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£1,500,000
Romford, Essex, FREEHOLD FOR SALE - Located on South Street
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Price:
£1,500,000 Get Prequalified Today
Contact:
02085 218875
Location:
Romford, Gt Lon
Description:
FREEHOLD FOR SALE - Located on South Street, Romford at the junction with Victoria Road. Two storey commercial premises with retail use on the ground floor and office use on the first floor. The current annual income is 97,000 per annum. Please call CLARKE HILLYER on 020 8520 8411 for viewings.
Location
Located on South Street, Romford at the junction with Victoria Road. Romford train station is close by providing a direct connection to London Liverpool Street. The area is well served by buses and the nearest main roads are the A127 and A12 which in turn provide access to the M25.
Description
Two storey building with commercial use on the ground and first floor. Four tenants providing an annual income of 97,000. Details of tenancies are as follows;
153 South Street - let to Aforda Ltd and guaranteed by Mr Winston Sajeev Nirmalanandhan on a 25 year FRI lease from November 2010 at a current rent of 15,000 per annum exclusive with rent reviews every 5 years. The premises is currently trading as an off licence and although we have not been able to carry out an internal inspection we are informed by the VOA that the internal area is 479 square feet (44.5 square metres).
5-6 Station Chambers, Victoria Road - let to Balgores Property Services Ltd on a 15 year FRI lease from September 2007 at a current rent of 20,000 per annum exclusive with rent reviews every 5 years. The premises is currently trading as an estate agents and although we have not been able to carry out an internal inspection we are informed by the VOA that the internal area is 762 square feet (70.8 square metres).
155-159 South Street - let to Woolwich Property Services t/a Haart Estate Agents on a 25 year FRI lease from October 1989 at a current rent of 35,000 per annum exclusive with rent reviews every 5 years. The premises is currently trading as an estate agents. We have not been able to carry out an internal inspection but we are informed by the VOA that the internal area is 1,484 square feet (137.91 square metres).
First Floor 153-159 South Street - let to Roger Meadows and Timothy Moran t/a Meadows & Moran Solicitors at a current rent of 27,000 per annum exclusive. They are holding over from a 20 year lease beginning May 1985 with rent reviews every 5 years. We have not been able to carry out an internal inspection but we are informed by the VOA that the internal area is 2,627 square feet (244.11 square metres).
Terms
The freehold interest is available for 1,500,000.
Business Rates
All interested parties are advised to enquire with the London Borough of Havering.
Legal Costs
Each party to be responsible for their own legal costs.
Viewings
Strictly through sole agents Clarke Hillyer on 020 8520 8411.
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Property Type:
Commercial & Office Space for Sale
Sq feet:
2,627 sq. ft.
For sale by:
Agent/Broker
Phone:
02085 218875
Posted:
Contact:
02085 218875
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Let me know if you have any questions. – Clarke Hillyer
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More About this Listing: Romford, Essex, FREEHOLD FOR SALE - Located on South Street
Romford, Essex, FREEHOLD FOR SALE - Located on South Street is a Commercial Property for Sale in Romford LND. Find other listings like Romford, Essex, FREEHOLD FOR SALE - Located on South Street by searching Oodle Marketplace for Commercial Property for Sale in Romford LND.
Romford, Essex, FREEHOLD FOR SALE - Located on South Street is a Commercial Property for Sale in Romford LND. Find other listings like Romford, Essex, FREEHOLD FOR SALE - Located on South Street by searching Oodle Marketplace for Commercial Property for Sale in Romford LND.