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Freehold Investment For Sale

 Romford Manor Park, E12
Offers in the region of £1,100,000

Property Information

  • Reference number RomfordRdE12
  • Property Type Commercial
  • Furnishing Part Furnished
  • Tenure Freehold
  • Current Occupant External Tenant

Location

Romford Manor Park, E12

Property description

617 & 619 Romford Road, London E12 5AD


Fantastic opportunity to acquire a Freehold Investment opportunity consisting of 2 x commercial Properties and 2 x 2 bedroom flats with an additional rear yard currently used as a workshop.

Location: 

The property is situated in a busy location on Romford Road within a very busy parade, opposite Woodgrange park station and also benefiting from being a short walk to Manor Park Station (therefore benefits from a very busy footfall).

Description: 

Arranged as mid-terraced mixed-use property trading as a an Accountants office and an Estate Agent on the ground floor with 2 x self-contained 2 bed flats accessed from the rear of the property. 

617 Romford Road, E12

Ground floor area:          32.76 m²       352 sq. ft

Lower ground floor:        16.71 m²         180 sq. ft

Basement:                       25.2 m²         271 sq. ft

Total:                                74.67 m²       803 sq. ft

Tenancy Details:

Held on an FRI lease for a term of 10 years from April 2018 at a yearly rent of £13,000 pax subject to 5 yearly rent reviews.


619 Romford Road, E12

Ground floor area:          32.19 m²        346 sq. ft

Lower ground floor:        16.5 m²         177 sq. ft

Basement:                       25.16 m²        270 sq. ft

Total:                                74.29 m²       793 sq. ft


Workshop at rear:           58.85 m²      633 sq. ft

Dead of Variation re lock up workshop to rear completed on 21st September 2020 - £6,000.00 pax.

(Rent review in line with 619 Romford Road, E12 below)

Tenancy Details: 

Held on an FRI lease for a term of 15 years from July 2018 at a yearly rent of £13,000 pax subject to 4 yearly rent reviews.


Residential:  

617A First floor flat let on an Assured Shorthold Tenancy - Rent is £1,150.00 per calendar month paid in advance

619A First floor flat let on an Assured Shorthold Tenancy - Rent is £1,300.00 per calendar month paid in advance


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