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SOLD STC

Tudor Parade, High Road, Romford, Essex, RM6

Guide Price
£185,000

Business rates & charges may apply

Royal Estates Commercial, Nationwide
SIZE

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SECTOR

Commercial property for sale

Key features

  • UNDERTHEHAMMER.COM

Description

For Sale by online auction with Royal Estates Tuesday 5th - 7th March 2024. Guide Price £185,000. A ground floor commercial retail investment.

VIEWING DAYS & TIME:

Please Enquire for viewing availability.

A ground floor commercial investment premises which is located on a busy road with ample passing trade and a wide variety of blue chip companies close by including Tesco, Poundland, Post Office and much more. 

The commercial premises is currently rented for £1350PCM (£16,200PA) which is currently let with a 15 year FRI lease, with 12 years remaining, and a rent review in 2025. 

We have been advised that the shop is leasehold. 

Service Charge: £1087.79 (approx)

Ground Rent: £100PA (approx)

Lease Length: 995 years (approx)

Please note that the completion date for this property will not be effected by the Christmas period. 

**FREE VALUATIONS** 

For a free valuation on your property, worth £30, contact Royal Estates directly OR scan the QR code pictured above.  

BIDDING

For bidding please visit the bidding platform: underthehammer. com

*START PRICES & RESERVE PRICES

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest.

EPC

EPCs can be viewed in full on the website underthehammer. com on the sales details page or in the legal pack.

UNCONDITIONAL AUCTION DETAILS

Contracts are exchanged immediate at the end of the auction and a 5% deposit will be taken from the highest bidder. THIS DEPOSIT WILL CONTRIBUTE TOWARDS THE PURCHASE PRICE.

Completion will be 8 weeks. 56 days)

Every buyer must first create an account at underthehammer. com platform, Remote bidding facilities are also available, contact Royal Estates for further details.

FULL TERMS & LEGAL DOCUMENTATION

Available on the platform underthehammer. com

 

Tudor Parade, High Road, Romford, Essex, RM6

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Chadwell Heath Station0.3 miles
  • Goodmayes Station1.0 miles
  • Seven Kings Station1.6 miles

About Royal Estates Commercial, Nationwide

Head Office, 464 Bearwood Road, Bearwood, Birmingham, B66 4HA

At Royal Estates, our experienced team of commercial property agents focus on industrial, warehouse, office and retail properties. We let, sell and manage commercial properties across the whole of the UK, focusing in and around Birmingham, the Black Country, West Midlands, Worcestershire and Shropshire.

Our team have an understanding of the property market, allowing us to give pragmatic, targeted advice on the disposal and acquisition of both freehold and leasehold properties. Throughout our years in the property market, we have established an extensive network of contacts which enables us to market properties effectively, whether you are buying, selling or letting.

We respond instantly to new enquiries, arranging viewings at the earliest opportunity to convert the highest percentage of enquiries into lettings or sales. Whether your property is a warehouse, factory, office, shop or restaurant, we ensure that your property is sold or let quickly and efficiently.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 2676. 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 Royal Estates Commercial, Nationwide. 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.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Royal Estates Commercial, Nationwide on 0121 387 6840.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Map data ©OpenStreetMap contributors.

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