Westwood Leber
Email: hello@westwoodleber.co.uk
8 The Pavillion
High Street
Hoddesden
Hertfordshire
EN11 8UD
Hindmans Way, Dagenham
£500,000
Commercial
Investment opportunity with approximately 6 years remaining on the existing lease.
Westwood Leber are pleased to offer for sale Unit H at OYO Business Units, Hindman Ways, RM9 6LN, a well-positioned commercial unit currently let to an established tenant, providing an attractive opportunity for investors seeking an income-producing commercial property.
The property is occupied under a 7-year lease, with approximately 6 years remaining, and benefits from a 5-year break clause. The lease is contracted outside the security of tenure provisions of the Landlord and Tenant Act 1954, providing the landlord with greater flexibility at the end of the contractual term.
The lease is on a fully repairing and insuring (FRI) basis, with the tenant responsible for the repair and insurance obligations associated with the premises, providing the landlord with a straightforward investment structure.
Location
OYO Business Units are situated on Hindman Ways, RM9 6LN, providing a commercial location suitable for a range of business uses. The surrounding area comprises a mix of commercial, industrial and trade occupiers, with established transport links providing access to the wider East London and Essex areas.
Tenancy
The property is currently occupied by an existing tenant under the terms of a 7-year lease, of which approximately 6 years remain. The lease incorporates a 5-year break clause and is contracted outside the Landlord and Tenant Act 1954.
The lease is on a fully repairing and insuring basis, with the tenant responsible for the repair and insurance obligations under the terms of the lease.
Further information regarding the passing rent, lease terms and tenancy can be provided to interested parties upon request.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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