9/9a Clockhouse Lane, Colliers Row, Romford, Essex, RM5 3PH
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- SIZE
Ask agent
- SECTOR
Mixed use property for sale
Key features
- FOR SALE BY AUCTION ON THURSDAY 30TH OCTOBER 2025 (UNLESS SOLD PRIOR).
- High Street Location
- Producing £18,000 per annum
- FREEHOLD
- In the same family ownership for over 28 years
- Ground Floor Shop & Self-Contained Flat
Description
In this established retail parade at the intersection of Clockhouse Lane and Collier Row Road, amongst multiples such as Savers, Costa Coffee, KFC, Greggs, Domino's and a host of independent traders.
This shopping centre serves the surrounding residential area approximately 1½ miles from Romford Town centre and 14 miles northeast of Central London.
PROPERTY
Forming part of a retail parade comprising a Ground Floor Shop with separate rear access via a communal balcony to a Self-Contained Flat on first and second floors. The property includes a rear concreted parking area accessed via a service road.
ACCOMMODATION
Ground Floor Shop
Gross Frontage 17'0"
Internal Width 16'6"
Shop Depth 38'6"
Built Depth 48'10"
WC
First & Second Floor Flat
4 Rooms, Kitchen, Bathroom/WC
GIA Approx. 780 sq ft
VAT is NOT applicable to this Lot
FREEHOLD
TENANCY
The entire property is let on a full repairing and insuring lease to Shahan Ali (t/a Gadget Exchange) for a term of 15 years from 24th June 2012 at a current rent of £18,000 per annum exclusive.
Rent Reviews June 2017 & 2022 (both outstanding)
Note 1: No. 7/7a Clockhouse Lane is also being offered for sale in this Auction - see Lot 1.
Note 2: The flat is currently sub-let on an AST at a rental of £12,000 p.a. from 2021.
Note 3: There is a Rent Deposit of £4,500 being held.
Note 4: 6 week completion.
Brochures
9/9a Clockhouse Lane, Colliers Row, Romford, Essex, RM5 3PH
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Romford Station1.9 miles
- Gidea Park Station2.2 miles
- Chadwell Heath Station2.6 miles
Notes
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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 Barnett Ross, Barnett Ross on 020 8106 0950.
*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.”
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