The bank comprises a basement vault, ground floor retail unit previously used as a banking hall. Tenure The property is held on an existing FRI lease due to expire 03/07/28 at a passing rent of £27,700 per annum exclusive, with a break option scheduled for 03/07/23. The lease is held inside the security of tenure provisions of the Landlord and Tenant Act 1954. Consideration Offers accepted on the basis of assignment or sub-lease at the passing rent of £27,700 pa. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £ and the rates payable are £ pa. The UBR for 2018/2019 is p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposesLess
Becontree is a large housing estate of approximately 4 square miles in the London borough of Barking and Dagenham. It is located 11 miles east-northeast of Charing Cross. Green Lane is a major and prominent road at this location. Nearby occupiers of note include Iceland and other banking operators and betting shops further up the same high street.