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The West End office of Lambert Smith Hampton is advising Richardson Cordwell. Dencora Properties Ltd have obtained planning consent for their latest speculative industrial/warehouse development to be located at the junction of Ripple Road and Alfreds Way on the A13 in Barking The seven unit development will provide five terraced units of 5400 sq.ft. (502 sq.m) each and two stand alone buildings of 14000 sq.ft. (1300 sq.m) and 15000 sq.ft. (1394 sq.m).

The Invicta Centre, as the development will be known will be Barking's first speculative development for almost a decade and will hopefully satisfy part of the pent up demand which has built up due to the lack of existing accommodation in and around the borough One unit has already been reserved at a rent of £6.50 psf on a 15 year lease.

Contractors are presently on site with the development scheduled for completion June 1999 Further information on the development can be obtained from the developers agents. Greater Manchester Pension Fund have sold the 1,782 sq m (19,191 sq ft) In a simultaneous transaction, RM Customs & Excise (Secretary of State for the Environment) who was the existing tenant advised by Weatherall Green & Smith and Lambert Smith Hampton - have surrendered the 17 years remaining on their leasehold interest after paying Ujima House the sum of £1.52 million The tenant was paying an annual rent of £245,600 pa on a 25-year lease from 25th December 1990.

The processes that a property valuer carries out is full of legal documentation and formalities including the inspection of the building, considering the factors such as available amenities, garden in the building, lawn in the building, parking space for cars and two wheelers, the modern amenities such as modular kitchen and the entire interiors and exteriors of the building including the age and structure of the property that is being valued.

By agreeing a simultaneous purchase and surrender this enabled Customs & Excise to extract themselves from a very onerous situation on a building that was not required for their occupation FPDSavills advised Ujima Housing Association.

A new Church building will replace the Walham Green Methodist Church Hall and 6 new flats and parking facilities totalling 146 spaces will also be provided.