Restaurant

Lords Property are pleased to offer this rarely on the market Freehold Building in Romford, Collier Row, RM5

*BUSINESS NOT AFFECTED*

 A great investment in the heart of Collier Row with a busy restaurant chain on the ground floor shop held on a lease of 15 years at a passing rent of £22,000 per annum. The next rent review is in few years and the rent will go up as neighbouring properties are paying around £25,000 per annum currently.

The first and second floor are 3 bedroom maisonette producing an income of £18,000 per annum bringing the total rent recieved to £40,000 per annum plus the potential of converting above flats and building rear extention such as some neighbours who have already built at the rear of the buildings but only subject to planning permission.

Ground floor restaurant size approx: 125 sqm ( 1,345 sft)

Rent recieved per annum from the restaurant: £22,000 per annum exc

Rent recieved from flat above: £18,000 per annum exc

Please note the business on the ground floor is not affected.

Viewings only via appointment through Lords Property