LOT 20

3 Mawney Road, Fairview Parade, Romford, Essex, RM7 7HH

LONG LEASEHOLD COMMERCIAL INVESTMENT PRODUCING £11,750 PA

Result: Sold prior to auction, for an undisclosed amount Guide price: £140,000 PLUS*

Auction Date

Wednesday, 17th February 2021 12:00pm

Forming part of a two storey mid-terrace building adjacent to a Tesco Express and within a local parade serving the surrounding residential area. Close to the junction with St Edwards Way, this forms part of the ring road around Romford town centre which includes the mainline station as well as the main shopping precinct. Romford lies east of Central London and has good road access via the A12 Eastern Avenue which links to the A406 North Circular Road.

Accommodation

Ground Floor Shop; 517sqft
Kitchenette, toilet
2 forecourt car spaces

Lease Details

Leasehold for a term of 199 years from 1996 at a ground rent of £100 p.a.

Tenancy Details

Let on a repairing and insuring lease to L. Rowland & Company (Retail) Limited t/a Rowlands Pharmacy (having approximately 500 branches) for a term of 20 years from 02.04.2007 at a rent of £11,750 p.a. subject to 5 yearly rent reviews.

EPC Rating

C

Note

Auction Surveyor: Akiva Levin
Email: Akiva.levin@Strettons.co.uk
M: 07594277339

Status

Sold prior to auction, for an undisclosed amount

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.