Commercial Sold STC in Romford - £1,500,000
Prime commercial site
Situated on busy A12 junction
Approx. 0.3 acre site
Close to major retailers
Development opportunity (STPP)
Excellent 7%* yield from current tenants
Situated on the A12 in Romford, a superb investment opportunity to either continue trading as is, with an excellent yield or develop commercially/residential (subject to all usual consents being obtained)
The site is positioned on the corner of Mawny Road and the A12 with established vehicle access from both.
The area is mixed residential/commercial with many high street name supermarkets and fast food restaurants close by on established retail parks.
Multiple tenants are currently on-site providing a healthy yield of approx. 7% All tenants are signed on 'Tenancy at will' agreements.
This is a great opportunity to develop a site but continue to receive an income in the meantime, or create an excellent yield.
Viewing is available on site during normal operating hours, however if access is required into the buildings an appointment must be made in advance.
Site size: 1233m2 (13268ft2) 0.3acre All measurements are approximate and scaled using internet based land search. You should ensure any measurements are checked by your own surveyors before proceeding to contracts.
Water, electricity and main drainage are available on site.
IMPORTANT NOTICE
Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.
