Property Information
Address:
297 Wood Lane, Essex
, RM8 3NH
Price: Property no longer available.
Size: 1991 sq ft185 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH662705
Property Ref/Agent: 30461
*Please use the agent ref when calling the agent directly.
Property description
A rare opportunity to acquire a mixed-use unbroken freehold property in Dagenham, Essex.
The building is arranged as a ground floor commercial unit with a self-contained flat over the first and second floors above.
The ground floor commercial accomodation measures circa 1,087 sqft in total, and benefits from a rear exit and yard space. The unit is newly vacant, but was most recently occupied as a security systems office and therefore benefits from the flexible ‘E’ use class. The estimated rental value of this unit is £15,000 per annum or £1,250 pcm.
The first and second floors comprise a split-level 2 bedroom flat. The flat is self-contained, with access from the rear of the building. The flat is let for £900 pcm on an Assured Shorthold Tenancy (AST), although this is considerably below market value. The AST expires in September 2022, and the market rent for the 2 bedroom flat in its current condition is £1,200 pcm.
Please note that the flat measures circa 904 sqft and includes a separate kitchen and living room. It therefore could also be let as a 3 bedroom flat.
There is a yard to the rear of the property.
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