Offers over
£700,000
(£253.81/sq. ft)
Retail premises for saleRomford Road, London E12
2,758 sq. ft
About this property
Fully Let
Cap val. Of £259 psf (asking)
Gross yield of 6.82% (asking)
Location
The property is situated within a local parade of shops fronting Romford Road (A118). Woodgrange Park Station and Manor Park Station are both walking distance from the premises, servicing frequent journeys directly to Ilford, Stratford and Liverpool Street.
Accommodation
Comprising commercial premises over ground, lower ground and basement floor levels (and with front forecourt) with residential upper parts arranged as a split-level 3 bedroom masionette benefiting from an independent entrance from the front elevation of the building. There is also a single-storey rear extension used as a workshop and which is demised within the commercial lease - it is accessible from either the lower ground floor of the commercial unit or from Clarence Road to the rear.
Lease terms
621 Romford Road - 20 years from July 2020 at a rental of £33,600 with rolling Tenant break giving 6 months' notice.
621a - Let on an AST at £1,650.00 pcm ie. £19,800
The total combined income is therefore £47,800 p.a.
The property is situated within a local parade of shops fronting Romford Road (A118). Woodgrange Park Station and Manor Park Station are both walking distance from the premises, servicing frequent journeys directly to Ilford, Stratford and Liverpool Street.
Accommodation
Comprising commercial premises over ground, lower ground and basement floor levels (and with front forecourt) with residential upper parts arranged as a split-level 3 bedroom masionette benefiting from an independent entrance from the front elevation of the building. There is also a single-storey rear extension used as a workshop and which is demised within the commercial lease - it is accessible from either the lower ground floor of the commercial unit or from Clarence Road to the rear.
Lease terms
621 Romford Road - 20 years from July 2020 at a rental of £33,600 with rolling Tenant break giving 6 months' notice.
621a - Let on an AST at £1,650.00 pcm ie. £19,800
The total combined income is therefore £47,800 p.a.
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