199-201 Rush Green Road,

Property details

199-201 Rush Green Road, Romford, Essex, RM7 0JR

Extensive Freehold Premises with Development Potential (stpp)Over 1,600 sq ft Retail/ Office Space plus three self-contained flats – Ground Floor Vacant / Flats Let on AST’s. High Visibility / Junction Location.

This substantial two floor building is located in a highly visible part of Rush Green Road at its’ junction with Dagenham Road. Rush Green Road forms part of the A124, a main link road with Hornchurch and Upminster to the east and Becontree and Seven Kings to the West. This is a highly visible location which forms part of the main retail area in this location serving an extensive catchment and benefitting from a high volume of passing vehicular traffic. Romford centre lies to the north where the overground and rail connections are available whilst local bus routes provide excellent connections to the surrounding area. There is a good selection of varied leisure facilities in the locality with extensive outdoor spaces provided
at Central Park and Eastbrookend Country Park which both lies a short distance to the south.

Description:
The property comprises this extensive mid terrace two story building beneath a pitched tiled roof. At ground and part first floor level there is a pair of interconnecting commercial units that have until recently been utilised as insurance brokers with the total ground floor area extending to some 149.1 sq. m (1,604 sq. ft.). Above this at first floor level are three separate self-contained flats.

Number – 199 – 201
Accommodation: Double Commercial Premises Comprising:Retail Zone A 63.9sq.m. (688.0 sq.ft.) Retail Zone B 20.9 sq.m. (225.5 sq.ft.) Offices 59.9 sq.m. (645.5 sq.ft.) Storage Areas 4.3 sq.m. (46.8 sq.ft.) Total Area 149.1 sq.m. (1604sq.ft.)
EPC: D 93
Tenancy: Vacant Possession

Number- 199a
Accommodation: First Floor Self Contained one Bedroom Flat.
EPC – D
Tenancy- Let on an assured shorthold tenancy for 6 months from 15th October 2020 expiring April 2021 at a current rent of £550 per calendar month.
Equivalent Rent £ per annum: £6,600
Notes: A rent deposit of £475 is held

Number- 201a Rear Flat
Accommodation: First Floor Self Contained Studio Flat
EPC – C
Tenancy- Let on an assured shorthold tenancy for 6 months from 15th October 2020 expiring April 2021 at a current rent of £650 per calendar month
Equivalent Rent £ per annum: £7,800
Notes: A rent deposit of £600 is held

Number- 201a Front Flat
Accommodation: First Floor Self Contained One Bedroom Flat
EPC – D
Tenancy- Let on an assured shorthold tenancy for 6 months from 2nd April 2020 (tenant holding over) at a current rent of £700 per calendar month.
Equivalent Rent £ per annum: £8,400
Notes: A rent deposit of £475 is held

There is also an additional first floor space for an additional studio flat – a kitchenette would needed to be added into the living space.

Development Potential:
Whilst sold on an unconditional basis the property appears to offer significant potential subject to the necessary consents for enhancement of the upper floor residential accommodation. Whilst purchasers may consider conversion and extension into the existing pitched roof space there may be the opportunity for a more comprehensive development of the upper floor space. These details show an indicative scheme as to how a development could look if a comprehensive approach was taken by adding floors to the existing and creating a number of flats within this space. This computer generated image is for a reference point only, buyers must rely on their own enquiries with regard to development but are welcome to utilise these images to take forward initial pre application enquiries.

VAT: Is not applicable to this lot.

Further details available soon – register interest now at www.exclusive-auctioneers.co.uk

Next live on-line auction 8th December