3 Mawney Road, Fairview Parade, Romford, Essex, RM7 7HH
LONG LEASEHOLD COMMERCIAL INVESTMENT PRODUCING £11,750 PA
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.
Ground Floor Shop; 517sqft
2 forecourt car spaces
Leasehold for a term of 199 years from 1996 at a ground rent of £100 p.a.
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.
Auction Surveyor: Akiva Levin