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45-49 Market Pl
6,984 SF Retail Condo Unit Offered at $1,009,680 in Romford RM1 3AB
Investment Highlights
- The area benefits from excellent road connectivity with the A127, A12, A406, M11 and M25 all within easy reach.
- EPC Rating - E
- Nearby tenants include British Heart Foundation, Home Bargains, Primark, Travelodge and Sports Direct.
Executive Summary
Located on Market Place fronting onto the historic Romford Market in the heart of Romford town centre. Romford is one of London’s key suburban commercial centres and lies 11 miles northeast of the City of London, 8 miles east of Stratford and 6 miles southwest of Brentwood. Romford town centre has a number of big-name tenants including Marks & Spencer, Primark, H&M, TK Maxx and Sainsbury’s.
Property Facts
| Price | $1,009,680 | Sale Type | Investment |
| Unit Size | 6,984 SF | Building Class | B |
| No. Units | 1 | Floors | 2 |
| Total Building Size | 67,651 SF | Typical Floor Size | 33,826 SF |
| Property Type | Retail (Condo) | Year Built | 2007 |
| Property Subtype | Storefront Retail/Office | Lot Size | 2.16 AC |
| Price | $1,009,680 |
| Unit Size | 6,984 SF |
| No. Units | 1 |
| Total Building Size | 67,651 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Office |
| Sale Type | Investment |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 33,826 SF |
| Year Built | 2007 |
| Lot Size | 2.16 AC |
1 Unit Available
Unit Iceland
| Unit Size | 6,984 SF | Condo Use | Retail |
| Price | $1,009,680 | Sale Type | Investment |
| Price Per SF | $144.57 | Tenure | Long Leasehold |
| Unit Size | 6,984 SF |
| Price | $1,009,680 |
| Price Per SF | $144.57 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
Description
A ground floor retail unit that forms part of a modern mixed-use block built between 2007-2008.
The property has a gross internal floor area of 6,984 square feet(649.11 square metres). The property provides excellent frontage onto Romford Market.
Sale Notes
The property is let to Iceland Foods Ltd on 5-year lease from September 2024 with a current passing rent of £67,500 per annum, which equates to a rent of £9.66 per square foot. The rent has been rebased from a previous rent of £95,000 per annum.
The property will be sold by way of a 999-year lease and subject to the existing occupational lease. The head lease will provide flexibility regarding future usage.
Offers are invited in excess of £800,000, which represents a gross yield of 8.44% and a very low capital value of approximately £114.55 per square foot.
Amenities
- Storage Space
Nearby Major Retailers
Learn More About Investing in Retail Properties
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45-49 Market Pl
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