OF INTEREST TO OWNER OCCUPIERS AND INVESTORS - HIGHLY REVERSIONARY LIGHT INDUSTRIAL/WAREHOUSE/STORAGE UNIT WITH PARKING FOR SALE
ADEC HOUSE, UNIT H, CHESHAM CLOSE, ROMFORD, RM7 7PJ

Key Features

•  Highly reversionary
•  Low cap. val of c. £103 psf
•  Parking/loading/unloading

Location

The property is located on an established Business Centre located to the north of Romford town centre, a short distance from the A118 Ring Road. The A12 runs to the north of the property and provides access to junction 28 of the M25 motorway to the east, the A406 (North Circular Road) and City of London to the West. Romford railway station is situated within one mile, offering access into Central London via the Elizabeth line and National Rail services.

Accommodation

Two-storey brick built industrial/warehouse on a 0.3 acre plot. In it's current configuration, there is a shared/communal entrance providing access to a trade counter unit (with ancillary offices) at ground floor level and an internal staircase to the first floor which is arranged as predominantly open plan office accommodation with staff facilities. The upper parts can also be accessed by virtue of an external staircase to the rear of the building. There is ample parking against the flank wall and to the rear yard. Approximate areas are as follows in accordance with the RICS Code of Measuring Practice (6th Edition) on a Gross Internal Area (GIA) basis:

Ground Floor	6,557 sq.ft ( 609.16 m2  )
First Floor	6,557 sq.ft ( 609.16 m2  )
Total	13,114 sq.ft ( 1218.33 m2  )

Lease Terms

The ground floor is rented to Openview Security Solutions PLC for a term of 5 years from March 2022 at a rent of £32,898.36.The first floor is to be vacant at the point of sale.

Price

Rates

Rateable Value

The current Rateable Value for the ground floor is £40,250 and for first floor, £26,500.

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 legal fees.

Viewing

Strictly by prior appointment with joint sole selling agents Taylor Freeman Kataria and AC Commercial

Contact:

Rajiv Kataria MRICS

Rajiv@cliffords-estates.co.uk

Priya Parmar MRICS

PParmar@cliffords-estates.co.uk

Andrew Caplin

info@ac-commercial.com