 2025
    Reference: CS0090
    An opportunity to buy the freehold to this three storey property located in Green Lane, Dagenham, Essex. The ground floor is let at 17,400pa and the two upper floors have been divided into five bedrooms and been run as a HMO producing approx. 41,400pa. There is scope at the rear (STPP).

    Features

    • PROMINENT POSITION
    • BATHROOM/WC
    • FIVE BEDROOMS OVER TWO FLOORS
    • FREEHOLD INVESTMENT
    • POTENTIAL TO EXTEND (STPC)
    • LONG SHOP LEASE

    Arrange a Viewing

    To arrange a viewing for this property, please call us on 01708 922 383, or complete the form below and we will be in contact:

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    70,78
    These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers/tenants must rely on their own inspection of the property. None of the appliances/services have been tested by ourselves. We recommend purchasers/tenants arrange for a qualified person to check all appliances/services before legal commitment.