Summary - 82, VICTORIA ROAD RM1 2LA
1 bed 1 bath Commercial Property
Immediate income with rooftop extension possibility close to the Elizabeth line.
Freehold mixed‑use high‑street property producing circa £25,800 pa
A freehold, multi-let high‑street property in central Romford offered with immediate income and development upside. The building comprises a ground-floor commercial unit and a one-bedroom flat above, producing a combined income of approximately £25,800 per year, and sits around 0.2 miles from Romford station on the Elizabeth line — a strong transport-led rental catchment.
This is an investor-focused opportunity: the freehold is sold subject to existing tenancies and offers potential for a rooftop extension to add additional massing, subject to planning consent. The commercial unit provides a large retail/workshop footprint to the rear, with garage/forecourt parking to the front, useful for occupier flexibility or storage income.
Material considerations are fundamental: the commercial lease has only five years remaining from April 2025 with mutual termination possible on six months’ notice, which many mortgage lenders may find unacceptable. The residential EPC is D and the commercial EPC is to be confirmed. Crime in the immediate area is above average — factor this into lettings and insurance costs.
For a buyer who understands short lease risk and is prepared to actively manage or reconfigure the asset, this property offers an immediate yield and clear scope for value-add through lease restructuring, refurbishment, and possible top-floor development (subject to consents).
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