Commercial property for sale in Rush Green Road, Rush Green, Romford RM7
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Investment let at £30,900 p.a. (8.24% giy on guide)
- Comprising of a lock up shop and 2 bedroom flat
- Retail unit let on a new 20 year fr&I lease (no breaks) investment let at £16,500 p.a.
- Commercial lease upwards only rent reviews every 5 years
- Self contained 2 bed flat investment let on a 24 month lease at £14,400 p.a.
- Possible future development potential to extend to the rear of the property (subject to the requisite consents and existing lease)
- No VAT
Property description
Strapline
Auction Sale - 18/04/2023
Of interest to investors.
A mid terrace shop and 2 bedroom self contained flat. The shop has been let on a new 20 year fr&I lease.
Investment let at £30,900.
Description
Virtual Tour - Click Here
A mid terrace 2 storey property comprising of a retail shop operating as a takeaway and a self contained 2 bedroom flat on the 1st floor. The commercial unit has been recently fitted out and benefits from a rear yard. We have also been advised that the current tenant operates 3 other takeaway pizza business's.
The property is situated on a busy and established shopping parade and has a wide range of local independent retailers
Location
The property is located on the Northern side of Rush Green Road close the junction of Dagenham Road. The rear of the property can be accessed via Birkbeck Road.
Romford Station is located an approx. 1 mile from the property.
Transport
Romford Station - Queen Elizabeth Services, National Rail and Overground services
Tenancy
172 Rush Green Road - Commercial unit
- Let to private individual (ta Basil Pizzeria)
- Current tenant operates 3 other pizza takeaway business's
- 20 year fr&I lease from 2023
- No tenant break options
- 5 year rent reviews (upwards only)
- Investment let at £16,500 p.a.
- Rent deposit Held
172A Rush Green Road - Flat
- Let to All seasons Lettings & Management Ltd
- Let on a 24 month contract
- Rent review at 12 month of the contract
Accommodation
Please note the approximate areas have been provided by voa and the property has not been inspected by Savills.
Ground floor
- Retail area, Kitchen, Walk in Fridge, WC & Rear yard
- An approx. 67 sqm (721 sq ft)
First floor
- Entrance from the front and rear of the property
- 2 x Bedrooms, Office, Kitchen, Bathroom/WC.
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
.png){kind=logo}