Strettons · 29 Oct 2026 · in 10 days
Freehold site with nine lock up garages and development potential producing £15,720 p.a.
Garages and Land to the rear of, 3-5 Horace Avenue, Rush Green, Romford, Barking and Dagenham, RM7 0XA · London
LiveOtherFreehold
- Guide
- £147,500
- Rent a year
- ≈£2,000est.
- Yield on the guide
- ≈1.4%est.
- Payback
- ≈74 yrs
- Net yield, after buying costs
- 🔒 With access
- Likely to sell for
- 🔒 With access
- Energy rating
- Not published
- Size
- 128 sq ft
What it costs to own
The price is only part of it. Every auction house adds a buyer's fee, and you pay stamp duty and a solicitor. Net yield is the rent over all of it.
The cost breakdown and net yield: included with access, £49 a month. Start with a free account.
Create an accountWhat it's likely to sell for
From what comparable lots actually sold for against their guide, in Cornerlot's results.
The likely sale range: included with access, £49 a month. Start with a free account.
Create an accountEnergy rating
Strettons hasn't published a rating for this lot. Ask for the certificate or check the legal pack: in England and Wales, a commercial property rated F or G can't be let without a registered exemption.
How it compares
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Create an accountHistory
- First listed on Cornerlot 11 Oct 2026.
Strettons' record
Strettons' results: included with access, £49 a month. Start with a free account.
Create an accountAbout the lot
Freehold commercial lot in Barking and Dagenham.
FREEHOLD SITE WITH NINE LOCK UP GARAGES AND DEVELOPMENT POTENTIAL PRODUCING £15,720 P.A. The asset comprises a freehold site extending to approximately 0.11 acres (445 sqm) upon which are situated nine lock-up garages. Vehicular access is provided via the driveway between Nos. 3 and 5 Horace Avenue, with a secure gated entrance providing additional security for occupiers. Each garage extends to approximately 128 sqft (11.8 sqm) internally and has benefited from recent improvements including replacement Hormann metal up-and-over doors together with new metal roofs, reducing the likelihood of immediate capital expenditure for a purchaser. Based upon the information provided, each garage is currently let under a garage tenancy agreement, with vacant possession capable of being obtained by serving three months' notice where required, offering purchasers flexibility for future asset management or alternative use, subject to the relevant consents.
Figures come from Strettons' published lot details and Cornerlot's own record of UK auction results. They're calculations, not advice or a valuation: read the legal pack and take professional advice before you bid.