Guide price
£225,000
Retail premises for sale1-2 Fairview Parade, Mawney Road, Romford, Essex RM7
Auction
Freehold
About this property
For sale by auction 16th April 2026 at 12:00 £225,000 plus
freehold investment producing £22,000 P.A.
Location & Description
Comprising a ground floor shop with parking for 3 cars plus an additional shop and flat above (both sold on long leases). Forming part of a local parade which includes a Tesco Express, just off St Edwards Way and about mile from the town centre and Romford station.
Accommodation
Ground Floor Shop: gia 627 sq ft (58.2 sq m)
Three forecourt parking spaces
Tenancy Details
1 Fairview Parade: Let on a repairing and insuring lease to an individual (t/a rm Mini Market) for 10 years from 23.10.2025 at £22,000 p.a. Rent Review 2030.
2 Fairview Parade: Sold on a 999 year lease from 2026 at a peppercorn.
2a Fairview Parade (First Floor Flat): Sold on a 189 year lease from 27.04.1982 at a peppercorn.
Note
1. 3 month rent deposit held (£5,500).
2. No VAT
3. 6 week completion
Auction Surveyor: Robert Woolfe
Contact:
Producing £22,000 P.A.
EPC Rating
B
freehold investment producing £22,000 P.A.
Location & Description
Comprising a ground floor shop with parking for 3 cars plus an additional shop and flat above (both sold on long leases). Forming part of a local parade which includes a Tesco Express, just off St Edwards Way and about mile from the town centre and Romford station.
Accommodation
Ground Floor Shop: gia 627 sq ft (58.2 sq m)
Three forecourt parking spaces
Tenancy Details
1 Fairview Parade: Let on a repairing and insuring lease to an individual (t/a rm Mini Market) for 10 years from 23.10.2025 at £22,000 p.a. Rent Review 2030.
2 Fairview Parade: Sold on a 999 year lease from 2026 at a peppercorn.
2a Fairview Parade (First Floor Flat): Sold on a 189 year lease from 27.04.1982 at a peppercorn.
Note
1. 3 month rent deposit held (£5,500).
2. No VAT
3. 6 week completion
Auction Surveyor: Robert Woolfe
Contact:
Producing £22,000 P.A.
EPC Rating
B
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Monthly repayment
£1,125 per month
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