5 & 5a High Street
Hornchurch, RM11 1TP
| Property Type | Investments |
| Tenure | For Sale |
| Size | 1,018 sq ft |
| Price | £475,000 |
| Business Rates | Upon Enquiry |
| Energy Performance Rating | This property has been graded as E (125) |
FREEHOLD SHOP AND FLAT INVESTMENT IN HORNCHURCH TOWN CENTRE
Key Points
- Freehold offered with ground floor retail / office let, and ground and first floor flat subject to an AST
- Located in Hornchurch town centre in the London Borough of Havering
- Ground floor commercial unit is let at £11,040 pa, and self contained flat is let at £1,050pcm
- With front display forecourt and rear yard
Description
The property comprises a two detached property of traditional brick construction, made up of a ground floor office / retail and ground and first floor 2 bedroom flat. The shop is trading as 'Stephen James Estate Agents and Letting Agents.'
The retail / office provide accommodation to the ground floor level. The internal accommodation includes a sales area, rear kitchenette, meeting room and WC facilities.
The flat is accessed via a front door to the left side of the shop. To the ground floor there is a lobby area. An entrance lobby leads to a staircase to the first floor. The first floor includes lounge, kitchen, 2 x bedrooms and bathroom.
We understand the services are split between the flat and shop. Electricity, water, gas and drainage services to the flat. Electricity, gas, water and drainage to the ground floor.
At the front of the property of the property there is a front display area. To the rear of the property is a small yard area.
Available area
The accommodation comprises the following areas:
| Name | sq ft | sq m |
|---|---|---|
| Ground - Retail / Office | 486 | 45.15 |
| Ground - Flat (lounge, kitchen 2 x bedrom and bathroom) | 532 | 49.42 |
| Total | 1,018 | 94.57 |
Location
The property is located on at the start of High Street, Hornchurch in the London Borough of Havering. The property is located within the main shopping and commercial area in Hornchurch town centre.
The location is a short distance from the various amenities in Hornchurch town centre, including occupiers such as Lidl, KFC, Sainsburys, Anytime FItness, Costa, Nando's, etc.
Hornchurch train station is approximately 0.5 mile away. There are various bus routes on High Street Hornchurch which link across Havering and into neighbouring London borough's.
Tenure
The property is offered for sale on a Freehold basis. Freehold - Title Numbers EGL27021 and EGL354642.
Tenancy Details
The ground floor retail will be offered subject to an informal tenancy at a current rent of £11,040 pa.
The flat is let out on the basis of an Assured Shorthold Tenancy (AST) at a rent of £1050pcm until December 2023. We would anticipate the flat could be re-let at around £1,200pcm.
Price
£475,000. We understand VAT is not payable on the purchase price.
Legal Costs
Each party to bear their own legal costs incurred in this transaction.
Identity Checks
In order to comply with Anti-Money Laundering Legislation, the successful purchaser will be required to provide certain identification documents. The required documents will be confirmed to and requested from the successful purchaser.
Viewing Arrangments
For further information or accompanied viewings, please contact the agent:
Francois Neyerlin
Telephone: 01708 973700
Email: francois.neyerlin@smcommercial.co.uk
Viewings strictly via appointment with the agent only.
Viewing & Further Information
For further information, or if you would like to arrange a viewing, please contact our agents: