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    Key features

    • Located on a busy High Street location
    • Near Major regeneration area and within close proximity of Romford Station (Elizabeth Line)
    • Approx. GIA 1,727 sq m (18,558 sq ft)
    • Licenced to sell alcohol until 1:00am on Friday and Saturday.
    • Development potential to convert to a number of dwellings (subject to the requisite consents)
    • A draft scheme has been prepared for 35 flats (This should not be relied upon & subject to the requisite consents)
    • Existing tenancies in place please refer to Tenancy and legal pack. (The vendor may be able to provide vacant possession upon completion if required, only if agreed in advance)
    • 8 6 Week completion

    Description

    Sizable town centre property set out over four storeys above part basement with scope for car parking or external trading area to the rear. The building has not been occupied for many years and requires fitting-out throughout.

    The Premises Licence permits the sale of alcohol from 11:00am until 11:00pm on Sunday to Thursday and from 11:00am until 1:00am on Friday and Saturday.

    Additional information

    Tenure

    Freehold.

    Accommodation

    We have been advised that the approximate gross internal floor areas are calculated to be as follows. Savills can not confirm that these are correct and we ask all incoming purchasers to do there own due diligence


    Ground floor 677 sq m ( 7,285 sq ft)

    First floor 515 sq m ( 5,510 sq ft)

    Second floor 136 sq m (1,463 sq ft)

    Third floor 138 sq m ( 1,485 sq ft)

    Basement 261 sq m ( 2,815 sq ft)


    Total gross internal area approximately 1,727 sq m (18,558 sq ft).


    Tenancy

    We have been advised that the ground floor shop premises at No. 17 High Street is let on five-year lease from 1st May 2021 expiring on 30th April 2026 and the rent passing is £36,000 per annum.

    Part of the ground floor and basement is let on a five year lease to an independent tenant at a starting rent of £50,000 per annum increasing to £55,000 in year 3


    The vendor may be able to provide vacant possession of the entire property upon completion if required.

    Notes

    Please note the site areas provided are approximate. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard.

    An election in respect of VAT has been made and on Completion the Purchaser shall pay VAT on the purchase price at the current rate applicable as at Completion subject to the Purchaser providing evidence of their election for vat and an acknowledgement of their election from HMRC the Vendor may agree to treat the transaction as a TOGC



    Joint Auctioneer

    Panayiotis Themistocli

    panayiotis.themistocli@agg.uk.com

    M: 07973 856 232

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property fronts Romford High Street and is surrounded by a mixture of both commercial and residential properties.

      The Brewery Mall is located to the rear of the site, which comprises a large VUE 16 screen cinema and 49 retail/restaurant/leisure facilities.

      The Liberty Shopping Centre also lies within close proximity and provides a further 72 shops.

      Within close proximity of Romford Station (Elizabeth Line), 17 minute journey time into London Liverpool Street.

      Transport

      National Rail, Overground & Underground - Romford Railway Station (Elizabeth Line, Overground, Greater Anglia)

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums