621/621a Romford Road, London, E12
£253.81 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,758 sq ft
256 sq m
- SECTOR
High street retail property for sale
- USE CLASSUse class orders: A1 Shops, A2 Financial and Professional Services, A3 Restaurants and Cafes, C3 Dwelling Houses and Class E
A1, A2, A3, C3, E
Key features
- Fully Let
- Cap val. of £259 psf (asking)
- Gross yield of 7.55% (asking)
Description
The property is situated within a local parade of shops fronting Romford Road (A118). Woodgrange Park Station and Manor Park Station are both walking distance from the premises, servicing frequent journeys directly to Ilford, Stratford and Liverpool Street.
ACCOMMODATION
Comprising commercial premises over ground, lower ground and basement floor levels (and with front forecourt) with residential upper parts arranged as a split-level 3 bedroom masionette benefiting from an independent entrance from the front elevation of the building. There is also a single-storey rear extension used as a workshop and which is demised within the commercial lease - it is accessible from either the lower ground floor of the commercial unit or from Clarence Road to the rear.
LEASE TERMS
621 Romford Road - 20 years from July 2020 at a rental of £28,000 p.ax with rolling Tenant break giving 6 months' notice.
621a - Let on an AST at £1,650.00 PCM ie. £19,800 p.ax
The total combined income is therefore £47,800 p.a.
Brochures
621/621a Romford Road, London, E12
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Woodgrange Park Station0.1 miles
- Manor Park Station0.2 miles
- East Ham Station0.8 miles
Notes
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