52 South Street Romford Essex RM1 1RB

52 South Street
Romford
Essex
RM1 1RB

Freehold Retail Investment

Let to Haven House Foundation
10 year lease expiring April 2026 (subject to option)
Pedestrianised trading location between The Brewery and Liberty Shopping Centres with nearby occupiers including Primark, Marks & Spencer, Boots the Chemist, GAP, Tesco Express, H&M, WHSmith, Topshop and Costa
Located close to Romford Station in popular Greater London suburb

Lot
4
Auction
11th July 2018
Rent
£55,000 per Annum Exclusive
Status
Sold
Price
£752,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail Investment

Let to Haven House Foundation
10 year lease expiring April 2026 (subject to option)
Pedestrianised trading location between The Brewery and Liberty Shopping Centres with nearby occupiers including Primark, Marks & Spencer, Boots the Chemist, GAP, Tesco Express, H&M, WHSmith, Topshop and Costa
Located close to Romford Station in popular Greater London suburb

Lot 4
Auction 11th July 2018
Rent £55,000 per Annum Exclusive
Status Sold
Price £752,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

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

Situation

The property is situated on the south-western side of the pedestrianised South Street, opposite The Liberty Shopping Centre and fronting the Brewery Shopping Centre. The Liberty and Brewery Shopping Centres together house retailers including Marks & Spencer, Boots the Chemist, H&M, WHSmith, Topshop, Costa and Sports Direct. Other nearby occupiers include Tesco Express, GAP, JD Wetherspoon, Superdrug, Greggs and JD Sports.

Tenure

Freehold.

Location

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

Situation

Tenure

Freehold.

Description

The property comprises a well configured ground floor shop with ancillary accommodation on the first, second and third floors.

VAT

VAT is applicable to this lot.

EPC

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

Description

The property comprises a well configured ground floor shop with ancillary accommodation on the first, second and third floors.

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	Review
Ground First Second Third	Retail Ancillary Ancillary Ancillary	152.26 sq m 33.90 sq m 45.52 sq m 46.45 sq m	(1,639 sq ft) (365 sq ft) (490 sq ft) (500 sq ft)	HAVEN HOUSE FOUNDATION (1)	10 years from 29/04/2016 until 28/04/2026 (2) on a full repairing and insuring lease (3)	£55,000	29/04/2021
Total		278.14 sq m	(2,994 sq ft)			£55,000

(1) Haven House Children’s Hospice was founded in the early 1990s, with the aim of providing care to life-limited children and their families at no cost to them. They now operate from five shops in Chingford, Epping, Leytonstone, Loughton and Romford (Source: www.havenhouse.org.uk 08/06/2018).
(2) The lease provides for a tenant option to determine on 29th April 2021.
(3) The lease is subject to a Schedule of Condition.