5 - 6 Old Mill Parade Victoria Road Romford Greater London RM1 2HU

5 - 6 Old Mill Parade
Victoria Road
Romford
Greater London
RM1 2HU

Town Centre Retail Investment

Two Mid Terrace Retail Units
Located within busy London Suburb
Close to Romford Railway Station
Rent: £31,910 p.a.x. (gross) £29,910 p.a.x. (net)
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
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG

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Town Centre Retail Investment

Two Mid Terrace Retail Units
Located within busy London Suburb
Close to Romford Railway Station
Rent: £31,910 p.a.x. (gross) £29,910 p.a.x. (net)
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

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)