Retail premises to let in Victoria Road, Gidea Park, Romford RM1

Key Points

Description

The property is a fully fitted restaurant / cafe premises. The accommodation is arranged over ground floor. The property includes a sales / seating area, kitchen area with extraction, storage / preparation area and WC facilities. We are informed the property was refitted in approximately 2021. Externally there is a front forecourt which could be used for seating / loading / parking.

Location

The property is located on Victoria Road in the Romford area of the London Borough of Havering. The location is a short distance from Romford town centre ring road (A1251) and on a key route into and out Romford town centre. The property is approximately 0.3 miles from Romford town centre / Romford train station. Victoria Road provides access to Heath Park Road, which in turns provides access to Gidea Park, Emerson Park, and Hornchurch areas.

Availability_Text

The accommodation comprises the following areas:

Rateable Value

From information obtained from the Valuation Office Agency website the demise is rated as follows:-

Address: 107, Victoria Road, Romford, RM1 2LX
Description: Shop and premises
Rateable Value: £8,900

An ingoing tenant should qualify for small business rate relief. We would advise prospective interested parties to verify the matter with the local rating office.

Tenancy

An assignment of the current lease is available. This expires on 29th January 2032 date. The lease is within the security of tenure provisions of the Landlord and Tenant Act 1954. Further details on request.

Rent

£17,000 per annum. We are informed VAT is not payable on the rent.

Premium

£60,000. We understand VAT is payable on the premium

Identity Checks

In order to comply with Anti-Money Laundering Legislation, the successful party will be required to provide certain identification documents. The required documents will be confirmed to and requested from the successful party.