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
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
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.
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.