Retail Space for sale in Romford

View the "Retail in South Street, Romford" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 I had a great response from potential buyers which resulted in 3 offers for my business. 

Peter Webber (March 2014)
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Leasehold Price: £35,000
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Business Description
Location
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.

Description
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.

Accommodation
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.

Terms
This leasehold is held on a 14 year lease which commenced in July 2011 with a 5-yearly rent review period.

Rent
Passing Rent of £35,000 per annum exclusive

VAT
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.

Business Rates
The rateable value is £21,750 as per the 2010 rating list. Interested parties are encouraged to verify the rates through their own enquiries.

Legal Fees
Ingoing tenant to pay reasonable Landlords’ legal costs.

Viewing
Viewings highly recommended. If you are interested in viewing this property please contact your agent at ORE on 02084729090.
Tenure: Leasehold

Leasehold Term:

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

Website:

Downloadable Documents

Listed by: Oakville Real Estates
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