The property is located with frontage to the partially pedestrianised (bus access only) South Street in Romford. The premises is less that 500ft from the Romford Train Station
Romford is the main retail and commercial centre in the London Borough of Havering in the county of Essex. It is located 17 miles north east of Central London and 4 miles north of Dagenham. Romford Train Station is within easy walking distance.
The property comprises a building, with ground floor and first floor retail accommodation. The ground floor area includes front retail sales area, shower room, small storage area and access to first floor. The first floor has retail space, wc facility.
ORE have been informed that a service lift is installed, but is unused and requires repair, extent of which is unknown and it is responsibility of the prospective tenant to investigate the costs of such repair.
Additional facilities include loading bay and rear entrance.
Frontage 17.09ft / 5.21m
Ground Floor Sales Area 1090.7sqft / 101.37sqm
First Floor Retail Area 1111.86sqft /103.33sqm
The above floor areas are approximate and have been measured on a net internal basis.
This leasehold is held on a 14 year lease which commenced in July 2011 with a 5-yearly rent review period.
Passing Rent of £35,000 per annum exclusive
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.
The rateable value is £21,750 as per the 2010 rating list. Interested parties are encouraged to verify the rates through their own enquiries.
Ingoing tenant to pay reasonable Landlords’ legal costs.
Viewings highly recommended. If you are interested in viewing this property please contact your agent at ORE on 02084729090.
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