Shopping centre connected to the principle car park for Dagenham. Let on 35 tenancies and 80% let to national multiple retailers including Wilkinson's, Boots, JD Sports, Peacocks, Savers and Card Factory. Total gross rental income of £968,242 per annum. After deduction of landlord shortfalls, total net income of £860,199 per annum. Held Long Leasehold from the London Borough of Barking and Dagenham with 91 years unexpired. Head rent is reviewed annually to 9.81% of the rents recieved in the previous year, collared at £37,620 per annum.
The property was sold as part of the Principal Trust Portfolio.
Other deals in this sector: