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Market Pl - Romford Shopping Hall 1,063 - 2,397 SF Office/Retail Condo Units in Romford RM1 3AB
Investment Highlights
- Town centre location
- Heavy daytime foot traffic
- Less than 0.5 miles to Romford train station
Executive Summary
The property is situated at Romford Shopping Hall in the Market Place of Romford Town Centre. Located next to the NHS Mawney Medical Clinic. Within Romford Town Centre there is a mix of national and local occupiers providing a range of services. The property is less than 0.5 miles to Romford train station which provides a regular service into London via the TFL Rail (Elizabeth) line.
2 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Long Leasehold |
| Sale Type | Investment |
| Tenure | Long Leasehold |
Description
The property comprises a self-contained double unit with a glazed frontage and electric security shutters. It is currently undergoing refurbishment by the new Tenant, who is converting it into a tuition centre.
Sale Notes
The property is available on a virtual freehold basis by way of a new 999 year lease. The property is currently let on an IRI lease with a break in March 2027, expiring in March 2045 with 5 yearly rent reviews, producing an income of £21,000 per annum exclusive.
| Sale Type | Investment | Tenure | Long Leasehold |
| Sale Type | Investment |
| Tenure | Long Leasehold |
Description
The property comprises a self-contained unit with access via an electric roller shutter door. Internally, it features an open plan reception area, with interview rooms along the south-eastern flank, with office accommodation and WC
Sale Notes
The property is available on a virtual freehold basis by way of an existing 999 year lease. The property is currently let on an IRI lease expiring in November 2027, producing an income of £15,000 per annum exclusive.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 2A | 2,397 SF | Office/Retail | Upon Request | - |
| Unit 2B | 1,063 SF | Office/Retail | Upon Request | - |
Unit 2A
| Unit Size |
| 2,397 SF |
| Condo Use |
| Office/Retail |
| Price |
| Upon Request |
| NOI |
| - |
Unit 2B
| Unit Size |
| 1,063 SF |
| Condo Use |
| Office/Retail |
| Price |
| Upon Request |
| NOI |
| - |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 2A
| Unit Size | 2,397 SF |
| Condo Use | Office/Retail |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Description | |
| The property comprises a self-contained double unit with a glazed frontage and electric security shutters. It is currently undergoing refurbishment by the new Tenant, who is converting it into a tuition centre.</li></ul> | |
| Sale Notes | |
| The property is available on a virtual freehold basis by way of a new 999 year lease. The property is currently let on an IRI lease with a break in March 2027, expiring in March 2045 with 5 yearly rent reviews, producing an income of £21,000 per annum exclusive.</li></ul> |
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 2B
| Unit Size | 1,063 SF |
| Condo Use | Office/Retail |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Description | |
| The property comprises a self-contained unit with access via an electric roller shutter door. Internally, it features an open plan reception area, with interview rooms along the south-eastern flank, with office accommodation and WC</li></ul> | |
| Sale Notes | |
| The property is available on a virtual freehold basis by way of an existing 999 year lease. The property is currently let on an IRI lease expiring in November 2027, producing an income of £15,000 per annum exclusive.</li></ul> |
Property Facts Sale Pending
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 45,283 SF | Typical Floor Size | 13,577 SF |
| Property Type | Retail | Year Built | 1966 |
| Property Subtype | Storefront | Tenancy | Single |
| Building Class | B | Lot Size | 0.35 AC |
| Floors | 4 |
| Total Building Size | 45,283 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 13,577 SF |
| Year Built | 1966 |
| Tenancy | Single |
| Lot Size | 0.35 AC |
Amenities
- Storage Space
1 1
Nearby Major Retailers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Market Pl - Romford Shopping Hall
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