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Shopping Centre Investments
Romford Shopping Hall, Market Place, Romford, RM1
Under offer 1,063 - 3,460 sf
Shopping Centre Investments for Sale
Romford Shopping Hall, Market Place, Romford, RM1
Under offer
Location
The properties are situated at first floor level with Romford Shopping Hall in the Market Place of Romford town centre. Located next to the NHS Mawney Medical Clinic. Within Romford town centre there is a mix of national and local occupiers providing a range of services. The property is less than 0.5 miles to Romford train station which provides a regular service into London via the TFL Rail (Elizabeth) line.Service Charge Comments
A service charge is applicable. Further details .
VAT
All rents, prices and premiums are exclusive of VAT under the Finance Act 1989.
Rating
Further information available on request.
Legal Costs
Each party to bear their own legal costs incurred in this transaction.
EPC
EPCs have been commissioned at Band B for both units respectively.
Tenure Comments
The properties are available on a virtual freehold basis by way of a new 999 year lease. Both properties have the benefit of being fully let. Unit 2A is currently let on an IRI lease with a break in March 2027, expiring in March 2045 with 5 yearly rent reviews, at a passing rent of £21,000 per annum exclusive. Unit 2B is currently let on an IRI lease expiring in November 2027, at a passing rent of £15,000 per annum exclusive.
Amenities
Town centre locationFully let investments
Rental Income £36,000 pa
2a break March 2027
2b expiry Nov 2027
Related links
Investment property for SaleInvestment property for Sale in RomfordKemsley LLP
01708 766 733