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property information
Commercial
Type: For sale
Address: 173 & 175 South Street, Romford,
Categories:
Retail Property (high street)
Shop
Price: £750,000

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


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Retail Property (high street) for sale - 173 & 175 South Street, Romford,

Listed on: 12 August 2014
£750,000
Marketed by
Countrywide Commercial
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