Residential Development Potential (subject to consents)
Cross Rail Town
Includes a Retail Unit Producing £36,000 p.a.x.
Prominent High Street Position
50 Metres from Romford Market
Close to The Liberty Shopping Centre and The Brewery Retail Park
Approximate Site Area of 0.11 Hectares (0.27 Acres)
400 Metres from Romford Cross Rail Station
Lot 33
Auction 31st March 2022
Rent £36,000 per Annum Exclusive Majority Vacant Possession
Status Withdrawn Prior
Price
Sector Public House
Auction Venue Live Streamed Auction
Property Information
Location
Miles
12 miles north east of the City of London
Roads
A125, A1251, A12,
Rail
Romford Railway Station (Liverpool Street in 17mins)
Air
London Stansted Airport, London City Airport, London Southend Airport, London Heathrow Airport
Situation
Romford is an historic Market Town now part of the London Borough of Havering and a major commercial, retail and leisure location with excellent communication links to Central London. The property is prominently situated on the south side of High Street close to the junctions of the prime pedestrianised South Street, Market Place and approximately 400 metres north of Romford Cross Rail Station.
Tenure
Freehold.
Location
Miles
12 miles north east of the City of London
Roads
A125, A1251, A12,
Rail
Romford Railway Station (Liverpool Street in 17mins)
Air
London Stansted Airport, London City Airport, London Southend Airport, London Heathrow Airport
Situation
Romford is an historic Market Town now part of the London Borough of Havering and a major commercial, retail and leisure location with excellent communication links to Central London. The property is prominently situated on the south side of High Street close to the junctions of the prime pedestrianised South Street, Market Place and approximately 400 metres north of Romford Cross Rail Station.
Tenure
Freehold.
Description
The property comprises a substantial former Public House comprising Ground, Lower Ground, First Second and Third floors and a rear car park accessed from Exchange Street. Part of the Ground floor is fitted out and let as a retail unit.
VAT
VAT is applicable to this lot.
Planning
The property is not listed by Historic England and is not situated in a Conservation Area. The property does also not appear on The London Borough of Havering's list of Assets of Community Value (ACV). The property may be suitable for a substantial residential redevelopment (Subject to Consents). A feasibility study for a 35 unit residential scheme is available in the legal pack.
Note
The Special Conditions of Sale provide for the Buyer to pay to the Seller a sum of monies in addition to the purchase price. Please see the Special Conditions of Sale which is available in the Seller’s solicitors Legal Pack.
Completion Period
Six week completion
EPC
Band D.
Description
The property comprises a substantial former Public House comprising Ground, Lower Ground, First Second and Third floors and a rear car park accessed from Exchange Street. Part of the Ground floor is fitted out and let as a retail unit.
VAT
VAT is applicable to this lot.
Planning
The property is not listed by Historic England and is not situated in a Conservation Area. The property does also not appear on The London Borough of Havering's list of Assets of Community Value (ACV). The property may be suitable for a substantial residential redevelopment (Subject to Consents). A feasibility study for a 35 unit residential scheme is available in the legal pack.
Note
The Special Conditions of Sale provide for the Buyer to pay to the Seller a sum of monies in addition to the purchase price. Please see the Special Conditions of Sale which is available in the Seller’s solicitors Legal Pack.
Completion Period
Six week completion
EPC
Band D.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx sq m)
Floor Areas (Approx sq ft)
Tenant
Term
Rent p.a.x.
Rent Review
Lower Ground Ground (Part) First Second Third
Former Public House
677.00 sq m 515.00 sq m 136.00 sq m 138.00 sq m 261.00 sq m
B&K FISH LIMITED (CRN 13277895) t/a Fresh Fish (1)
5 years from 01/05/2021
£36,000
30/04/2026
Total Approximate Floor Area
1,784.90 sq m
(19,181 sq ft)
£36,000
(1) As to the retail unit the rent commencement date is 01/05/2021 and the lease provides for the rent to be paid monthly.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
