Ground Floor 83, Main Road, Romford, RM2

The property comprises a mid-terrace ground floor lock-up shop currently trading as a coffee shop. The property benefits from a fully glazed frontage.

The property is currently let to Scoffs (Essex) Limited (trading as Costa Coffee) on a lease dated 14 June 2023 for a term of 10 years with a tenant only option to break on 14 June 2029. Passing rent is £20,500 per annum exclusive and there is a rent review dated 14 March 2028. A security deposit equivalent to 3 months' rent is held for the duration of the term. The lease is inside the Landlord & Tenant Act 1954.

Location

The property is situated in a prominent position within an established retail parade on Main Road, Gidea Park, approximately 2 miles east of Romford Town Centre. Main Road is a main thoroughfare linking Romford Town Centre with Gallows corner, which provides direct access to the A12 and A127, providing excellent road links throughout Greater London. The property is within walking distance to Gidea Park station (Elizabeth line), providing direct services to Stratford and Liverpool Street.

Service Charge Comments

A service charge is applicable. Further details on application.

VAT

All rents, prices and premiums are exclusive of VAT under the Finance Act 1989.

Rating

Interested parties are advised to make their own enquiries of the London Borough of Havering.

Legal Costs

Each party to bear their own legal costs incurred in this transaction.

EPC

An EPC is commissioned at band B.

Tenure Comments

The property is available for sale on a long leasehold basis with the benefit of the existing lease, full details available on request.