Location
Romford is located 15 miles north-east of Central London and 20 miles south-west of Chelmsford. The property is situated within the town centre opposite to entrance to the Quadrant Arcade. Nearby occupiers include Primark, Marks and Spencer, Halifax, Barclays, NatWest and The Body Shop. Romford railway station is approximately 0.2 miles away and is on the Elizabeth line providing regular services to London Liverpool Street. The area is well served by buses. Romford is situated on the A12, while access to junction 8 of the M25 is 4 miles away.

Please note all times and distances given are approximate only.

Description
The property is arranged over three floors and basement. The ground and basement provide a commercial unit currently trading as a nail bar. The ground floor is 646 square feet (60 square metres) and the basement is 441 square feet (41 square metres).

The upper parts provide 1 x apartment arranged over first and second floor. The property has 2 rooms and a kitchen on the first floor. The second floor has 2 rooms and a bathroom.

Please note that these sizes given are approximate only and all interested parties are advised to rely on their own inspection and survey.

Tenancies:
The commercial unit is currently let on a 5-year lease to Top Nails RM Ltd (11609002) from June 2020, therefore expiring June 2025. The current passing rent is £24,000 per annum. There is a £10,000 rent deposit held by the landlord.

The apartment is let on an AST agreement for £975 per calendar month. The tenant is currently holding over.

Tenure
The freehold interest is to be sold subject to the existing tenancies.

VAT
We are informed that the property is not elected for VAT.

Terms
Offers are invited in excess of £450,000 for the freehold interest.

Viewings
Strictly through sole agents Harston&Co.