Commercial property for sale in Tudor Parade, High Road, Romford, Essex RM6

For Sale by online auction with Royal Estates Tuesday 5th - 7th March 2024. Guide Price £185,000. A ground floor commercial retail investment.

Viewing days & time:

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A ground floor commercial investment premises which is located on a busy road with ample passing trade and a wide variety of blue chip companies close by including Tesco, Poundland, Post Office and much more.

The commercial premises is currently rented for £1350PCM (£16,200PA) which is currently let with a 15 year Fri lease, with 12 years remaining, and a rent review in 2025.

We have been advised that the shop is leasehold.

Service Charge: £1087.79 (approx)

Ground Rent: £100PA (approx)

Lease Length: 995 years (approx)

Please note that the completion date for this property will not be effected by the Christmas period.

**free valuations**

For a free valuation on your property, worth £30, contact Royal Estates directly or scan the qr code pictured above.

Bidding

For bidding please visit the bidding platform: Underthehammer. Com

*start prices & reserve prices

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest.

EPC

EPCs can be viewed in full on the website underthehammer. Com on the sales details page or in the legal pack.

Unconditional auction details

Contracts are exchanged immediate at the end of the auction and a 5% deposit will be taken from the highest bidder. This deposit will contribute towards the purchase price.

Completion will be 8 weeks. 56 days)

Every buyer must first create an account at underthehammer. Com platform, Remote bidding facilities are also available, contact Royal Estates for further details.

Full terms & legal documentation

Available on the platform underthehammer. Com