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Lot 10

Freehold – Shop (plus flats sold-off) – Gross Yield 11.3%
6 Week Completion

Situation

Located in this established parade close to the junction with Rush Green Road, near to a Post Office, Co-op Food and a host of local retailers.
Romford lies approx. 13 miles east of central London with easy access to the North Circular Road (A406) and the M25 (Junction 29) via the A12 Eastern Avenue.

Property

A mid-terrace building comprising a Ground Floor Shop with separate rear access to a Self-Contained Flat on the first floor (which extends above the adjoining drive-in access) plus a Rear Gardens.

VAT is applicable to this Lot

FREEHOLD

Note 1: The adjoining ground floor drive-in access is not included in the Freehold Title.

Planning

Prior approval was given on 12th December 2019 (now lapsed) by the London Borough of Havering for ‘Change of use of rear shop premises from A1 to C3 (Prior Approval)'. Ref: J0047.19.
The Prior Approval would create a Self-Contained Studio Flat which would require vacant possession of the rear of the shop.

Click here to view the Prior Approval documentation.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

88 Dagenham Road, Romford, Essex RM7 0TJ