Upminster Road South, Rainham, Havering, London, RM13

Rainham is a suburb of East London within the LBoHavering approximately 13.6 miles east of Charing Cross. The subject property forms part of an established retail thoroughfare in the heart of Rainham north of the A13 which provides access to the national motor way system via junctions 30 & 31 of the M25.

Rainham overground station (Tilbury and Southend Line) is approximately 300 meters away providing regular service to Fenchurch Street, London in c25 minutes.

The building comprises of a mid terrace building over basement, ground and 2x upper floors. The ground and basement floors benefit from rear access for off street loading and demised parking and are let on an effective FR & I lease whilst the split level maisonette over first and second floors is sold off on a long lease.

Approximate floor areas and dimensions as follows:

Internal width - 13'8", ground floor shop with stores - 644 sq.ft. (59.83 sq.m.), basement stores - 532 sq.ft. (49.42 sq.m.), Total - 1,176 sq.ft. (109.25 sq.m.), ITZA - 460 sq.ft.

* Floor area taken from VO website.

The entire ground and lower ground floors are let to two private individuals trading as VS Wines for a term of 7 years expiring 1 April 2026 without further review at a rental of £14,500 pa exclusive.

The building is available on a Freehold basis. Offers are sought in excess of £175,000 for the freehold interest subject to the aforementioned Tenancy.

A purchase at this level reflects a gross initial yield of 8.3% before costs.

All rents, prices and premiums are exclusive of VAT under The Finance Act 1989. Accordingly, interested parties are advised to consult their professional advisers as to their liabilities, if any, in this direction.

An EPC will be available shortly.

Purchaser to be responsible for the Vendors reasonable legal costs incurred.

It is recommended that applicants seek independent professional advice before entering into a contract on this property. It is required to gain proof of identity from companies and individuals before accepting an offer for any property.

Reference to all/any services, utilities or Fixtures & Fittings in these particulars does not imply they are in full and efficient working order.

Viewing strictly by arrangement via this office.

These particulars do not constitute an offer or contract, contained herein. No responsibility is accepted by Adam Stein & Co. Ltd (and/or their joint agents where applicable) as to the accuracy of these particulars or statements Applicants should satisfy themselves as to the correctness of the details. All rents/prices/premiums quoted are exclusive of VAT (where applicable).