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    Key features

    • Investment let at £21,400 p.a.
    • Comprising of ground floor commercial unit and self contained flat
    • Possible future development potential to add additional space to the rear of the property (subject to the requisite consents and existing lease)
    • Commercial unit on the ground floor let on a FR&I lease at £13,000 p.a.
    • The ground floor is occupied by 'Jennings bet' which has over 150 branches Nationwide
    • First floor flat let at £8,400 p.a.
    • 0.5 Miles from Gidea Park Station (Elizabeth Line)
    • 8 week completion
    • VAT free investment

    Description

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    The property is a two storey mid terrace building forming part of an established shopping parade. The property comprises of a ground floor commercial unit and one Bedroom flat located on the first floor.

    There is large rear garden which may offer future development potential to add additional space (subject to the requisite consents)

    Nearby occupiers include Majestic Wine, Nisa Local, Harvester as well as wide range of local independent & boutique retailers.

    Additional information

    Tenure

    Freehold

    Accommodation

    Please refer to Accommodation /Tenancy Schedule

    Tenancy

    Please refer to Accommodation /Tenancy Schedule

    Rent

    £21,400 p.a.

    Notes

    Please note the site areas provided are approximate and have been provided by a third party. 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.

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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

      Located in a row of shops on a local high street.

      Many amenities close by, with options for shopping and dining out.

      Recreational and sports grounds nearby at Gidea Park and Raphael Park.

      Road links via the nearby Eastern Avenue East, A12, and A127.

      Transport

      Gidea Park Station (Elizabeth Line).

      Romford - National Rail Services, Elizabeth Line, and Overground Line.

      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