A Freehold Commercial & Ground Rent Investment Producing £20,600 per annum

Description

The property comprises a ground floor shop with two self-contained flats above (both sold off) situated within a terraced building arranged over ground and two upper floors.

Location

The property is situated on an established corner parade primarily occupied by local traders servicing the local residents in a prominent part of Romford. The open spaces of Gidea Park are within easy reach. Transport links are provided by Gidea Park rail station, which is soon to be served by Crossrail.

VAT

VAT is not applicable

Tenure (2nd Column)

Freehold

Accommodation (2nd Column)

Ground Floor
Shop Area
Office
Two Further Preparation/Stock Areas
Kitchen
Separate WC with wash basin

Note (2nd Column)

The property has not been internally inspected.

Viewing Details

Tuesday 31st March 12:00-12:30
Tuesday 7th April 12:00-12:30
Tuesday 14th April 12:00-12:30

Column 1	Column 2	Column 3

Property	Lease	Annual Rent
Commercial	10 year FRI Lease from 19th September 2007	£20,000 per annum
Flat A	125 years from 30/04/2014	£300 per annum
Flat B	125 years from 30/04/2014	£300 per annum

Additional Fees

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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