Lot 68 Freehold Commercial Investment And Vacant Two-bedroom MaisonetteAuction Date:
14th December 2022
23 & 23A Goresbrook Road, Dagenham, Essex, RM9 6UX
This mixed commercial and residential property is located in an established parade, close to the junction of A1306 Ripple Road and Dagenham Heathway and within close proximity of Dagenham Dock station. The Dagenham Dock Station (C2C) has a regular service to London Fenchurch Station
The commercial part comprises a ground floor office area, currently let on a lease producing £8,000 per annum. The upper part comprises a vacant two floor, two-bedroom maisonette, with separate street entrance from the front exterior, held on a separate lease.
Although the flat requires a programme of refurbishment, it is considered suitable for future potential letting or for owner-occupation. There may even be potential to re-configure the residential accommodation to provide additional rooms, subject to all necessary consents being obtainable.
Ground Floor
Two office areas, storage rooms and W.C.
Auctioneer's Note
At the time of publication the Auctioneers have been unable to internally inspect the ground floor commercial part. These details have been provided by the seller and interested applicants should rely on their own investigations to verify the information provided.
Tenancy
Let on a commercial lease for a term of nine years, from 1st March 2019, at a current rental of £8,000 per annum, with three yearly rent reviews. We are advised by the Seller that a Rent Review was due on 1st March 2022, however no negotiations have been entered into.
First/Second Floor
Flat 23A
Self-contained flat with two bedrooms, lounge, kitchen/diner and bathroom/W.C.
Tenure
Remainder of a 125-year lease, from 1st October 2021, at a current ground rental of £50 per annum.
Council Tax Band B
Local Planning Authority
The London Borough of Barking & Dagenham. Tel: 020 8215 3000. Website: lbbd.go.uk.
EPC Ratings
Flat - 82sqm EPC rating is E
Commercial - 101sqm EPC rating is D
Freehold with Part Vacant Possession
There is an addendum available to be read
in conjunction with the legal documentation.
Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
