A freehold investment property comprising a Ground Floor Shop and refurbished self-contained 3 bed residential accommodation.

Key Features

• Freehold Investment in the London Borough of Havering
• Prominent location closeby to a number of High Street multiples
• Local area served by Romford Rail Station (2.4m distance)
• Excellent London Bus services to local destinations
• Retail location with busy footfall and vehicular traffic
• Valuable E Class Use on the ground floor
• Parking to the rear of the property

Description

The subject property comprises of a detached two storey traditional brick built premises with the benefit of a loft conversion to offer a self-contained commercial unit on the ground floor with a separate 3 bedroom maisonette on the first and second floors. The refurbished maisonette is accessed from the flank elevation of the property and benefits from both double glazing and gas central heating. There is a car parking space to the rear of the property.

Available area

Location

The property is located within the central retail area of Collier Row within the London Borough of Havering, on the south side of the road, just to the west of the roundabout junction with the B174 heading south to the A12 and towards Romford, the B1459 heading East and Clockhouse Lane heading North. The retail shop is represented by a number of High Street shops to include Greggs, Card Factory, Savers, KFC, Dominoes, Tescos and Lloyds to name a few.

Tenure

The commercial unit is currently occupied on a tenancy agreement for 1 year at a rent of £12,000 pax, with effect from 31st August 2022. The first and second floor 3 bed maisonette is due to be let on a separate Assured Shorthold Tenancy Agreement at a rent of £1,300 per calendar month. (£15,600pa) The total expected income is: £27,600 per annum.

Viewings

Strictly by appointment through the sole agent

Legal Costs

Each party to bear their own legal costs incurred in this transaction.