1-2 Fairview Parade, Mawney Road, Romford, Essex, RM7 7AD
Property Description
Comprising a ground floor shop with parking for 3 cars plus an additional shop and flat above (both sold on long leases). Forming part of a local parade which includes a Tesco Express, just off St Edwards Way and about ½ mile from the town centre and Romford station.
(from floor plans)
Ground Floor Shop: GIA 627 sq ft (58.2 sq m)
Three forecourt parking spaces
1 Fairview Parade: Let on a repairing and insuring lease to an individual (t/a RM Mini Market) for 10 years from 23.10.2025 at £22,000 p.a. Rent Review 2030.
2 Fairview Parade: Sold on a 999 year lease from 2026 at a peppercorn.
2a Fairview Parade (First Floor Flat): Sold on a 189 year lease from 27.04.1982 at a peppercorn.
PRODUCING £22,000 P.A.
1. 3 month rent deposit held (£5,500).
2. No VAT
3. 6 week completion
Auction Surveyor: Robert Woolfe
Contact: 07581 029501 robert.woolfe@strettons.co.uk
The Guide Price has been amended to "£240,000 plus".
* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #16] Note that in addition to the purchase price there is a buyer’s administration fee [section #11] and there may be additional non-optional fixed or variable fees and costs [section #12]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.
