9/9a Clockhouse Lane, Collier Row, Romford, Essex RM5 3PH
Barnett Ross Property AuctioneersBarnett Ross was formed in October 2002, drawing upon the combined 60 year's auction experience of John Barnett and Jonathan Ross, and immediately established itself as one of the largest independent auction houses in the U.K.
Read more Read moreLot 2 Freehold Commercial/Residential Investment In the same family ownership for over 28 years 6 Week Completion Situation In this established retail parade at the intersection of Clockhouse Lane and Collier Row Road, amongst multiples such as Savers , Costa Coffee , KFC , Greggs , Domino's and a host of independent traders. This shopping centre serves the surrounding residential area approximately 1½ miles from Romford Town centre and 14 miles north-east of Central London. Property Forming part of a retail parade comprising a Ground Floor Shop with separate rear access via a communal balcony to a Self-Contained Flat on first and second floors. The property includes a rear concreted parking area accessed via a service road. Accommodation Ground Floor Shop Gross Frontage 17'0" Internal Width 16'6" Shop Depth 38'6" Built Depth 48'10" WC First & Second Floor Flat 4 Rooms, Kitchen, Bathroom/WC GIA Approx. 780 sq ft VAT is NOT applicable to this Lot FREEHOLD Tenancy The entire property is let on a full repairing and insuring lease to Shahan Ali (t/a Gadget Exchange) for a term of 15 years from 24th June 2012 at a current rent of £18,000 per annum exclusive. Rent Reviews June 2017 & 2022 (both outstanding) VIdeo TOUR Click here to view the video tour of the Flat. Note 1: No. 7/7a Clockhouse Lane is also being offered for sale in this Auction - see Lot 1. Note 2: The flat is currently sub-let on an AST at a rental of £12,000 p.a. from 2021. Note 3: There is a Rent Deposit of £4,500 being held.
