Investment.

Barking.

Pianoworks, IG11 7RX

Map View

Status.

Purchased on 01/02/2020

Price.

£8,950,000 (Subject to Contract and Exclusive VAT)

Location.

Barking is a town located within the London Borough of Barking and Dagenham. It is located 3.4 miles east of Stratford, 4.5 miles east of Canary Wharf and 8.8 miles east of Charing Cross.

The town is situated north of the A13 road and east of the River Roding near its confluence with the River Thames in east London. The South Woodford to Barking Relief Road (part of the A406 North Circular Road) runs through the Roding Valley, and access to the town centre is by its junction with the A124.

Description.

The hotel was purpose built in 2008 and is fitted to Travelodge’s latest specifications. The building is of reinforced concrete frame construction with three elevations having very distinctive multi coloured cladding, which has also been used on other buildings in the Barking Central development.

The property has two retail units on the ground floor. The first unit comprises 4,389 sq ft and is let to Tesco Stores Ltd and the second unit is 1,283 sq ft and is let to Explore Learning Ltd.

Rent.

£461,602.00 per annum exclusive

Tenant(s).

Travelodge, Tesco, Explore Learning

Tenure.

Lease

Yield.

4.85% Net Initial Yield

Share.

All viewings are strictly by prior appointment.

What Our Clients Say.

Green & Partners understand our needs and continually exceed expectations.

Aberdeen Standard

Thorough, tenacious, practical in their outlook and approach but above all they get results.

La Salle Investment Management

The expertise and excellent client focus provided by Team g&p is greatly valued and appreciated. The continuing hard work to support our investment, Leasing and Asset Management activities has enabled us to drive investment performance for our clients.

M & G

Green & Partners are a focused, diligent and highly determined team who exceed our expectations time after time.

DTZ Investors

With Green & Partners you get Partner level involvement and Commitment whether it's an MSU or a small kiosk. They are creative and tenacious and have a very good knowledge of shopping centres and the retailer market at all levels.

Hammerson