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Market Pl - Romford Shopping Hall 1,063 - 2,397 sq ft Office / Retail Units in Romford RM1 3AB
INVESTMENT HIGHLIGHTS
- Town centre location
- Heavy daytime foot traffic
- Less than 0.5 miles to Romford train station
EXECUTIVE SUMMARY
The property is situated at Romford Shopping Hall in the Market Place of Romford Town Centre. Located next to the NHS Mawney Medical Clinic. Within Romford Town Centre there is a mix of national and local occupiers providing a range of services. The property is less than 0.5 miles to Romford train station which provides a regular service into London via the TFL Rail (Elizabeth) line.
PROPERTY FACTS
| Total Property Size | 45,283 sq ft | Typical Floor Size | 13,577 sq ft |
| Property Type | Retail | Year Built | 1966 |
| Property Subtype | Shopfront | Tenancy | Single |
| Costar Property Class | B | Total Plot Size | 0.34 ac |
| Floors | 4 |
| Total Property Size | 45,283 sq ft |
| Property Type | Retail |
| Property Subtype | Shopfront |
| Costar Property Class | B |
| Floors | 4 |
| Typical Floor Size | 13,577 sq ft |
| Year Built | 1966 |
| Tenancy | Single |
| Total Plot Size | 0.34 ac |
AMENITIES
- Storage Space
2 UNITS AVAILABLE
Unit 2A
| Unit Size | 2,397 sq ft | Sale Type | Investment |
| Unit Use | Office / Retail | Tenure | Long Leasehold |
| Unit Size | 2,397 sq ft |
| Unit Use | Office / Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
DESCRIPTION
The property comprises a self-contained double unit with a glazed frontage and electric security shutters. It is currently undergoing refurbishment by the new Tenant, who is converting it into a tuition centre.
SALE NOTES
The property is available on a virtual freehold basis by way of a new 999 year lease. The property is currently let on an IRI lease with a break in March 2027, expiring in March 2045 with 5 yearly rent reviews, producing an income of £21,000 per annum exclusive.
Unit 2B
| Unit Size | 1,063 sq ft | Sale Type | Investment |
| Unit Use | Office / Retail | Tenure | Long Leasehold |
| Unit Size | 1,063 sq ft |
| Unit Use | Office / Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
DESCRIPTION
The property comprises a self-contained unit with access via an electric roller shutter door. Internally, it features an open plan reception area, with interview rooms along the south-eastern flank, with office accommodation and WC
SALE NOTES
The property is available on a virtual freehold basis by way of an existing 999 year lease. The property is currently let on an IRI lease expiring in November 2027, producing an income of £15,000 per annum exclusive.
Internal Photo
Internal Photo
NEARBY MAJOR RETAILERS
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Market Pl - Romford Shopping Hall
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