FOR SALE FREEHOLD - FULLY LET AND INCOME PRODUCING MIXED-USE INVESTMENT
621/621A ROMFORD ROAD, LONDON, E12 5AD

Key Features

•  Fully Let
•  Cap val. of £254 psf (asking)
•  Gross yield of 6.82% (asking)

Location

The property is situated within a local parade of shops fronting Romford Road (A118). Woodgrange Park Station and Manor Park Station are both walking distance from the premises, servicing frequent journeys directly to Ilford, Stratford and Liverpool Street.

Accommodation

Comprising commercial premises over ground, lower ground and basement floor levels (and with front forecourt) with residential upper parts arranged as a split-level 3 bedroom masionette benefiting from an independent entrance from the front elevation of the building. There is also a single-storey rear extension used as a workshop and which is demised within the commercial lease - it is accessible from either the lower ground floor of the commercial unit or from Clarence Road to the rear. Approximate areas are as follows:

621 Romford Road	2,014 sq.ft ( 187.11 m2  )
621a Romford Road	744 sq.ft ( 69.12 m2  )
Total	2,758 sq.ft ( 256.23 m2  )

Lease Terms

621 Romford Road - 20 years from July 2020 at a rental of £28,000 p.ax with rolling Tenant break giving 6 months' notice.

621a - Let on an AST at £1,650.00 PCM ie. £19,800 p.ax

The total combined income is therefore £47,800 p.a.

Price

Rates

Business Rates & Council Tax

Purchasers are advised to make their own enquiries through the London Borough of Newham.

Energy Performance Asset Rating

EPC Awaited

A+
A
B
C
D
E
F
G

VAT

Value Added Tax (VAT) is not applicable in relation to the sale of this property.

Legal Costs

Each party to bear their own.

Viewing

Strictly by prior appointment with sole selling agents Taylor Freeman Kataria

Contact:

Rajiv Kataria MRICS

Rajiv@cliffords-estates.co.uk

Priya Parmar MRICS

PParmar@cliffords-estates.co.uk