Offers in region of
£700,000
(£253.81/sq. ft)
Retail premises for saleRomford Road, London E12
2,758 sq. ft
Just added
About this property
£254 psf at the asking
7.26% gross yield at the asking
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.
Accommodation
Comprising commercial premises over ground, lower ground and basement floor levels (and with front forecourt) with residential upper parts arranged as a split-level 3 bedroom masionette benefiting from an independent entrance from the front elevation of the building. There is also a single-storey rear extension used as a workshop and which is demised within the commercial lease - it is accessible from either the lower ground floor of the commercial unit or from Clarence Road to the rear.
Lease terms
621 Romford Road - 20 years from July 2020 at a rental of £28,000 with rolling Tenant break giving 6 months' notice.
621a - Let on an apt (former AST) at £1,900.00 pcm ie. £22,800
The total combined income is therefore £50,800 p.a.
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.
Accommodation
Comprising commercial premises over ground, lower ground and basement floor levels (and with front forecourt) with residential upper parts arranged as a split-level 3 bedroom masionette benefiting from an independent entrance from the front elevation of the building. There is also a single-storey rear extension used as a workshop and which is demised within the commercial lease - it is accessible from either the lower ground floor of the commercial unit or from Clarence Road to the rear.
Lease terms
621 Romford Road - 20 years from July 2020 at a rental of £28,000 with rolling Tenant break giving 6 months' notice.
621a - Let on an apt (former AST) at £1,900.00 pcm ie. £22,800
The total combined income is therefore £50,800 p.a.
Mortgage calculator
Monthly repayment
£3,501 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}