160 Heath Park Road, Gidea Park, Romford, Essex, RM2 5XL
- PROPERTY TYPE
Commercial Property
- SIZE
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Key features
- Freehold shop and residential investment
- Comprising a ground floor retail unit with a self-contained flat above
- Currently producing a total income of £31,600.00 per annum
- Forming part of an established parade
- Conveniently located for the amenities of Gidea Park and Romford
Description
StrapLine
Auction Sale - 02/07/2025A two storey end of terrace mixed use building forming part of an established parade arranged as a ground floor retail unit and a self-contained flat, well located for the shopping and recreational amenities of Gidea Park and Romford- Investment let at £31,600.00 per annum
Description
A two storey end of terrace mixed use building
Currently arranged as a ground floor retail unit and a self-contained flat
Location
Located near to the junction of Heath Park Road and Brentwood Road
Shopping facilities can be found nearby in Gidea Park and to a further extent in the centre of Romford
Recreational amenities of Haynes Park and Hylands Park are both easily accessible
Transport
Gidea Park- Elizabeth Line
Romford- Elizabeth Line
Overground- Romford
National Rail- Romford
Tenancy
Ground Floor- 15 year FRI Lease from 9th July 2021 at £16,000.00 per annum. Break date 8th July 2026. Rent Reviews every 5 years.
First Floor- 12 Month Assured Shorthold Tenancy from 8th July 2024 at a rent of £1,300.00 per calendar month
Accommodation
Ground Floor- Retail Unit 53.49 sq m (approximately 575 sq ft)
First Floor- Reception Room, Bedroom, Kitchen, Bathroom/WC
160 Heath Park Road, Gidea Park, Romford, Essex, RM2 5XL
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Gidea Park Station0.3 miles
- Emerson Park Station0.9 miles
- Romford Station1.0 miles
Notes
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills Auctions, London on 020 3909 6715.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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