TypeRetail Investments · Office Investments · Residential Investments · Assured Shorthold Tenancies

E12 621/621a & 623/623a Romford Road, Wanstead, London

TenureFor sale

621/621a & 623/623a Romford Road, Wanstead, London, E12 1/2

Specification

Building size
Building size 5,408 sqft
Property type
Property type Retail Investments · Office Investments · Residential Investments · Assured Shorthold Tenancies
Tenure
Tenure For sale

Description

621 Romford Road - Coffee shop arranged over ground, lower ground and basement floor levels with single-storey workshop extending to the rear boundary, accessible from within the commercial demise or from Clarence Road to the rear.

623 Romford Road - Signage company arranged over ground, lower ground and basement floor levels. There is also a single-storey extension to the rear of 621 Romford Road which is used as a workshop and similarly has it's own entrance from Clarence Road but also interconnects to the basement.

The upper parts are arranged as split-level 3 bedroom maisonettes, each with their own independent entrance from the front elevation of the building.

621 Romford Road - 20 years from July 2020 at a rental of £33,600 p.ax with rolling Tenant break giving 6 months' notice.

621a - Let on an AST at £1,600.00 pcm.

623 Romford Road - 5 years from December 2023 at a rental of £20,000.00 p.ax.

623a - Let on an AST (expired) at £1,200.00 pcm.

The total combined income is therefore £87,200 p.a.

Location

The property is situated within a local parade of shops fronting Romford Road (A118). Woodgrange Park Station and Manor Park Station are both walking distance from the premises, servicing frequent journeys directly to Ilford, Stratford and Liverpool Street.

Amenities

No VAT

Map