Under the Property Misdescription Act 1991 we endeavour to make our sales details accurate and reliable but they should not be relied upon as statements or representations of fact and they do not constitute any part of an offer of contract. The seller does not make any representations to give any warranty in relation to the property and we have no authority to do so on behalf of the seller. Services, fittings and equipment referred to in the sales details have not been tested (unless otherwise stated) and no warranty can be given as to their condition. We strongly recommend that all the information which we provide about the property is verified by yourself or your advisers. Under the Estate Agency Act 1991 you will be required to give us financial information in order to verify you financial position before we can recommend any offer to the vendor.
Lords Property are pleased to offer this rarely on the market Freehold Building in Romford, Collier Row, RM5
**BUSINESS NOT AFFECTED**
A great investment in the heart of Collier Row with a busy restaurant chain on the ground floor shop held on a lease of 15 years at a passing rent of £22,000 per annum. The next rent review is in few years and the rent will go up as neighbouring properties are paying around £25,000 per annum currently.
The first and second floor are 3 bedroom maisonette producing an income of £18,000 per annum bringing the total rent received to £40,000 per annum plus the potential of converting above flats and building rear extension such as some neighbours who have already built at the rear of the buildings but only subject to planning permission.
Ground floor restaurant size approx.: 125 sqm ( 1,345 sft)
Rent received per annum from the restaurant: £22,000 per annum exc
Rent received from flat above: £18,000 per annum exc
Please note the business on the ground floor is not affected.
Viewings only via appointment through Lords Property
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