Location
Barking is an east London town within the London Borough of Barking & Dagenham approximately 9.3 miles east of Charing Cross. It is bordered by Ilford to the north, Dagenham to the east and East Ham to the west.

The subject property is located on Longbridge Road close to the Faircross Avenue junction just outside of Barking town centre. Barking station is within very easy walking distance providing quick and easy access to the City and West End via the District and Hammersmith & City Lines as well as the Overground and National Rail.

Additionally, the subject property is very well served by the following bus routes:

5 – Romford Market to Canning Town Station
62 - Marks Gate/Billet Road to Gascoigne Estate
EL2 - Becontree Leisure Centre to Dagenham Dock Terminus
EL3 - Chadwell Heath Lane to Northgate Road
N15 - Romford Market to Oxford Circus (Night service)

*Information provided by TfL

Accommodation
The building comprises of a 2 storey mixed use mid terrace building together with a single storey warehouse to the rear accessed via a rear courtyard as well as a common service road. The ground floor and warehouse have been used as a takeaway for over 35 years whilst the first floor comprises of a large self contained 2x bedroom flat with front access.

The building appears to be in good decorative order throughout with the following approximate ground floor areas: Ground floor sales - 581 sq.ft. (53.98 sq.m.), rear warehouse - 412 sq.ft. (38.30 sq.m.), Total - 993 sq.ft. (92.28 sq.m.)

Floor areas taken from VOA website therefore their accuracy cannot be guaranteed. Interested parties will need to satisfy themselves in this regard.

Tenancy
The entire building is subject to a 20 year FR&I lease from 25 March 2008 to Pizza GoGo Limited company number 03104628 with a directors personal guarantee at the current passing rental of £29,000 per annum exclusive without further review. The lease is contracted inside of the 1954 Landlord & Tenant Act.

Pizza GoGo Limited were incorporated in 1995 and currently have 135 stores throughout throughout the UK.

Terms

Tenure
The premises are to be sold Freehold subject to the aforementioned tenancy.

Price
Offers in excess of £400,000 are being sought. We understand that the property is not elected for VAT. A purchase at this level reflects a yield of 7.25% before purchasers costs.

All rents, prices and premiums are exclusive of VAT under The Finance Act 1989. Accordingly, interested parties are advised to consult their professional advisers as to their liabilities, if any, in this direction.

EPC
To be advised.

Consumer Protection & Money Laundering Regulations
It is recommended that applicants seek independent professional advice before entering into a contract on this property. It is required to gain proof of identity from companies and/or individuals before accepting an offer for any property.

Services/Utilities
Reference to all/any services, utilities or fixtures & fittings in these particulars does not imply they are in full and efficient working order.

Legal costs
Both parties reasonable legal costs are to be borne by the Purchaser.

Viewing
Strictly by arrangement via vendors sole agents as above.