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    Key features

    • To be offered on Wednesday 25 February
    • Freehold Mixed Use Investment
    • Forming part of an established East London Retail Parade
    • Conveniently located for the amenities of Forest Gate
    • Comprises a ground and basement shop with 6 flats above (3 x Studio, 2 x one bedroom and 1 x four bedroom)
    • GIA approx. 3,014 sq ft (264.23 sq m).
    • Investment fully let for £102,600 pa (10.86% GIY on Guide Price) 

    Description

    The property comprises a substantial four storey building arranged as a ground floor and basement shop, together with six flats above ( 3 x Studio, 2 x one bedroom and 1 x four bedroom) over first, second floors.

    GIA approx. 3,014 sq ft (264.23 sq m).


    The property is fully let producing £102,600 pa.

    Additional information

    Tenure

    Freehold

    Tenancy

    Please refer to tenancy schedule

    Rent

    Investment let at £102,600 per annum

    Notes

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

    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

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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.

      Accommodation / Tenancy Schedule

      Local information

      305 Romford Road, London E7 9HA is located on the south side of Romford Road (A118) in the Forest Gate area of the London Borough of Newham. The property occupies a mid-terrace position within a continuous parade of ground floor commercial units with residential accommodation above. Nearby occupiers are predominantly independent retailers and service providers, including food outlets, convenience stores, professional services and local offices, reflecting the established mixed-use nature of the area. Romford Road is a busy arterial route linking Stratford to Ilford and benefits from high levels of passing vehicular and pedestrian traffic. Public transport links are good, with regular bus services operating directly along Romford Road and Forest Gate station, providing Elizabeth line and national rail services, located within walking distance. Additional Overground services are available at Woodgrange Park and Wanstead Park stations, offering further connectivity across East London.

      Transport

      Forest Gate Station – approximately 0.4 miles - providing Elizabeth line and national rail services with direct connections to Stratford, Liverpool Street, Canary Wharf and central London.

      Woodgrange Park Station – approximately 0.6 miles - providing London Overground services on the Gospel Oak to Barking line.

      Wanstead Park Station – approximately 0.7 miles - also providing London Overground services on the Gospel Oak to Barking line.


      Numerous bus routes operate directly along Romford Road, including the 25 and 86, offering frequent services to Stratford, Ilford, Aldgate and surrounding locations. The property fronts Romford Road (A118), a principal arterial route linking Stratford and Ilford, with the A12 located nearby.

      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