3 bedroom property
Key information
Features and description
- Freehold mixed use investment
- Part let to Superdrug Stores Plc until 2025
- Alternative use and development potential (subject to consents)
- Currently producing £130,000 per annum (part vacant)
- On the instructions of James Liddiment and Paul Greenhalgh of Duff & Phelps as Joint Fixed Charge Receivers
- Online Auction on Wednesday, 04 November 2020
A prominent corner building of traditional construction arranged over basement, ground, first and part second floors. The building comprises storage at basement level with retail accommodation on the ground floor and there is separate access to the first floor, which is currently arranged as a banqueting hall for private events and functions. The part second floor provides residential accommodation in the form of one 3 bedroom flat and one 2 bedroom flat. The upper floors and basement may offer alternative use potential or potential for further development, subject to obtaining the necessary consents.
Location:
The London suburb of Forest Gate lies about 7 miles north east of central London and is bordered by Manor Park to the east and Stratford town centre to the west. It can be accessed vi the A114 and A118, both of which provide direct access to the A12 to the north and west respectively. The area is served by Forest Gate station, which provides direct services to London Liverpool Street and Wanstead Park station. which provides regional overland services between Gospel Oak and Barking. The area is also well served by numerous bus routes.
Romford Road forms part of the A118 and is the principal retail area in Forest Gate. The property commands a prominent location at the junction of Romford Road and Woodford Road (A114) in a mixed commercial and residential area. Nearby occupiers include Iceland, Ladbrokes, Poundland, Tesco Express, KFC and Barclays.
Tenancy:
For the year ending 28/12/2019, Surperdrug Stores Plc reported a turnover of £1,303,797,000, a pre-tax profit of £89,398,000 and shareholders' funds of £316,911,000 (Source: Companies House).
Online Auction on Wednesday, 04 November 2020. For further information, such as legal documents and property information, please visit bidx1.com.
About this agent












