53 - 55 South Street Romford Greater London RM1 1NL

53 - 55 South Street
Romford
Greater London
RM1 1NL

Freehold Retail Investment

Let to Evans Retail Properties Limited
Prime pedestrianised town centre location
Approximately 50 metres from the major Liberty Shopping Centre and close to The Brewery Shopping Centre
Nearby occupiers include Marks & Spencer, Primark, Greggs, Superdrug and Nationwide Building Society
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
2
Auction
26th March 2015
Rent
£42,000 per Annum Exclusive
Status
Sold
Price
£760,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On the instructions of T Perkin and C Hayes-Hall of CBRE Limited acting as Joint Fixed Charge Receivers

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Freehold Retail Investment

Let to Evans Retail Properties Limited
Prime pedestrianised town centre location
Approximately 50 metres from the major Liberty Shopping Centre and close to The Brewery Shopping Centre
Nearby occupiers include Marks & Spencer, Primark, Greggs, Superdrug and Nationwide Building Society
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 2
Auction 26th March 2015
Rent £42,000 per Annum Exclusive
Status Sold
Price £760,000
Sector
High Street Retail
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On the instructions of T Perkin and C Hayes-Hall of CBRE Limited acting as Joint Fixed Charge Receivers

Property Information

Location

Miles: 13 miles north-east of the City of London 7 miles south-west of Brentwood
Roads: A1251, A125, A126, A118, A12
Rail: Romford Railway Station (17 minutes direct to London Liverpool Street)
Air: London City, London Stansted, London Southend and London Gatwick Airport

Situation

The property is situated in the heart of this popular market town on the east side of the busy pedestrianised South Street and close to the major 100+ unit Liberty Shopping Centre and The Brewery Shopping Centre. Neighbouring occupiers include Marks & Spencer, Primark, Greggs, Superdrug, Nationwide Building Society and Burger King.

Tenure

Freehold.

Location

Miles: 13 miles north-east of the City of London 7 miles south-west of Brentwood
Roads: A1251, A125, A126, A118, A12
Rail: Romford Railway Station (17 minutes direct to London Liverpool Street)
Air: London City, London Stansted, London Southend and London Gatwick Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit and retail and ancillary accommodation on the first floor.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

Note

This property is being marketed for sale on behalf of Joint Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act
Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale as agents and without personal
liability.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is 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	Reversion
Ground First	Retail Retail/Ancillary	171.70 sq m 154.18 sq m	(1,848 sq ft) (1,659 sq ft)	EVANS RETAIL PROPERTIES LIMITED (1)	5 years from 25/12/2014 on a full repairing and insuring lease (2)	£42,000	24/12/2019
Totals		325.88 sq m	(3,507 sq ft)			£42,000

(1) Evans Retail Properties Limited is a subsidiary of Arcadia Group Brands Limited which also owns brands including Miss Selfridge, Wallis, Topshop and Topman and Dorothy Perkins. (Source: www.arcadiagroup.co.uk)
(2)The lease provides for a mutual option to determine the lease on 24/12/2016.