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River Rd 1,775 SF Industrial Condo Unit Offered at $582,604 in Barking IG11 0EA
Investment Highlights
- Warehouse operates as production, storage, and operational activities.
- Located in a strategic industrial area, with excellent transport links with three designated parking spaces.
- Mutual rolling break clause in the lease enabling any purchaser the opportunity to owner occupy.
Executive Summary
The property is situated in an industrial site located along the River Road in the London Borough of Barking and Dagenham. The buildings at this location are industrial in nature, reflecting the area’s ongoing use as a hub for warehousing and logistics. The location offers significant transport connections including the A13 which is situated nearby. Barking Riverside station (Overground) is 1.5 miles away.
Property Facts
| Total Building Size | 22,106 SF | Typical Floor Size | 13,403 SF |
| Property Type | Industrial (Condo) | Year Built | 1982 |
| Property Subtype | Warehouse | Lot Size | 1.49 AC |
| Building Class | C | Parking Ratio | 0.51/1,000 SF |
| Floors | 2 |
| Total Building Size | 22,106 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 13,403 SF |
| Year Built | 1982 |
| Lot Size | 1.49 AC |
| Parking Ratio | 0.51/1,000 SF |
Amenities
- Bus Line
- Security System
- Signage
- Energy Performance Rating - E
- Automatic Blinds
- Storage Space
- Air Conditioning
Utilities
- Lighting
- Gas
- Water - City
- Sewer - City
- Heating - Electric
1 Unit Available
Unit 17
| Unit Size | 1,775 SF | Condo Use | Industrial |
| Price | $582,604 | Sale Type | Investment |
| Price Per SF | $328.23 | Tenure | Freehold |
| Unit Size | 1,775 SF |
| Price | $582,604 |
| Price Per SF | $328.23 |
| Condo Use | Industrial |
| Sale Type | Investment |
| Tenure | Freehold |
Description
This industrial unit is situated within the River Road Business Park. The unit is let and generating a gross income of £24,000 per annum. The property spans a total of 1,775.4 sqft, divided between the ground floor and first floor, offering a versatile layout suitable for various businesses. The floor to ceiling height is 3 meters which reaches to the apex at 3.9 meters. The property benefits from a partitioned toilets', kitchenette, office to the first floor and three parking spaces. There is a personnel and separate loading door to the unit including a rear fire exit door.
Sale Notes
Virtual Freehold investment - Industrial unit situated in established industrial location within Barking.
The property is being offered on a virtual freehold basis of 999 years, with effect from 5th October 1988, and is subject to a sub-lease for a term of 5 years which commenced on 1st April 2023 at a rent of £24,000 per annum with rolling mutual 3 months break clause
Interior Photo
Interior Photo
Interior Photo
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River Rd
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