Commercial Property for sale

Chase Cross Road, Romford, Essex, RM5

Sold STC 816 sq. ft. | £270,000

Property Description

Commercial information

  • 816 sq ft (75 sq m)

Key features

  • Retail Unit
  • Prep Room
  • Walk-in fridge/store
  • Self-contained two bedroom flat
  • Freehold offers in excess of 270,000

Full description

Tenure: Freehold

DESCRIPTION AND LOCATION

Situated in an established retail parade in the centre of Collier Row with surrounding tenants such as Wetherspoons, Greggs, Betfred, Lloyds TSB and Natwest Bank. The unit trades as Pizza Hut Delivery with the lease being held in the parent company name, this having been recently renewed for a further 10 year term. The entire property is let on one lease with the first floor being a self-contained flat currently let out by YUM on an Assured Shorthold Tenancy.

ACCOMMODATION

GROUND FLOOR
RETAIL UNIT TOTAL APPROXIMATE AREA: 471 SQ. FT. (44 SQ. M.)
PREP ROOM TOTAL APPROXIMATE AREA: 161 SQ. FT. (15 SQ. M.)
With access through to an office area and wc's.
WALK-IN FRIDGE/STORE BUILDING TOTAL APPROXIMATE AREA: 184 SQ. FT. (17 SQ. M.)

FIRST FLOOR
Self-contained two bedroom flat let on an Assured Shorthold Tenancy by the tenant.

EXTERNALLY
Rear yard and gates on to Clock House Lane.

TERMS

The lease has recently been renewed for a period of 10 years from the 1st February 2016, with upward only rent reviews at 5 yearly intervals. The lease is on a full repairing and insuring term.

RENT

The current rent is 19,000 per annum exclusive, plus VAT if applicable.

PRICE

Offers in excess of 270,000 Freehold.

BUSINESS RATES (2016/2017)

Rateable Value
6,800

Uniform Business Rate
48p

Rates Payable
3,264

Tenants are advised to confirm the rating liability with Havering Council on 01708 434343.

LEGAL COSTS

Ingoing tenants to be responsible for the landlords legal costs.

VIEWING

Strictly by prior appointment via vendor's sole appointed agents:

Ayers & Cruiks
01702 343060

More information from this agent

Nearest stations

  • Romford (1.9 mi)
  • Gidea Park (2.2 mi)
  • Chadwell Heath (2.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Ayers & Cruiks, Southend - Commercial

86-88 Baxter Avenue, Southend-On-Sea, SS2 6HZ

01702 744038 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Romford (1.9 mi)
  • Gidea Park (2.2 mi)
  • Chadwell Heath (2.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Ayers & Cruiks, Southend - Commercial

86-88 Baxter Avenue, Southend-On-Sea, SS2 6HZ

01702 744038 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 3ChaseCrossRoad. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Ayers & Cruiks, Southend - Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.