Executive Summary
- Prime ground-floor commercial unit within a busy arcade in Romford town centre
- Approximately 394 square feet (36.6 square metres) plus first floor ancillary
- Suitable for a range of uses
- Available with a new lease
- EPC Rating - D
Location
Forming part of a shopping and leisure arcade in the heart of Romford town centre with access from both Market Place (home to Romford market) and South Street. Romford is one of London’s key suburban commercial centres and lies 11 miles northeast of the City of London, 8 miles east of Stratford and 6 miles southwest of Brentwood. Romford town centre has a number of big-name tenants including Marks & Spencer, Primark, H&M, TK Maxx and Sainsbury’s. Tenants within the arcade building include Greggs, William Hill, Primark, Travelodge and Creams.
Romford railway station is 0.2 miles away providing a regular service to Stratford and London Liverpool Street on the Elizabeth line (Crossrail). The area benefits from excellent road connectivity with the A127, A12, A406, M11 and M25 all within easy reach. Romford town centre is well served by buses.
Please note all times and distances given are approximate only.
Description
A ground-floor commercial unit which forms part of a shopping and leisure arcade that was most recently occupied by a jeweler. The property measures as follows;
Ground Floor = 394 square feet (36.6 square metres)
First Floor = 378 square feet (35.1 square metres)
Total = 772 square feet (71.7 square metres)
The unit benefits from Class E planning consent and would be suitable for a range of uses subject to obtaining the appropriate consents.
Please note that the sizes given have been provided by the landlord and are approximate only. All interested parties are advised to rely on their own inspection and survey.
Business Rates
2017 Ratable Value: £12,000
UBR (2022/23): 49.9p/£
Rates Payable: £5,988
These figures have been provided by the VOA. The ingoing tenant may benefit from small business rates relief. All interested parties are advised to make their own enquiries to confirm the accuracy of these figures with the London Borough of Havering business rates department.
Terms
The property is available with a new FRI lease at £10,000 per annum exclusive, with further terms to be agreed. All negotiations are strictly subject to contract.
Service Charge
We have been informed that the forecast service charge for 2022 is £1,047 per annum.
