LOCATION
The property is located on an established Business Centre located to the north of Romford town centre, a short distance from the A118 Ring Road. The A12 runs to the north of the property and provides access to junction 28 of the M25 motorway to the east, the A406 (North Circular Road) and City of London to the West. Romford railway station is situated within one mile, offering access into
Central London via the Elizabeth line and National Rail services.

ACCOMMODATION
Two-storey brick built industrial/warehouse on a 0.3 acre plot. In it's current configuration, there is a shared/communal entrance providing access to a trade counter unit (with ancillary offices) at ground floor level and an internal staircase to the first floor which is arranged as predominantly open plan office accommodation with staff facilities. The upper parts can also be accessed by virtue
of an external staircase to the rear of the building. There is ample parking against the flank wall and to the rear yard. Approximate areas are as follows in accordance with the RICS Code of Measuring Practice (6th Edition) on a Gross Internal Area (GIA) basis:

Ground Floor 6,557sq.ft (609.16sqm)

First Floor 6,557sq.ft (609.16sqm)

Total 13,114sq.ft (1218.33sqm)

KEY FEATURES
• Highly reversionary
• Low cap. val of c. £103 psf
• Parking/loading/unloading

LEASE TERMS
The ground floor is rented to Openview Security Solutions PLC for a term of 5 years from March
2022 at a rent of £32,898.36 pax.

The first floor is to be vacant at the point of sale.

PRICE
Offers in the region of £1,350,000 Subject to Contract for the benefit of the freehold interest with the ground floor occupied and first floor vacant (refer to 'lease terms' above).

RATES
Rateable
Value The current Rateable Value for the ground floor is £40,250 and for first floor £26,500

VAT
Value Added Tax (VAT) is not applicable in relation to the sale of this property

EPC
EPC Awaited

LEGAL COSTS
Each party to pay their own legal fees.