RM1 Units 2A/2B, Romford Shopping Hall, Market Place, Romford

The properties comprise two separately accessed first floor units. Unit 2A benefits from a fully glazed frontage with electric security shutters and is currently under refurbishment by the new tenant, trading as a tuition centre. Unit 2B is accessed via a front roller shutter and is currently fit-out to provide open plan reception area with interview rooms alongside the south eastern flank, with office accommodation and WC towards the rear.

The properties are situated at first floor level with Romford Shopping Hall in the Market Place of Romford town centre. Located next to the NHS Mawney Medical Clinic. Within Romford town centre there is a mix of national and local occupiers providing a range of services. The property is less than 0.5 miles to Romford train station which provides a regular service into London via the TFL Rail (Elizabeth) line.

Service Charge Comments

A service charge is applicable. Further details .

VAT

All rents, prices and premiums are exclusive of VAT under the Finance Act 1989.

Rating

Further information available on request.

Legal Costs

Each party to bear their own legal costs incurred in this transaction.

EPC

EPCs have been commissioned at Band B for both units respectively.

Tenure Comments

The properties are available on a virtual freehold basis by way of a new 999 year lease. Both properties have the benefit of being fully let. Unit 2A is currently let on an IRI lease with a break in March 2027, expiring in March 2045 with 5 yearly rent reviews, at a passing rent of £21,000 per annum exclusive. Unit 2B is currently let on an IRI lease expiring in November 2027, at a passing rent of £15,000 per annum exclusive.

Town centre location

Fully let investments

Rental Income £36,000 pa

2a break March 2027

2b expiry Nov 2027