Guide price
£360,000
Retail premises for sale127/127A Albany Road, Hornchurch, Essex RM12
EPC Rating: D
Auction
Freehold
About this property
For sale by auction on Wednesday, 29 Jul 2026 at 10:00
Venue: Livestream Auction
An excellent Freehold mixed use investment in a neighbourhood parade
This Freehold Shop has traded successfully for many years as a hairdressers and beauty treatment business and offers some 1,315 sq. Ft of retail space and includes a forecourt to the front. It is let for a Term of 5 years from 8th May 2024 at a Rent of £19,300 pa.
There is a good-sized two bedroom self-contained flat to the first floor currently let at £975 pcm (£11,700 pa).
The total income is £30,900 plus there is a large Vacant Garage to the rear which could potentially increase the Total Rental Income by £150 per month, to £32,700 pa.
Albany Road is predominantly residential in nature.
Ground Floor Lock-Up Shop
Forecourt
Main Shop Area: Approx. 884 Sq. Ft
Rear Treatment area: Approx. 480 Sq. Ft.
Total Ground Floor area: Approx. 1364 Sq. Ft.
Forecourt: Approx. 400 Sq. Ft.
First Floor Self-Contained Two Bed Flat
External staircase from rear
Kitchen: 12'3" x 7'7" (max.)
Inner Hall
Lounge: 17'1" x 13'11"
Bedroom 1: 14'9" 14'
Bedroom 2:: 10'11" x 10'9"
Bathroom/WC: 0' x 6'7" (max)
Large Detached Garage to Rear
Tenancy Details
The Shop is let on a commercial lease for a Term of 5 years from 8th May 2024 at a rent of £19,200 pa (the lease is contracted out of the Security of Tenure Provisions of the 1954 Act)
The Flat is let on an Assured Periodic Tenancy at a Rent of £11,700 pa (£975 pcm).
Business Rates - Shop
According to the Valuation Office website the shop and premises has a current rateable value of £10,750 with effect from 1 April 2026.
Council Tax Band - Flat
B
EPC Rating: Flat - D, shop - Please refer to Legal Pack
Additional Fees
Buyers Premium: £1500 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Venue: Livestream Auction
An excellent Freehold mixed use investment in a neighbourhood parade
This Freehold Shop has traded successfully for many years as a hairdressers and beauty treatment business and offers some 1,315 sq. Ft of retail space and includes a forecourt to the front. It is let for a Term of 5 years from 8th May 2024 at a Rent of £19,300 pa.
There is a good-sized two bedroom self-contained flat to the first floor currently let at £975 pcm (£11,700 pa).
The total income is £30,900 plus there is a large Vacant Garage to the rear which could potentially increase the Total Rental Income by £150 per month, to £32,700 pa.
Albany Road is predominantly residential in nature.
Ground Floor Lock-Up Shop
Forecourt
Main Shop Area: Approx. 884 Sq. Ft
Rear Treatment area: Approx. 480 Sq. Ft.
Total Ground Floor area: Approx. 1364 Sq. Ft.
Forecourt: Approx. 400 Sq. Ft.
First Floor Self-Contained Two Bed Flat
External staircase from rear
Kitchen: 12'3" x 7'7" (max.)
Inner Hall
Lounge: 17'1" x 13'11"
Bedroom 1: 14'9" 14'
Bedroom 2:: 10'11" x 10'9"
Bathroom/WC: 0' x 6'7" (max)
Large Detached Garage to Rear
Tenancy Details
The Shop is let on a commercial lease for a Term of 5 years from 8th May 2024 at a rent of £19,200 pa (the lease is contracted out of the Security of Tenure Provisions of the 1954 Act)
The Flat is let on an Assured Periodic Tenancy at a Rent of £11,700 pa (£975 pcm).
Business Rates - Shop
According to the Valuation Office website the shop and premises has a current rateable value of £10,750 with effect from 1 April 2026.
Council Tax Band - Flat
B
EPC Rating: Flat - D, shop - Please refer to Legal Pack
Additional Fees
Buyers Premium: £1500 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
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