Suites 5 & 6, Ripon House, Station Lane, Hornchurch, London, RM12

Overview
Ripon House is situated in Station Lane between High Street and Mavis Grove. Road connections are good with the A12, A13, A127 and M25, all within easy driving distance. Public transport facilities include Hornchurch District Line Station situated in Station Lane, Emerson Park Station providing a shuttle service between Upminster and Romford and Upminster Station providing main line services between Southend and Fenchurch Street Station.

The two interconnected offices are located on the first floor of a three story building. Whilst not included in the sale, the ground floor units are occupied as retail units, the first floor are offices and the second floor are residential flats. For avoidance of doubt, only the two first floor offices are being offered for sale.

Each office has been fitted out to a good standard, with kitchen and WC facilities in each. The offices are interconnected via a single door to the rear. Access to the offices is either via a pedestrian entrance door at ground floor level, which leads to a first floor front walkway and there is also a rear walkway.

Within the long leasehold interest being offered there are 8 car parking spaces, 4 per unit which are utilised by the occupiers.

Tenure
The property is offered long Leasehold (Title No's. BGL130744 and BGL105065).

Each lease has a term expiry date of 31st December 2185, thus an unexpired term of circa 160 years.

The current ground rent is £240 pa per unit, which rises by £120 pa every 30 years

Tenancy Details
The current occupiers are also the current owners. They wish to remain in occupation under a market facing commercial lease. The current rents being collected are as follows:

Suite 5 = £21,040 pa
Suite 6 = £20,320 pa

Price
£600,000 for both units

EPC
Suite 5 = C Rating
Suite 6 = C Rating (expired and new report being commissioned)

Business Rates
The properties have the following rateable values:

Suite 5 = £14,250 (Offices and premises)
Suite 6 = £12,250 (Offices and premises)


Services
We understand that the properties benefit from all mains services, save for mains gas.
We also understand that each property benefits from air conditioning.