166 & 166a Collier Row Lane, Romford RM5 3EA

£375,000 Offers Over
415 Sq Ft

166 & 166a Collier Row Lane, Romford RM5 3EA

£375,000 Offers Over
415 Sq Ft
  • Ref: RM53EA166
  • Type: Investment/Development
  • Availability: For Sale
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  • Property Summary

    A small freehold mixed use investment in a secondary parade just outside of Romford Town Centre

    Full Details

    Location
    Collier Row is situated on the outskirts of Romford within the London Borough of Havering

    The subject property is located within a small secondary mixed use parade in Collier Row Lane midway between Hillfoot Road and Mowbrays Road. This is a heavily residential catchment surrounding the property.

    The immediate area is also served by the following bus routes:

    175 – Hillrise Estate to Ballards Road/Princess Road Dagenham
    247 – Barkingside Station to Romford Station
    294 – Havering Park to Wincanton Road
    365 – Havering Park to New Road Rainham
    375 – Romford Station to Passingford Bridge

    Information provided by TfL

    Accommodation
    The building comprise as follows:

    Ground floor
    A commercial unit under use class E of c415 sq.ft. (c38.55 sq.m.) let to Mrs W Hammond and Mrs S Gohil trading as “Thai Health Massage” for a term of 10 years from 11 October 2019 subject to rent review 11 October 2024 at an annual rental of £10,000 pax.

    The lease contains a Tenant only break clause on the fifth anniversary subject to not less than 6 months prior written notice.

    We understand the forecourt and rear garden are demised to the ground floor Tenant.

    First floor
    A split level 2x bedroom maisonette with rear access in reasonabile decorative order. The maisonette is to be sold with vacant possession on completion.

    We understand the estimated rental value (ERV) to be in the order of £1,600 pcm.

    * Floor area taken from VO website.

    Terms

    Tenure
    Freehold. Offers are sought in excess of £375,000.

    All rents, prices and premiums are exclusive of VAT under The Finance Act 1989. Accordingly, interested parties are advised to consult their professional advisers as to their liabilities, if any, in this direction.

    EPC
    Ground floor shop - 72C
    First floor apartment – 75C

    Legal costs
    Purchaser to be responsible for both parties reasonable legal costs.

    Consumer Protection & Money Laundering Regulations
    It is recommended that applicants seek independent professional advice before entering into a contract on this property. It is required to gain proof of identity from companies and individuals before accepting an offer for any property.

    Services/Utilities
    Reference to all/any services, utilities or Fixtures & Fittings in these particulars does not imply they are in full and efficient working order.

    Viewing
    Strictly by arrangement via sole agents as above.