For the Seller's Legal Pack, please click the Property Documents tab below
Lot 17
Auction 13th October 2016
Rent £31,910 per Annum Exclusive
Status Sold
Price £327,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Situation
The property is situated in the heart of this busy commuter town, on the northern side of Victoria Road, just off the popular South Street. Romford Railway Station is within a two minute walk and provides direct services to London Liverpool Street. Nearby occupiers include LIDL, Haart, Fitness First and a number of local retailers.
Tenure
Long Leasehold. Held for a term of 250 years from 21/11/2005 until 20/11/2255 at a fixed rent of £2,000 p.a.
Situation
The property is situated in the heart of this busy commuter town, on the northern side of Victoria Road, just off the popular South Street. Romford Railway Station is within a two minute walk and provides direct services to London Liverpool Street. Nearby occupiers include LIDL, Haart, Fitness First and a number of local retailers.
Tenure
Long Leasehold. Held for a term of 250 years from 21/11/2005 until 20/11/2255 at a fixed rent of £2,000 p.a.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises two mid terrace ground floor retail units, with 5 Old Mill Parade benefitting from first floor ancillary accommodation which runs over Units 4, 5 and 6.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
Ground First
Retail Ancillary
28.41 sq m 76.40 sq m
(306 sq ft) (822 sq ft)
INDIVIDUALS t/a Your Move Estate Agents (1)
9 years from 01/11/2013
£19,950
01/11/2018 (31/10/2022)
Ground
Retail
26.08 sq m
(281 sq ft)
INDIVIDUAL t/a Victoria Nails
12 years from 17/05/2009
£11,960
16/05/2017 (16/05/2021)
Total
130.89 sq m
(1,409 sq ft)
£31,910
(1) Your Move Estate Agents are the UK’s biggest single brand estate agent with a network of 285 branches managing in excess of 33,000 properties for landlords throughout the UK. (Source: www.your-move.co.uk 13/09/2016)
