Retail Property (high street) for sale471 Romford Road, London E7 8AB
Located on the northern side of Romford Road on the junction with Balmoral Road. Romford Road (1118) is one of the main road routes connecting the City, Stratford and East London. Various bus routes serve this part of Romford Road. Woodgrange Park and Forest Gate (National Rail) stations are within walking distance.
The current retail tenant is a Remax estate agency franchisee Passing rent of £16,000 pa New A2 tenancy secured in 2017. 12 year lease inside the Security of Tenure Provisions of the Landlord & Tenant Act 1954 Part II, Tenant only break clause at the end of year 4, subject to a 6 month notice period The freehold interest will include the commercial rent plus ground rent from 7 units which have already been sold off on long leasehold(3 x commercial @£100 pa and 4 x residential @£100 per annum).
12 year lease inside the Security of Tenure Provisions of the Landlord & Tenant Act 1954 Part II, Tenant only break clause at the end of year 4, subject to a 6 month notice period
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