Property for sale

£135,000

Property for sale
 in Station Road, Gidea Park, Romford

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Interested in this property? Call 020 3318 7752 (local rate) or Arrange viewing

Property features

  • CTN
  • Prime corner location
  • Rent £16, 500 PA
  • Rates £5, 000 PA
  • W/takes £7, 000 + approx
  • Price £135, 000 L/H

Property description

(Ref: 12491) Confectionary, Tobacco and Newsagents offered For Sale in a prime corner location along a busy main road in the Romford area. S.A.V is worth approximately £15, 000 and takings are approximately £7, 000 plus. Trading Times are seven days a week from Monday to Sunday. This business has good foot flow and benefits from various sources of income.
Tenure
The business is offered on a leasehold basis with 16 years remaining at a current rental of £16, 500 pa. Rent reviews are every four years and the next rent review is in 2013.
Rates
The rates payable are £5, 000 pa. Interested parties are advised to make their own inquiries with the local authority.
Trading Details
Trading days are seven days a week Monday to Friday from 5.00am to 7.30pm, Saturday from 5.30am to 7.30pm and Sunday from 6.00am to 3.00pm.
Trading area approximately 600 sq feet
Takings approx £7, 000 +
Bus Pass approx £10, 000
Lottery approx £2, 000
Pay point approx £5, 000
Western union approx £3, 500 p/w
Cash machine commission approx £50.00 p/w
Newspaper bill approx £1, 800 p/w

Viewings
Viewings are strictly via appointment only. Please contact the office on .
Misrepresentation Act 1967
Claybury Estates act for themselves and for the Vendors or Lessors of this property whose agents they are give notice that: 1. All descriptions, dimensions, reference to condition and necessary permissions for use and occupation and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. 2. Any services mentioned have not been tested and therefore prospective occupiers should satisfy themselves as to their operation. 3. These particulars are produced in good faith and set out as a general guide only and do not constitute part of any offer or contract. 4. No person in the employment of Claybury Estates has any authority to make or give representation or warranty whatsoever in relation to this property.
Request details

For more information about this property, please contact
Claybury Estates, IG3 on 020 3318 7752 (local rate)

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Similar properties for sale nearby

16 more properties like this

This leasehold property, located in Station Road, Gidea Park, Romford RM2 is listed for sale for £135,000 . The current asking price is 26% lower than the average current value for properties on which is £182,118. There have been 5 property sales on in the last 3 years, with sold house prices averaging £187,040.

View all Station Road property for sale

RM2 Zed-Index What is the Zed-Index
£299,226 £534,661 £318,697 £254,245 £168,677

stats for 
Value change
£304 (-0.10%) £2,698 (-0.89%) £7,704 (-2.51%) £15,265 (-4.85%) £12,932 (4.52%) £41,527 (-12.19%) £29,088 (-8.86%)
from 
Avg. price paid: £302,478
No. of property sales: 169
Avg. price paid: £299,501
No. of property sales: 506
Avg. price paid: £295,436
No. of property sales: 1,017
Avg. price paid: £284,393
No. of property sales: 1,699

Avg. asking price in RM2: £467,502
No. of properties for sale in RM2: 97
Avg. asking rent in RM2: £1,915 pcm
No. of properties to rent in RM2: 32

Property value data/graphs for RM2

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £534,661 £295 4.0 £552,875
Semi-detached £318,697 £269 3.5 £323,006
Terraced £254,245 £273 3.1 £266,333
Flats £168,677 £235 1.9 £164,211

Current asking prices in RM2

Avg. current asking prices in RM2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £289,995
(1)
£422,989
(5)
£357,584
(35)
£584,419
(26)
£891,109
(9)
Flats £129,350
(4)
£172,499
(12)
£249,995
(1)
- -
All £161,479
(5)
£246,173
(17)
£354,596
(36)
£584,419
(26)
£891,109
(9)

Current asking rents in RM2

Avg. current asking prices in RM2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £1,062 pcm
(2)
£1,437 pcm
(2)
£3,648 pcm
(10)
£1,395 pcm
(1)
Flats £751 pcm
(3)
£915 pcm
(10)
£1,025 pcm
(2)
- -
All £751 pcm
(3)
£940 pcm
(12)
£1,231 pcm
(4)
£3,648 pcm
(10)
£1,395 pcm
(1)

Fun facts for RM2

Highest value in RM2
Highest value streets Zed-Index What is the Zed-Index
Broadway £1,117,795
Elm Walk £951,746
Gidea Close £905,299
Parkway £636,342
Links Avenue £606,840
Highest turnover in RM2
Highest turnover streets Turnover What is Turnover?
Brentwood Road 44.4%
Lawrence Road 36.0%
Hamilton Road 29.5%
Academy Fields Road 29.0%
Balgores Square 28.6%

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