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297 Wood Ln 1,880 SF 100% Leased Retail Building Dagenham RM8 3NH $559,597 ($297.66/SF) 9% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Fully Let
  • Freehold For Sale
  • Income Producing

EXECUTIVE SUMMARY

Freehold terraced building comprising a ground-floor retail unit and a self-contained two-bedroom flat above. The property generates a total rental income of £37,800 per annum, reflecting a 9% yield at the guide price.
The commercial tenant has occupied the shop since 2023 under a long lease contracted outside the Landlord and Tenant Act.
The upper flat has recently been refurbished and is let to a new professional tenant

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $50,364 $26.79
Other Income - -
Vacancy Loss - -
Effective Gross Income $50,364 $26.79
Net Operating Income - -

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual $50,364
Annual Per SF $26.79
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $50,364
Annual Per SF $26.79
Net Operating Income
Annual -
Annual Per SF -

PROPERTY FACTS Sale Pending

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,880 SF
Building Class
B
Year Built
1925
Price
$559,597
Price Per SF
$297.66
Cap Rate
9%
NOI
$50,364
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.54
Lot Size
0.08 AC
Frontage
14’ on Wood Lane

AMENITIES

  • Security System
  • Automatic Blinds
  • Storage Space

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -

We provide the security systems that protect industrial, business and retail premises. We believe that, in a constantly changing world with technology advancing at an alarming rate, only a company with total commitment to quality and service can survive. Peter Hart, PTS Managing Director (on left), receiving the NACOSS Gold medal, presented by the National Security Inspectorate (NSI) Chief Executive, Tom Mullarkey, at the CII Insurance Hall, London, on March 4th 2004. The unique, numbered and framed Gold medal, produced exclusively for NSI by the Royal Mint, is awarded only to companies that have achieved NACOSS Gold approval, the premier accreditation for those involved in the installation and maintenance of intruder alarms, CCTV and access control systems in the UK. Formed in 1996, PTS have built a reputation for quality and service delivery.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Professional, Scientific, and Technical Services - - -

NEARBY MAJOR RETAILERS

Nisa
Ww - Weight Watchers
Morrisons
Iceland
Costcutter
Morley's Fried Chicken
Lidl
ASDA
Starbucks
Co-op
  • Listing ID: 36807526

  • Date on Market: 7/18/2025

  • Last Updated:

  • Address: 297 Wood Ln, Dagenham RM8 3NH

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