TypeRetail Investments · Office Investments · Residential Investments · Assured Shorthold Tenancies
TenureFor sale
621 Romford Road - Coffee shop arranged over ground, lower ground and basement floor levels with single-storey workshop extending to the rear boundary, accessible from within the commercial demise or from Clarence Road to the rear.
623 Romford Road - Signage company arranged over ground, lower ground and basement floor levels. There is also a single-storey extension to the rear of 621 Romford Road which is used as a workshop and similarly has it's own entrance from Clarence Road but also interconnects to the basement.
The upper parts are arranged as split-level 3 bedroom maisonettes, each with their own independent entrance from the front elevation of the building.
621 Romford Road - 20 years from July 2020 at a rental of £33,600 p.ax with rolling Tenant break giving 6 months' notice.
621a - Let on an AST at £1,600.00 pcm.
623 Romford Road - 5 years from December 2023 at a rental of £20,000.00 p.ax.
623a - Let on an AST (expired) at £1,200.00 pcm.
The total combined income is therefore £87,200 p.a.
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.
No VAT