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Lot 43 - FREEHOLD INVESTMENT - SHOP & SPLIT LEVEL FLAT

2 Broadway Parade, Elm Park Avenue, Elm Park, Hornchurch, Essex, RM12 4RS

Sold prior to auction, for an undisclosed amount
Thu Sep 11 2025
11:00am
To be auctioned in :
  • 12
    Days
  • 20
    Hours
  • 25
    Mins
  • 28
    Secs

Property Description

Comprising a ground floor shop with internal and separate rear access to a split level flat above. Forming part of an established parade, close to a number of local and multiple retailers including Greggs, Costa, William Hill and a Sainsbury's Local. Elm Park underground station (District line) is nearby. Elm Park lies about 2 miles from Romford town centre and 15 miles from Central London.

Ground Floor Shop & Rear Store/Office:
681 sq ft (63.2 sq m) plus kitchenette & toilet
2a Broadway Parade (Flat & Second Floor Flat):
First Floor: 2 rooms, kitchen, bathroom/toilet
Second Floor: 1 room

There was a lease of the entire property to two individuals (trading as a hairdressers) for 7 years which expired on 28.09.2024 at a rent of £13,350 p.a.
Following the service of a Section 25 Notice on 08.03.2024, no rent has been demanded nor collected since the lease expiry date and there has been no application to Court for a new tenancy. Please refer to the CPSEs in the legal pack for further details.

Shop & Flat - Both "D"

1. We understand that the flat is sub-let on a 12 month AST from 09.06.2024 at £1,300 pcm.

Auction Surveyor: Robert Woolfe
Contact: 020 8509 4408 robert.woolfe@strettons.co.uk

Joint Auctioneer:

Day and Bell Surveyors Ref: Alex Mason 020 8016 9959 alex.mason@dayandbell.co.uk

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.

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