Property photos
Freehold
£575,000
(£213.83/sq. ft)
Property for sale
Romford Road, London E122,689 sq. ft
Local area information
Property location
Nearby amenities
- Sheringham Primary School 0.1 miles
- Dersingham Primary School 0.3 miles
- Ilford 0.5 miles
- Manor Park 0.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Freehold investment
- Comprising shop & 3-bedroom maisonette
- Current income £34,200 per annum
- Romford Road location
- Rare opportunity
** freehold shop & maisonette for sale ** - The property is situated on Romford Road (A118) in Manor Park, East London, along a parade of shops within an established residential area. The closest train stations are Manor Park and Ilford (Elizabeth Line) and the area is served by local buses. The property forms a mid-terrace three storey building of traditional masonry construction with a barber shop situated on the ground floor and the upper parts comprising a self-contained 3-bedroom maisonette. The current total income is £34,200 per annum. Please call Clarke Hillyer on for further information.
Location
The property is situated on Romford Road (A118) in Manor Park, East London, along a parade of shops within an established residential area. Romford Road interconnects with the North Circular Road (A406), which in turn interconnects with Junction 4 of the M11. The closest train stations are Manor Park and Ilford (Elizabeth Line) and the area is served by local buses.
Description
The property forms a mid-terrace three storey building of traditional masonry construction. A barber shop is situated on the ground floor and the upper parts comprise a self-contained 3-bedroom maisonette. To the rear of the property is a workshop/store which is accessed via a rear alley, which we understand, is demised to the tenant and accessed via a pair of metal double gates. This provides two car parking spaces for the property. The accommodation is more particularly described as follows:
Ground Shop: 604 sq ft (56.1 sq m).
First Floor Workshop 1,039 sq ft (96.5 sq m).
First Floor Residential: Bathroom, kitchen, bedroom, lounge.
Second Floor Residential: 2 bedrooms.
All measurements quoted are approximate only.
Tenancies
The shop is let on a full repairing and insuring lease of 20 year from July 2012, subject to 5 yearly rent reviews. The July 2022 rent review was settled at £15,000 per annum.
The maisonette is let to the same tenant as the shop on a current Assured Shorthold Tenancy Agreement at a rent of £1,600 per calendar month, equating to £19,200 per annum.
Terms
The freehold is available, subject to the existing tenancy agreements, for £575,000
Business Rates
Newham Council have informed us that the shop has a rateable value of £10,750.
Council Tax
The flat is within Band C.
Viewings
Strictly via sole agents Clarke Hillyer, tel .
Epc
The shop has an Energy Performance Certificate rating of C. The flat has an EPC rating of D.
Location
The property is situated on Romford Road (A118) in Manor Park, East London, along a parade of shops within an established residential area. Romford Road interconnects with the North Circular Road (A406), which in turn interconnects with Junction 4 of the M11. The closest train stations are Manor Park and Ilford (Elizabeth Line) and the area is served by local buses.
Description
The property forms a mid-terrace three storey building of traditional masonry construction. A barber shop is situated on the ground floor and the upper parts comprise a self-contained 3-bedroom maisonette. To the rear of the property is a workshop/store which is accessed via a rear alley, which we understand, is demised to the tenant and accessed via a pair of metal double gates. This provides two car parking spaces for the property. The accommodation is more particularly described as follows:
Ground Shop: 604 sq ft (56.1 sq m).
First Floor Workshop 1,039 sq ft (96.5 sq m).
First Floor Residential: Bathroom, kitchen, bedroom, lounge.
Second Floor Residential: 2 bedrooms.
All measurements quoted are approximate only.
Tenancies
The shop is let on a full repairing and insuring lease of 20 year from July 2012, subject to 5 yearly rent reviews. The July 2022 rent review was settled at £15,000 per annum.
The maisonette is let to the same tenant as the shop on a current Assured Shorthold Tenancy Agreement at a rent of £1,600 per calendar month, equating to £19,200 per annum.
Terms
The freehold is available, subject to the existing tenancy agreements, for £575,000
Business Rates
Newham Council have informed us that the shop has a rateable value of £10,750.
Council Tax
The flat is within Band C.
Viewings
Strictly via sole agents Clarke Hillyer, tel .
Epc
The shop has an Energy Performance Certificate rating of C. The flat has an EPC rating of D.
There are some planning applications within 0.5 miles of this home
Assess how they might enhance or detract from this home’s value.
Floor plans and tours
Floor plans (1)
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Listed by
Clarke Hillyer
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Property descriptions and related information displayed on this page are marketing materials provided by - Clarke Hillyer. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Clarke Hillyer for full details and further information.