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146-146A Balgores Ln 523 SF 100% Leased Retail Building Romford RM2 6BP $674,964 ($1,290.56/SF)
Investment Highlights
- Opportunity: Freehold Mixed-Use Investment
- Value-Add Potential: Commercial rent review due this September, offering immediate reversionary potential
- Prominent Location: Prominent position close to Gidea Park Station (Elizabeth Line)
- Asset Management: Large, self-contained flat above accessed via Balgores Lane, plus rear parking
Executive Summary
The property comprises a mid-terraced mixed-use building forming part of a neighbourhood parade.
The self-contained ground floor retail unit is let to a sole proprietor that has been in occupation of the shop since 2009 trading as “Nails in the Park”. The tenant currently occupies by way of a “contracted-out” lease for a term of 10 years from 23rd May 2019. The rent is currently £13,000 pax, subject to an imminent upward only rent review on 2nd September 2026.
The self-contained maisonette is accessed from Balgores Lane and provides 3 bedrooms, lounge, kitchen, bathroom and storage room. The maisonette was let on an Assured Shorthold Tenancy (AST) agreement which as a result of the Renters’ Rights Act 2025 coming into force has converted into an Assured Periodic Tenancy (APT) as of 1st May 2026. The current rent is £1,600 per month (£19,200 pa).
The self-contained ground floor retail unit is let to a sole proprietor that has been in occupation of the shop since 2009 trading as “Nails in the Park”. The tenant currently occupies by way of a “contracted-out” lease for a term of 10 years from 23rd May 2019. The rent is currently £13,000 pax, subject to an imminent upward only rent review on 2nd September 2026.
The self-contained maisonette is accessed from Balgores Lane and provides 3 bedrooms, lounge, kitchen, bathroom and storage room. The maisonette was let on an Assured Shorthold Tenancy (AST) agreement which as a result of the Renters’ Rights Act 2025 coming into force has converted into an Assured Periodic Tenancy (APT) as of 1st May 2026. The current rent is £1,600 per month (£19,200 pa).
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Building Size
523 SF
Building Class
B
Year Built
1901
Price
$674,964
Price Per SF
$1,290.56
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Parking
2 Spaces (3.82 Spaces per 1,000 SF Leased)
Frontage
22’ on Balgores Lane
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Nearby Major Retailers
1 of 6
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146-146A Balgores Ln
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