Commercial Property for sale - 173 & 175 South Street, Romford,

£750,000

Property information

Type:

Sale

Address:

Romford, RM1 1PL

Categories:

Commercial Property, Shops

Listed on:

12-08-2014

Commercial

England

S.O.A.


Description

Location:

The property is situated within a busy prominent parade just outside the town centre, close to the junction of Victoria Road. Romford British rail station is within an approximate 5 minutes' walk away.

Accommodation & Tenancies

173 & 175a South Street

Shop

Ground floor shop t/as Londis Supermarket currently let out on a lease for a term of 18 years subject to 5 yearly reviews at a current passing rent of £25,000 pax.

Residential (accessed at rear from Kingsmead Avenue)

31 Station Parade (1st floor) - 2 bed flat - Let on an AST at £800 pcm

48 Station Parade (2nd floor) - 2 bed flat - let on an AST at £650 pcm

175 South Street

Shop

Ground floor shop t/as Grillish currently let out on a lease for a term of 20 years from Jan 2010 7 is subject to rent reviews in Jan 2018 and 5 yearly thereafter at a passing rent of £10,000 pax

Residential (accessed at rear from Kingsmead Avenue)

32 Station Parade (1st floor) - 2 Bed flat sold off on a 99 year lease from June 2003 @ £100 per annum

49 Station Parade (2nd Floor) - 2 Bed flat sold off on a 99 year lease from June 2003 @ £100 per annum

Combined rental income - £52,000 pax

Guide Price

Offers are sought in the region of £750,000 for the freehold interest.

Legal Costs

Each party to bear their own legal costs




Disclaimer

Property reference: cpuz6iuczj

The information exhibited about this property relates to a property listing advertisement. Commercial People Ltd makes no assurances as to the accurateness or completeness of the said advertisement or any connected or associated information. Commercial People Ltd has no control over the content of the advertisement. This property advertisement does not constitute property particulars. All information is provided and maintained by Countrywide Commercial. In the event of any discrepancies, we ask that you please contact the selling agent or developer directly.

This property is marketed by:

Countrywide Commercial
Connaught House, Broomhill Road, Woodford Green

View more properties from this agent

Reference: cpuz6iuczj

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