Guide price
£395,000
Retail premises for saleUnit 1 & 1A Tollgate House, 96 Market Place, Romford, Essex RM1
Auction
Freehold
About this property
For sale by auction 3rd April 2025 at 12:00 £395,000 plus
commercial investment producing £27,000 P.A.
Location & Description
Comprising two commercial units forming part of Tollgate House which was constructed in 2006 as part of Phase 1 of the Market Place redevelopment.
Romford town centre has excellent communications via the A12 which connects to the M25 (Junction 28). Romford Railway Station is within about mile.
Accommodation
Unit 1: 1,611 sq ft (149.7 sqm)
Unit 2: 775 sq ft (72 sq m)
Tenancy Details
Unit 1:
Let to Romford Tollgate House Ltd (for use as storage) for 18 months from 21.11.2024 at £12,000 p.a. Rolling break clause on a weeks' notice.
Unit 2:
Let to crc (London) Ltd for 5 years from 20.09.2021 at £15,000 p.a.
Note
1. VAT is payable.
2. The property is currently undergoing building work for the conversion of the upper floors to residential.
3. The provisions of Sections 24-28 of the Landlord & Tenant Act 1954 (security of tenure) are excluded in respect of both tenancies.
Producing £27,000 p.a.
EPC Rating
Unit 1 & Unit 1a = B
Auction Surveyor: Michael Mercer
Contact:
commercial investment producing £27,000 P.A.
Location & Description
Comprising two commercial units forming part of Tollgate House which was constructed in 2006 as part of Phase 1 of the Market Place redevelopment.
Romford town centre has excellent communications via the A12 which connects to the M25 (Junction 28). Romford Railway Station is within about mile.
Accommodation
Unit 1: 1,611 sq ft (149.7 sqm)
Unit 2: 775 sq ft (72 sq m)
Tenancy Details
Unit 1:
Let to Romford Tollgate House Ltd (for use as storage) for 18 months from 21.11.2024 at £12,000 p.a. Rolling break clause on a weeks' notice.
Unit 2:
Let to crc (London) Ltd for 5 years from 20.09.2021 at £15,000 p.a.
Note
1. VAT is payable.
2. The property is currently undergoing building work for the conversion of the upper floors to residential.
3. The provisions of Sections 24-28 of the Landlord & Tenant Act 1954 (security of tenure) are excluded in respect of both tenancies.
Producing £27,000 p.a.
EPC Rating
Unit 1 & Unit 1a = B
Auction Surveyor: Michael Mercer
Contact:
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Monthly repayment
£1,975 per month
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