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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 advance619A First floor flat let on an Assured Shorthold Tenancy - Rent is £1,300.00 per calendar month paid in advance
Tenure : Freehold