£750,000
Retail premises for saleFarnes Drive, Gidea Park RM2
Available immediately
Freehold
About this property
Freehold for sale
Rare opportunity
Currently producing £43,600 pa with uplift in September 2026
Access road included in title
Two adjoining warehouses
Close to gallows corner, A12, A127 & M25
Description
An opportunity to purchase the freehold to two adjoining warehouses currently producing £43,600 pa giving a 5.81% yield at the asking price which increases to £46,000 pa on 1st September 2026 uplifting the yield to 6.13%.
Constructed in 2025, both units offer just over 1000 sq ft, have three allocated parking spaces each and are located close to Gallows Corner, Romford giving easy access to the A127, A12 and M25.
Unit A is let to a company that services high end cars and unit B is also let to a construction company who are currently investing in the property by partitioning it into several offices and have already installed a mezzanine floor.
The freehold title includes the access road to the properties and viewings must be made via Delaney's.
Tenure: Freehold
Access
Both units are approached by a shared service road that is included in the freehold title.
Entrance
Unit A
Electric roller shutter, door and double glazed window to:
Warehouse approx. 37ft x 28ft, sink unit, wc and fire escape door to rear.
Warehouse
Unit B
Electric roller shutter, door and double glazed window to:
Warehouse approx. 35ft 4 x 26ft 9. This is currently being partitioned into a kitchen, wc and offices and already has fire escape door to rear and mezzanine for storage.
Parking
Both units benefit from 3 allocated spaces plus a bike and bin area.
An opportunity to purchase the freehold to two adjoining warehouses currently producing £43,600 pa giving a 5.81% yield at the asking price which increases to £46,000 pa on 1st September 2026 uplifting the yield to 6.13%.
Constructed in 2025, both units offer just over 1000 sq ft, have three allocated parking spaces each and are located close to Gallows Corner, Romford giving easy access to the A127, A12 and M25.
Unit A is let to a company that services high end cars and unit B is also let to a construction company who are currently investing in the property by partitioning it into several offices and have already installed a mezzanine floor.
The freehold title includes the access road to the properties and viewings must be made via Delaney's.
Tenure: Freehold
Access
Both units are approached by a shared service road that is included in the freehold title.
Entrance
Unit A
Electric roller shutter, door and double glazed window to:
Warehouse approx. 37ft x 28ft, sink unit, wc and fire escape door to rear.
Warehouse
Unit B
Electric roller shutter, door and double glazed window to:
Warehouse approx. 35ft 4 x 26ft 9. This is currently being partitioned into a kitchen, wc and offices and already has fire escape door to rear and mezzanine for storage.
Parking
Both units benefit from 3 allocated spaces plus a bike and bin area.
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Monthly repayment
£3,751 per month
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