6 Week completion
In this popular and affluent suburb with neighbouring traders including Costa Coffee, TSB, Co-Op Funeral Care, Richer Sounds, Majestic Wines and Barclays as well as a number of Estate Agents. Gidea Park Station is approx. ½ mile distant which will hugely benefit from becoming a Cross Rail route giving quick and easy access to central London.
Gidea Park lies just over a mile east of Romford with easy access to the A12 and being approx. 3½ miles from Junction 28 of the M25.
An imposing corner building comprising a Ground Floor Shop and Basement with separate side access to a Self-Contained Maisonette on the two upper floors.
Ground Floor Shop
Gross Frontage 17'10"
Internal Width 16'5"
Shop Depth 11'6"
Built Depth 42'4"
Area Approx. 575 sq ft
First & Second Floor Maisonette
First Floor - 2 Rooms & Bathroom
Second Floor - 3 Rooms & WC
VAT is NOT applicable to this Lot
The entire property is let on a full repairing and insuring lease to Y. F. Wong as a Chinese Takeaway for a term of 12 years from 31st January 2014 at a current rent of £22,500 per annum exclusive.
Rent Reviews January 2018 (Landlord quoted £26,000 p.a.) and 2022
Note 1: There may be potential to convert the maisonette into 2 flats, subject to obtaining possession and the necessary consents.
Note 2: The shop has traded as a Chinese takeaway for approx. 40 years and there is currently an application to assign for same user.